- Stani Kulechov announced that he had built a rival social network based on blockchain technology.
- Each piece of content is associated with a non-fungible token (NFT), which gives the creator ownership over their own posts.
- Lens Protocol has the potential to handle many of the concerns that Musk is currently worried about.
After Elon Musk announced that he would acquire Twitter Inc (NYSE:TWTR) in April, a Finnish crypto developer, Stani Kulechov, made a joke by tweeting that he was chosen to be Twitter’s interim chief executive officer, after which his account was temporarily suspended by Twitter itself.
Kulechov delivered his response to this on Wednesday when he announced that he had built a rival social network based on blockchain technology, which will become available for anyone to access for the first time.
The network is called Lens Protocol. The network allows people to post and follow, but differs from Twitter in one major way: each piece of content is associated with a