Parler is Being Purchased by Kanye West

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Kanye West is in talks to purchase the social media platform Parler, which is understood for its dedication to free speech. This might sign a brand new period for the platform and for social media as an entire. This text will discover the chances of a Bitcoin-friendly influencer buying a crypto/NFT-friendly firm.

Kanye West isn’t any stranger to controversy, and his newest enterprise enterprise is certain to ruffle some feathers. The rapper, style mogul, and cultural icon are at present in talks to purchase well-liked social media platform Parler, in response to a Tweet made by Parlement Applied sciences (Parlar’s father or mother firm). Though the main points are to be finalized, it appears to be like just like the deal will undergo.

What Is Parler?

Parler has been a favourite amongst conservatives and libertarian-leaning customers, who’ve flocked to the positioning in current months as different platforms cracked down on content material they deemed to be “hateful” or “misinformation.” The positioning payments itself as a free speech platform and has been rising in recognition, as censorship on social media turns into increasingly more frequent.

Why Would Kanye West Wish to Purchase Parler?

Kanye West has been a vocal critic of censorship on social media and has lately been banned from the financial institution (JP Morgan).

Shortly after, he was seen carrying a Satoshi Nakamoto (pseudonymous creator of Bitcoin) hat. He’s additionally publicly praised the ethos of the core libertarian motion of Bitcoin fans in his 2020 podcast with Joe Rogan. Kanye explains, “The bitcoin guys have a perspective on what the true liberation of America and humanity can be.”

Kanye West earns a residing via his affect and by having the ability to be certain that he can get his message out to the lots via any means mandatory. So it is smart that he would wish to buy a platform like Parler, which has additionally been pleasant in direction of crypto and it appears to be like like that aligns with Kanye’s present pursuits as properly.

How Is Parler Crypto-Pleasant?

Parler is crypto-friendly as a result of the social media platform launched its personal NFT market entitled, “DeepRedSky” again in March. Though this NFT platform is kind of right-leaning with most options being Donald Trump supporters, it nonetheless reveals that Parler is prepared to enterprise into Web3.

The primary launch contained a collection of digital paintings, one piece, particularly, being “CryptoTRUMP Membership” which featured Trump’s picture.

Later collections embody the Babylon Bee, Brandon Tatum, and the POTUS TRUMP NFT assortment headed by former first girl Melania Trump. With this lineup in thoughts and Kanye West’s current acquisition of the platform, we would see “Ye” coming into into Web3 along with his personal NFT assortment.

POTUS TRUMP NFT assortment

What Does This Imply For Parler, Free Speech & Crypto Adoption?

If the deal goes via, it could be a serious coup for Parler. Not solely wouldn’t it obtain a much-needed infusion of money, however it could additionally get the backing of one of the vital well-known and influential folks on the planet.

It will even be a serious validation of the platform’s philosophy of free speech and open dialogue, which has made it so well-liked with conservative customers. George Farmer, CEO of Parlement Applied sciences lately defined in a weblog submit, “This deal will change the world, and alter the best way the world thinks about free speech”.

Kanye West’s model has at all times been about pushing the envelope and being on the forefront of tradition. His acquisition of Parler might sign a brand new period for the platform and for social media as an entire.

With an influencer that has been pressured into the arms of censorship-resistant cash within the type of Bitcoin and an NFT-friendly censorship-resistant collaboration collectively, crypto adoption may excellerate. Solely time will inform.

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