Blockchain-powered social media platform Voice in beta next year

Block.One's blockchain-powered social media platform Voice is planned to launch in beta on February 14th 2020. The blockchain startup is currently working on developing the platform, and talking to legislators to make sure Voice is ready when it launches next year. Block.One announced the date in a blog post on Voice.com.

Block.One believes that social media 'use data and attention to make trillion dollar profits for large corporations'. In a statement they underline that there's a 'misalignment of interest' between users and the platforms that were once trusted. Nowadays social media are full with identity theft, cyber bullying, fake news, and manufactured propaganda.

Voice wants to change this by giving users full control over their own data. Nobody knows yet how different Voice will be, but the developers underlined that they are open for questions and comments from anybody. According to Block.One thousands have already signed up to partake in the beta.

Block.One isn't only the company behind Voice, but also responsible for the EOS blockchain. With a 2.6 billion dollar market cap EOS is currently the seventh biggest project in the crypto industry. Signing up for the beta of social media platform Voice is possible on Voice.com.

30 million dollar for a domain name

In June this year Block.One bought the domain name Voice.com. They did this by paying 30 million dollars, making their domain one of the most expensive domain sales in history. The investment in this premium domain name underlines the company's ambition, because Voice.com needs to become a 'Facebook killer'.

This ambition already cost the blockchain startup a lot of money, because first they bought the domain name and then they received a multi-million dollar fine. In September the company paid a 24 million dollars to the U.S. Securities and Exchange Commission after legal issues over their security tokens. Block.One didn't confirm or deny any wrongdoing. However, by settling with the SEC they could continue the development on their project without any legal problems.