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Cardano Founder, Charles Hoskinson Invites Elon Musk to Develop a Decentralized Social Media Platform Together

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Cardano Founder Charles Hoskinson Wants to Partner with Elon Musk to Develop a Decentralized Social Media Platform.

Charles Hoskinson, the CEO, and co-founder of Input-Output Global, the firm responsible for conducting research for Cardano, has commented on Elon Musk’s offer to buy microblogging platform Twitter. 

In a Twitter post made today, Hoskinson disclosed that should the popular microblogging platform turn down Tesla’s boss’ offer to purchase Twitter fully, he would be willing to build a decentralized social media platform with him. 

Elon, if Twitter rejects your offer, then hit me up. Happy to build a decentralized one,” Hoskinson said. 


A few weeks back, Musk had sought the opinion of his nearly 100 million followers to find out whether to develop a decentralized social media platform that adheres to free speech. 

In a poll created on Twitter, the vast majority of Musk’s supporters favored his move to launch a decentralized platform, with some users requesting that he adds cryptocurrency like Dogecoin (DOGE) to the platform’s tipping jar. 

Based on this, it is not surprising to see the Cardano boss want to collaborate with Musk to develop a decentralized social media platform. He would wish the ADA coin also to be added to the platform’s tipping service. 

Musk Wants to Buy Twitter

Recall that yesterday, Musk disclosed that he had made an offer to purchase Twitter for $41.39 billion in a bid to enable the company to achieve its societal goals. Musk said he is willing to pay $54.20 per Twitter share to allow him to purchase the microblogging platform fully. 

According to the founder of the American electric car company, it will be difficult for Twitter to achieve its set goals under current circumstances; as such, he is willing to buy the platform and take it private. 

His proposal came in less than a week after his over 9% stake in Twitter was disclosed. With Musk confident that Twitter may not reach its set goals under current circumstances, he said he might have to reconsider his investment in the company if his offer is rejected. 

Experts Commenting on Musk’s Offer

Since he made the offer, many experts from different industries have weighed in on the issue, especially Twitter, where Musk disclosed the move. 

One of the people who commented on the matter was Michael Saylor, the leading business intelligence company MicroStrategy CEO. 

Saylor, in a tweet, urged Musk to buy fractions of Bitcoin if his offer is turned down by the Twitter board. He has always believed that the value of Bitcoin will soar in the future as more people adopt the nascent asset class. 


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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.


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