Phonation, the social media platform kickoff unveiled by EOS creator Block.1 in June, announced that it will launch in beta on Feb. fourteen — Valentine'southward Day — in 2022. Voice announced the beta launch date in a weblog post published by the project on December. 5. The business firm also promises that it will share its progress with the community as the development goes on.

Voice also claims that thousands take already signed up to take part in its beta testing. The house likewise admits that the initiative is all the same plagued by regulatory dubiety and that it is still working with regulators to ensure compliance.

What's new in Voice?

The platform also plans to "cycle value" back to the users in the form of its own tokens. Overall, the firm presents itself as a social platform aiming to solve the problems afflicting its already agile counterparts, such as data auctioneering and subconscious algorithms. Vox claims that the initiative volition attempt to solve the involvement misalignment afflicting electric current platforms:

"We believe Vocalization is social as it should be — where what's good for the platform is also good for you."

The problem with electric current social media

The blog post as well explains the motivation backside the projection'south development and cites an explanation of Block.One main technical officer Dan Larimer which was issued virtually half a year ago to an audition in Washington D.C. The author of the post summarized what was said in the following way:

"Social media is broken. Designed to apply u.s., our information and attention is harvested into trillion dollar profits, while we struggle to protect ourselves against the consequences of having our attention auctioned to anonymous parties, and our personal information traded on the open up marketplace."

During the effect, Larimer also explained that such a misalignment of interest between the platforms and its users increasingly exposes the public to data profiling, identity theft, cyberbullying, and persuasive misinformation. According to him, manufactured propaganda aiming to manipulate public opinion, which flourishes on social media platforms, makes it harder than ever to know what is real.

Equally Cointelegraph illustrated in a defended assay in early October, blockchain is often proposed equally a solution to the increasing spread of faux information. Furthermore, blockchain and decentralization have been long proposed as solutions for many of the bug plaguing the electric current social media platforms.

1 of the concluding examples was unveiled in October, when reports suggested that a Yale professor and Goldman Sachs veteran were planning a new blockchain-based rival to Facebook in 2022.