Block.One Invests $150 Million Into Voice

The flagship application for Block.one, the developers behind EOS, just saw a $150 million influx.

Voice was given the money by Block.one to provide a more decentralized business structure.

This does not include the $150 million spent to release the platform or the $30 million to secure the site Voice.com.

When Voice was introduced, it was billed as a social media network absent of bots. Twitter and Facebook came under scrutiny for the use of bots and fake accounts.

To sign onto Voice, KYC (Know-Your-Customer) is required. All users need to provide identification to prove they are real. This is how the platform ensures that each account is a real person.

Many feel this is excessive for a social media applications. In fact, most in the crypto-world do not like KYC/AMSL when dealing an exchange. This is part of the allure of decentralized exchanges. The drawback is the fact there is no tie-in to fiat currency.

Thus far, Voice has not been a raging success. The team did create a stir when they decided to launch the application on a fork of the EOS chain as opposed to the main one. Many bought the token expecting the activity from Voice to be resident on EOS.

Dan Larimer is one of the principles behind Block.One. He is the developer who put together both Bitshares and Steem. The flagship application on Steem, Steemit.com, was part of the purchase of Steemit Inc by Justin Sun.

Voice looks to reward users for their participation in the network by promoting content to the top.