The parent company behind Eos (EOS), Block.one announces a blockchain-based social media platform dubbed as Voice as per a report form Cointelegraph on June 1.
As per the release shared with the publishing, the Voice platform will be employing Eos blockchain in order to operate transparently, without hidden algorithms or content-pushing mechanisms that the user does not know about. The CEO of Block. one, Brendan Blumer, compared Voice with other traditional social media platforms present in the market, he stated:
“The truth is, current social media platforms are designed to use their users. Just look at the business model. Our content. Our data. Our attention. These are all incredibly valuable things. But right now, it’s the platform, not the user, that reaps the reward.”
The report further adds that Block.one recently joined the Coinbase Earn program. An educational offering by Coinbase that enables users to take courses on particular crypto in exchange for a small payment in the coin they are learning about.
The firm also collaborates with Tether last week, to put Tether’s USD-pegged stable coin USDT on the Eos blockchain. Reportedly, the delegated proof-of-stake design for Tether EOS makes it a good fit for peer-to-peer microtransactions.
Image Source – Block.one Twitter