Cardano Founder to Launch Decentralized Social Network in Brazil Following X Ban

Charles Hoskinson, known for founding the Cardano blockchain, is embarking on a new project to launch a decentralized social media platform in Brazil.

This development follows a recent ban on X, formerly Twitter, which has faced legal issues in the country.

The Supreme Federal Court of Brazil, led by Judge Alexandre de Moraes, recently suspended X, accusing it of failing to comply with legal requirements and of contributing to the spread of harmful content.

The court mandated that X be blocked by ANATEL and removed from app stores, imposing daily fines for continued access through VPNs. X’s failure to adhere to these regulations resulted in significant fines, totaling around R$18 million.

READ MORE:

Coinbase Enables First AI-to-AI Crypto Transaction

In light of these events, Hoskinson’s new initiative aims to create a decentralized social network that cannot be easily controlled or censored by authorities. He has emphasized the role of such platforms in preserving free expression and plans to work closely with Brazilian stakeholders to develop this new network.

Hoskinson’s upcoming project is positioned as a response to the current challenges faced by social media platforms in Brazil, aiming to offer an alternative that upholds the values of decentralization and free expression.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.