Here's Why The Founder Of Cardano Is Looking To Build A Decentralized Twitter With Elon Musk

In the latest development in Tesla Inc TSLA CEO Elon Musk’s Twitter Inc TWTR bid saga, Cardano ADA/USD founder Charles Hoskinson has told Musk that he’s willing to help him build a decentralized version of Twitter.  

In a recent Tweet, Hoskinson said that he is willing to make a dispersed social media platform along with Musk if his decision to take over Twitter fails.

Following Hoskinson’s tweet, Twitter’s crypto community started talking about it. 

Also Read: Elon Musk's First Official Tweet Came Before Twitter And Tesla IPOs: Here's What The Tesla CEO Said

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Another user stated that if it’s anything similar to what Hoskinson has built before, it won’t scale.

On Thursday, Musk presented a $43 billion offer to assume full control of Twitter, with the intent of taking the company private. The non-binding proposal came after the Tesla CEO took a 9.2% stake in the social media giant.

Musk’s offer has gathered both positive and negative reactions from the social media firm’s shareholders. 

One key shareholder of Twitter, Saudi Prince Alwaleed bin Talal Al Saud has rejected Musk’s offer. 

Also Read: Elon Musk's Twitter 'Soap Opera' Will End In A Takeover: Dan Ives