Twitter paid a reported $30 million for the Vine app in October 2012, before it had even launched. It originated in Florida.
But Vine struggled to hold on to its accounts. A data study by Markerly showed that 52 percent of "the platform's top users (those with 15,000 followers or more) have left the platform as of January 1, 2016".
Hofmann's image comes about a week after a string of tweets in which he discussed working on a follow-up to VIne. What seems to be Vine 2; or version 2 of Vine. "I've been feeling it myself for some time and have seen a lot of tweets, dms, etc.", he wrote at the time.
According to The Verge, Hofmann is now working on another project called Interspace, but is funding V2 independently.
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On January 17 of this year, Twitter officially shut down the service, after encouraging users to download their archived chips before the app was turned into another sharing tool.
Despite being used (and loved) by millions, Twitter chose to kill off the social network, which used 6-second videos, in January 2017.
Vine Co-Founder Dom Hoffman published a minimalist V2 logo on his Twitter profile in the typical font and color for the platform. Needless to say it was a beloved app and social media outlet.
The creators have moved on to several other projects in the time since, including Hype and HQ Trivia.