Block.one — the company behind EOSIO (EOS), has injected $150 million into its controversial blockchain-based social media network, Vocalization.

Announced on March 26, the investment comprises $50 one thousand thousand in intellectual property assets and $100 million. The injection is intended to give Voice the resources needed to operate independently from Block.Ane.

Voice is in closed beta

Voice is currently in closed beta testing and is exclusively bachelor to U.Due south. users. The platform is congenital on top of the EOSIO protocol.

Users must verify their identity to utilize the platform, afterwards which they can earn Phonation tokens according to their participation in the network. Vocalisation users must provide their dwelling accost, authorities identification, and images of themselves in society to exist verified.

The Vox tokens currently are not listed on whatever exchanges and do not have a monetary value. All Voice tokens earned during beta testing volition exist reset when the platform launches.

Privacy concerns environs Voice

Despite comprising a cryptocurrency-powered platform, Vocalisation has come under fire for exhibiting significant privacy concerns.

Block.ane has partnered with HooYu to verify members' identity and volition store all pertinent meta information.

Data collected by HooYu can also exist used to "preclude and notice crime."

UPDATE xiv:45 UTC, March 31: This article has been updated to reflect that HooYu stores only what users provide during the KYC process, and the metadata required for verifying a user's identity.