Originally published on: June 07, 2024
Twetch, a social media platform that operates on the Bitcoin SV (BSV) blockchain, surprised users when it abruptly shut down on June 6, leaving many crypto investors unable to access their NFTs and virtual collections. While the reasons for the shutdown remain unclear, Twetch hinted at a possible comeback by considering open-sourcing its code.
The CEO and founder of Twetch, Josh Petty, clarified that the app had no ties to Craig Wright, the controversial figure behind BSV. Wright, who claimed to be the creator of Bitcoin, faced a setback when a UK court ruled against his claims in March.
As Twetch contemplates its future, it highlights the challenges faced by social media platforms in the crypto space. While Twetch grapples with maintaining its user base, other platforms like X deal with security issues, such as hackers taking over accounts to promote fraudulent schemes.
With Twetch’s potential open-sourcing, the platform may see a revival and offer a new opportunity for users to engage on the BSV blockchain. Stay tuned for more updates on the future of Twetch and the evolving landscape of crypto social media platforms. Don’t miss out on the latest insights – subscribe to our newsletter for expert analysis and investment opportunities.