Voice.com domain name sold for $30 million

Voice.com domain name sold for $30 million
Voice.com website

Block.one (EOS), the startup behind the EOS cryptocurrency acquires the voice.com domain name for the amount of $30 million.

This is how the Chief Marketing Officer of
MicroStrategy explains this acquiring at a high price: “Block.one has made a
smart strategic decision in choosing Voice.com to be the internet domain name
for its new social media platform. The word “voice” is simple and universally
understood. It’s also ubiquitous ― as a search term […]. An ultra-premium
domain name like Voice.com can help
a company achieve instant brand recognition, ignite a business, and massively
accelerate value creation”.

It places this sale in the top 5 of the biggest
domain names’ sales:

Lasvegas.com $90 million in 2005.

CarInsurance.com $49.7 million in 2010.

Insurance.com $35.6 million in 2010.

PrivateJet.com $30.18 million in 2012.

Voice.com $30 million in 2019.

After having raised more than $4 billion
through a fundraising in cryptocurrencies (ICO), the startup Block.one plans to
use the domain name with the aim to compete with the social media platform
Facebook.

The social media platform VOICE is opened since June, 1st 2019.

At a keynote, EOS’ CEO Brendan Blumer and Dan Larimer Block.one’s CTO, presented VOICE as an absolute alternative to everything that represents Facebook.

“Our content. Our data. Our attention. These
are all incredibly valuable things. But right now, it’s the platform, not the user
that reaps the reward. By design, they run by auctioning our information to
advertisers, pocketing the profit, and flooding our feeds with hidden agendas
dictated by the highest bidder. Voice changes that.”

In order to differentiate from Facebook, VOICE will function on the following basis:

  • VOICE
    will operate on EOS blockchain, which is upgrading to a faster version 2 for
    the occasion;
  • An
    anti-bot policy and other trolls will be implemented, without more details
    disclosed on the technology approach;
  • The
    blockchain will be public;
  • The
    arbiter of what must be seen or not, will not be the algorithm but the consensus;
  • Regarding
    security, a partnership with Yubico, makers of the Yubikey was announced. EOS seems
    to aim for an integration with WebAuthn, a standard for authentication without
    password recently approved by the W3C.

In other words, EOS wants to propose a model
opposite to Facebook: the control by everyone of their personal data and their
possible monetization.

First published at nameshield blog

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