In the coming months, the Web3 social network Voice, supported by Block.one, will curtail its activities due to “uncertainty in the cryptocurrency and NFT market.”
Today, we are sad to announce that we will be winding down operations at Voice over the coming months.
— Voice (@VoiceHQ) September 13, 2023
“At this time, we believe it is in the best interests of Voice and its community to use our remaining resources to streamline the winding down process,” the project added.
The company behind the EOS blockchain, Block.one, invested $150 million in the development of Voice, and also spent $30 million on the voice.com domain name.
Launched in 2020, the platform is built on a separate implementation of the EOS protocol and uses biometric authentication to protect against bots and fake accounts.
Voice was positioned as a “content marketplace” where users could independently control the promotion of posts. This function was implemented using native tokens received for activities.
The social network was mainly popular among artists and NFT creators who fit into the concept of tokenized marketing.
Too bad Voice turned into an art/NFT platform instead of sticking to becoming a social platform.
— Michael (@1MichaelWheeler) September 13, 2023
“It’s a shame that Voice turned into an art platform/NFT instead of becoming a social network,” complained one user
Before the final closure, the Voice team will establish a service for migrating non-fungible tokens to other networks.
The EOS coin practically did not react to the news. According to CoinGecko, the asset is trading at $0.5578, having gained 0.6% over the past day.
Recall that in August 2023, the NFT platform Recur announced that it would cease operations due to “unforeseen problems and changes in the business landscape.”
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