In 2012 Vine took the world by storm. The popular six-second videos were bought by Twitter in October of that year, then made into a free app. January of 2017, Twitter made the decision to kill the Vine app altogether, ending its five-year career of entertaining people all over the world.

Vine co-founder, Dom Hofmann, wasn't going to let it end there. In late 2017 Hofmann announced a successor to Vine called V2. Unfortunately, the news didn't last long. Only months after announcing the new project in May of 2018 Dom Hofmann tweeted that he would be "postponing the V2 project for an indefinite amount of time." The original tweet is pictured below.

How is V2 different?

In December 2017, Hofmann released the Vine 2 Beta and a Twitter [VIDEO]account to accompany it. Some lucky people got to help develop V2 by using the beta and giving feedback. Hofmann hasn't shared much about the Vine successor but every once in awhile he'll share a tidbit about what to expect from the new app. One exciting feature, that is in line with the trends of the internet, is you will be able to monetize your videos. I'm sure this means a lot for Vine veterans like KingBach. You can read some more of these updates from the tweets below.

Despite only being in a beta format V2 was updating rapidly and kept up with the trends, including the YouTube star, Logan Paul, [VIDEO] fiasco.

In a tweet regarding Logan Paul and his recent activities, Hofmann stated the username, "@LoganPaul has been banned from the Vine 2 Platform."

What now?

Dom Hofmann mentions another project he and his team are currently working on. This project is called Interspace. There still isn't much information about what Interspace is or will be. Serious about his work, the co-founder doesn't want to risk divided attention making his partners unhappy and possibly putting out an unfinished, or improperly completed, product. Besides having another project underway, Hofmann mentions legal fees and funding. He didn't expect the amount of positive feedback he received after announcing the self-funded V2 project.

Following the original announcement, Hofmann shared that V2 would have to be bigger than originally planned.

After calculating how big V2 would have to be, he realized it could not be a self-funded project. On top of funding the project, there are a lot of legalities involved. Hofmann says, "legal fees have been overwhelming. It's unlikely this will be the last of these issues." When Twitter bought Vine in 2012, they company paid a whopping $30 million for it. In order for Hofmann to get the rights to build V2, I'm sure it will be just as pricey.

As mentioned in his tweet, Dom Hofmann is open to collaboration. If you have good ideas on how to make the V2 app better, or just have similar ideas you'd like to share, the co-founder says, "don't hesitate to reach out to me if you want to exchange ideas." Hofmann knows it may be quite a while before he can continue his work on V2, which means the patience of all the vine fans out there will be tested.