Block.One Is Launching a Social Media Platform on the EOS Blockchain

While Facebook pursues crypto, crypto is pursuing social media.

The company says its new social network will stand out by not turning users into products.

Voice will run on the EOS blockchain, which is also upgrading to a faster Version 2.0.

The leading social network in the world, Facebook, announced earlier this year it would move in the opposite direction - with CEO Mark Zuckerberg outlining a "Privacy-focused vision for social networking."

In 2016, Tsu, a social network that promised to share its earnings with its users, shut down.

Steemit is the Medium-like social network built on top of the Steem blockchain.

According to Dapp.com, it was the only major dapp blockchain where social media was the dominant use case, with 93 percent of users touching its social dapps.

A recent estimate from May put the active users in that month at 75,644.

Other crypto social networks have come along since, such as Coil and Cent.

Dapp.com estimated that Steem had over 386,000 active users for the year, while it gave EOS slightly over 171,000 active users in 2018, with 67 percent using its betting products.