Cardano founder Charles Hoskinson has offered to build a new decentralized social media site from the ground up alongside him in the event that Elon Musk’s daring plan to take over Twitter fails.
Elon Musk is a name that most people who are interested in cryptocurrency are familiar with. With over 80 million Twitter followers, Tesla and SpaceX CEO Elon Musk has been shaking up the crypto world with his hilarious tweets.
The Tesla CEO made an unsolicited offer to buy total control of Twitter for $41 billion with the purpose of privatizing it, saying that the deal was aimed to safeguard freedom of speech. Prior to that, he bought a 9.2% share in the company and declined to join the board of directors of the social networking site.
Elon Musk has chastised Twitter for failing to preserve free speech principles. If his bid is rejected, he has stated that he will reconsider his ownership in the company. “It’s not a threat,” he remarked, according to various news organizations.
Hoskinson proposes teaming up with Musk to develop a decentralized Twitter although the initiative has elicited mocking replies from many, including Douglas Horn, the Telos blockchain’s chief developer, who quipped that the project would be done by 2035.
Hoskinson clarified in a subsequent tweet that the platform will be “cross-chain compatible with Bitcoin, Cardano, and Doge” in response to a tweet from “Robobubo,” who asked if the hypothetical platform would be limited to Cardano.
After speaking at multiple Bitcoin conferences, SpaceX CEO Elon Musk, who is hoping to ferry people to Mars, appears to be a blockchain enthusiast. He’s also noted for his numerous tweets endorsing the meme coin Doge.
The possibility of collaborating with Musk and launching a decentralized social media platform would be groundbreaking, and the platform’s genuinity would not be lacking with one of the top blockchain developers teaming up with the world’s richest and most sophisticated technologist.