Block.one (EOS) Pays $30 Million for Voice.com

Block.one, the company developing the EOS blockchain has paid a whopping $30 million cash to purchase voice.com, the domain for its proposed social media platform announced last month.

According to a filing by enterprise analytics and mobility software provider MicroStrategy, available on the U.S Securities and Exchanges Commission (SEC) website, Block.one purchased the domain through the popular registrar, Godaddy.

The deal, however, was sealed on May 30, 2019, a few days before Block.one announced their plans for a blockchain-powered social media platform.

Speaking in a statement regarding while Block.one paid such a huge amount for the Voice.com domain, Marge Breya, Senior Executive Vice President and Chief Marketing Officer, MicroStrategy noted,

The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.

Undoubtedly, Block.one’s decision to spend $30 million on only a domain highlights the company’s commitment to building its blockchain-powered social media platform. The proposed social media platform would reportedly reward users for their engagements, unlike other sites. 

Meanwhile, Coinfomania reported earlier that social media giant, Facebook is going to the opposite direction, launching a cryptocurrency at a time when EOS is seeking to debut in and potentially lead the social media industry.

Facebook, yesterday released the whitepaper for its cryptocurrency dubbed, Libra. Although the proposed cryptocurrency does not affect Bitcoin, it has already attracted enough regulatory debate with U.S authorities ordering a halt of the project until Facebook provides further details about it.

French and German officials as we also reported, did not support Facebook. French Finance Minister, Bruno Le Maire precisely warned that Libra must not become a sovereign currency.