As existing social media platforms grow more and more under fire, presumably for censorship, proponents of decentralization may now be one step closer to another blockchain-based alternative that says it will “bring back good technology.”
Block.one, behind the company EOS, is now aiming to create a new social platform voice in the United States. At the same time, users will have to go through the registration process in order to publish and publish content, and this requirement will only last until August 15, said Twitter CEO Sala Zalaat.
When planning a new release date in the fall, the company’s CEO said it happened because they “just can’t wait any longer,” given that large tech companies have increased control over user data and content. Their platforms.
The decentralized social media platform, which launched its beta version in February, aims to alternate existing social media networks that focus only on real people. Content. In addition, the platform displays its own useful sign that allows you to receive rewards for creating posts, or spending money to increase the visibility of messages.
Block.one has invested heavily in the new social network. The company is expected to pay $ 30 million for the Voice.com domain last year. Earlier this year, the company also announced an additional investment of $ 150 million to raise its voice.
The new platform was originally created to work on the EOS public blockchain, but was later changed to the EOSIO blockchain.
At Pixel (07:20 UTC), EOS, which ranks 9th in market capitalization, traded at $ 2.8 and is down 0.6% on the day, with weekly revenue reaching 3.4%. The price is almost undesirable in one month and will decrease by 56% per year.