Late last year, we were excited of a possibility that we would get the successor of the ill fated Vine which was aptly named V2. Vine gave us memorable 6 second videos and sadly Twitter was not able to sustain it so it ended up being cut off and thrown into the stinking pile of former social networks.
One of Vine’s co-founders, Dom Hoffman generated interest late last year when he said that he was working on a follow up to Vine. He was funding it as a side project and he was to give more information about it later.
Well almost 5 months later, he has given more information about the V2 project and it is grim.
In the V2 community forums, Dom gave an update about the V2 product where he announced that he has postponed the V2 project indefinitely.
“I didn’t expect to write this even a few weeks ago, but I’ve made the very difficult decision of postponing the V2 project for an indefinite amount of time,” he said.
He also said that he ‘foolishly’ announced that it would be a personally funded project and had underestimated the attention it got. Although that interest was indeed encouraging, it brought about some roadblocks where they had estimated that the costs of running it would be very high, way beyond what could be personally funded.
“I’m very, very sorry for the disappointment,” Dom said, “If it’s any consolation, I think it would have been even more disappointing if this service had been developed and released incorrectly.”