Cardano ADA Charles Hoskinson Buying Coindesk


On January 19th, Charles Hoskinson, the founder of Cardano ADA, expressed interest in purchasing the cryptocurrency news outlet CoinDesk. Although he acknowledged that the company appeared to be overpriced at its $200 million asking price, he stated that he would consider the purchase after conducting a review of the firm’s financials.

Hoskinson has a broad interest in media, and is focused on how to restore journalistic integrity. He believes that certain media outlets have pushed specific agendas in the past, such as FTX funding The Block, and that this could be changed if readers were financially incentivized to fact-check media houses. He suggests that readers could use non-fungible tokens (NFTs) to interact with news stories in a new way, viewing each story as a living object.

Hoskinson believes that incentivizing readers to fact-check and interact with the reporting would protect the independent reporting of the media, and prevent Cardano from influencing the media reports.

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