Block.one invests $150 million in Voice social network

by in Cryptocurrency News

Block.one invests in Voice

Block.one announced the involvement of one of the first block manufacturers in the ranks of the EOS New York team. In addition, the Voice social network based on a separate implementation of EOS will receive further development through investments of $150 million.

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The employees of the already liquidated block manufacturer EOS New York have the following tasks:

  • stimulate the transition of the EOS network to a more open, organized and decentralized state;
  • improve interaction with public blockchain communities;
  • represent the interests of Block.one as a holder of tokens in a number of projects.

EOS New York is known as an active critic of the centralization of the network. Last November, they demanded the elimination of six EIS block manufacturers due to a relationship with one team.

Investments of $150 million in Voice are aimed at the functioning of the social network as an independent company. Previously, Block.one has already sent the same amount to the project's development.

Voice is now in beta testing and uses a separate implementation of the EOSIO protocol instead of the public EOS blockchain.

Salah Zalatimo explaining the advantages of the CDO platform says that Voice is a real content marketplace, where the user himself controls the types of content for promotion. The platform is designed so that users who pass the KYC procedure with real IDs are accountable to each other.

It is assumed that for their activity, Voice users will be able to receive awards in native platform tokens, then using them to promote posts.

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Recall, according to a new report by CB Insights, the volume of venture financing in the blockchain companies last year decreased by a third from $4.2 billion to $2.8 billion. Though the number of deals decreased only from 822 to 807.