
The recent $44 billion bid for Twitter Inc. (NYSE:TWTR) from Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk highlighted the need for an open-source social media protocol for some.
Transparency is one of the fundamental principles of public blockchains and something that many early backers of Bitcoin (CRYPTO: BTC) have been attempting to bring to the internet-scale for more than a decade. The advent of Ethereum (CRYPTO: ETH) and smart contract blockchains has provided a platform for decentralized social media protocols.