Block.one incubated Voice for nine months before hiring a new team to run the social media platform
NEW YORK CITY, NY, March 26, 2020 – Voice, the social news platform that rewards users and content creators, announced today $150 million of capital from Block.one to kickstart its independent operation.
The platform, which aims to address many of the flaws in today’s media world, including data ownership, fake news and bot manipulation, was conceived of and incubated by Block.one’s CEO Brendan Blumer and CTO Dan Larimer.
“We are creating living journalism instead of static news platforms,” said Block.one CEO Brendan Blumer. “With Voice setting out to fundamentally change how media platforms are working, it was the right time for Block.one to hand the reins to (Voice CEO) Salah Zalatimo and allow Voice to grow under his leadership to create a truly unique experience for content creators everywhere.”
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.
“Today’s media and social media landscapes are rapidly converging,” said Salah, “and the resulting digital forums for engagement are broken. We’ve witnessed a profound loss of trust on social media sites given their opaque use of personal data and capricious content regulation rules: If you need to hire armies of people to remove disturbing content, then there’s something fundamentally wrong with the platform. Voice wants to bridge divisions and rebuild trust in our media platforms by promoting authenticity, transparency and humanity in our community.”
Voice Beta launched in the U.S. on February 14, 2020, as part of a phased rollout to allow for real-time feedback, testing and iterations. The platform, which is built on Block.one’s flagship EOSIO protocol, is the first large-scale project to drive mass adoption of blockchain to replace legacy systems.
Voice is a media platform that redefines media by cultivating creation, sharing, discovery and promotion of content by real users. Through a self-sustaining economy of ideas and utilization of the Voice Token (where available), Voice puts control back into the hands of the users, creating an opportunity for them to directly benefit from their ideas and engagement on the platform. Operating on the EOSIO protocol, built by Block.one, Voice benefits from inherent characteristics of blockchain technology: security, accountability, immutability, and auditability to enable trusted and transparent social interactions on the application. For further information or to sign up for beta access, please visit voice.com.