Block.One Pours $150 Million Into Voice Social Media Platform

Block.One, the company behind the EOS blockchain platform, has been working on its social media space, Voice, for some time now. Currently, in beta, the company has just put $150 million into Voice to improve its development.

According to The Block, the investment should help the platform go independent and not rely on Block.One as much. The publication shared an excerpt from the announcement, which stated:

“Under Salah’s leadership, Voice is to operate as a separate business and will deploy the $150 million in capital to expand its operations and build out the company’s workforce.”

That excerpt, of course, is referring to Salah Zalatimo, the CEO of Voice and once the global chief digital officer at Forbes.

As you may know, Voice is a decentralized social media platform similar to that of Reddit or Steem. Users will make posts and comments, which are then voted on via Voice Tokens. Posts with more tokens are pushed to the top of the feed.

As of now, these tokens are in beta, and users are given them via participating in the network or through daily rewards. It is likely that balances are going to reset once the platform heads out of beta, however.

The platform has been in beta since Summer, 2019.