— Block.one (@block_one_) March 25, 2019
Everything should be clear 1st of June in Washington, DC, but, from what we have learned – this could mean anything from new social network to new wallet. However, let’s start from the beginning. In just one year, EOS became one of the most popular platforms for blockchain-based DApps, by some measures outperforming even its closest competitor Ethereum.
The problem was, that no matter the popularity, EOS couldn’t find success among blockchains as in achieving mainstream recognition. It seems that people who created EOS, are now wanting to change that position.
Block.one CEO Brendan Blumer said that last June, Block.One delivered the world most performant Blockchain protocol – EOS. This June they are focused on delivery safety, alignment and decentralization to mainstream personal infrastructure that is, by his words, completely broken today. Dan Larimer, the creator of EOS, said:
“When the time comes, our marketing will be beyond anything seen in crypto. But before you can market you need an onboard strategy that can convert users and a service that can retain them…[Brendan] Blumer [the CEO of Block.one] has assembled a world-class team that is preparing to make big moves in June.”
He also made an appearance on Telegram saying:
“We are going to announce a date for when we will release the roadmap for Block.one.”
He also said that there will be several announcements, not just one.
However, certain rumors went ahead when on May 21st, Galaxy Digital Holdings received $71.2 million for their ordinary shares, a 123% return on their investment from Block.One.
Michael Novogratz, CEO and Founder of Galaxy Digital tweeted:
Want to set the record straight. Galaxy is still a shareholder in @block_one_ , We are a large holder of $EOS tokens, and we strongly believe in the leadership of @BrendanBlumer and @bytemaster7 Very excited for their June announcement. Took profit to rebalance our portfolio.
— Michael Novogratz (@novogratz) May 23, 2019
And so, the countdown has begun. Block.one even created a website to hype their announcement. Although everyone is pretty much sick and tired of the ticking clocks (GotSatoshi and Craig Wright, remember?), it seems that this one will not be a scam after all.
But What Could It Be?
Reading Telegram most of the times give us better insight than just reading the news. So, we know for sure (or at least Larimer wrote so) that there will be “no government partnership” and “no Apple partnership” even though the latter was pretty much talked about.
Then, it might be an announcement of a new social media platform. It is already known that Block.one has recently obtained a trademark for a product called MEOS, which, according to the filing, is a social network. Larimer also asked on Telegram:
“Do you like MEOS?”
Also, his recent comments reveal that the company is “spending on blockchain-based social media” separately from other EOS venture capital activities. His comments also imply that scalability will play into the announcement, and massively onboarding users to a new social media platform could be a big part of that.
MEOS might also serve as sort of photo app and a tool for accessing EOS-based DApps. Additionally, the filing reveals that there will be tools for developers who want to build on top of the platform.
Also, there might be the case of developing mobile app and create a new wallet. Such a wallet could provide users with a way to spend money on EOS-based DApps or allow users to transfer tokens to certain recipients. However, EOS.IO has also expressed interest in something that most crypto wallets don’t provide: universal and “passwordless” authentication systems.
However, because of so much (mostly wrong) rumors, in May 23rd Larimer wrote:
“Please don’t overhype June 1. We have great news, and I’m excited about it. But overhyped will make even great news disappointment.”
It is interesting because just one minute after he asked:
“Is Vitalik on Telegram?”
Does that mean that he is trying to give him a warning or at least a slight stage fright is still not clear. However, if we consider the fact that the EOS network is capable of a more significant transaction each second than Ethereum, which perhaps gives that technical superiority it needs to onboard more users on its DApps, the real battle could be in sight.
After all, to question about whether Block.One prefers to operate at the protocol layer or will it also provide solutions at the application level (it’s own decentralized apps) he answered:
“One day BTC will probably run on Eosio chains.”