Kanye West to buy crypto-friendly social media platform Parler

Move over, Elon. Ye gets her own social media platform.

Kanye West, the controversial artist and supporter of former US President Donald Trump, has agreed in principle to buy the right-wing social media platform Parler, according to Parler.

No stranger to Bitcoin and cryptocurrency, Ye sang the technology’s praises during an October 2020 appearance on The Joe Rogan Experience. “The bitcoin guys have a perspective on what the true liberation of America and humanity will be,” he said.

More recently, a photo of Ye wearing a “Satoshi Nakamoto” hat made the rounds on social media.

The decision to buy Parler comes following the suspension of West’s Twitter and Instagram accounts for what the platforms called “anti-Semitic comments” earlier this month, which he won’t have to worry about with his own platform.

According to Parler, the deal is expected to close during the fourth quarter of 2022. It will include continued technical support from Parler’s parent company, Parliament Technologies.

Launched in September 2018, Parler has long touted itself as an alternative to free speech on Twitter. Following the January 6 capital riot, Parler was removed from the Google Play and Apple App stores. Speak was also removed from Amazon Web Services (AWS) for what the tech giant called its lack of oversight over questionable and violent content.

Parler resumed service on February 15, 2021, with added content filters. The app returned to the Apple App Store on May 17, 2021, and to Google Play on September 2, 2022. That same month, Parler announced it had raised $16 million in Series B funding.

Parler had 1.3 million visitors to its website in August, according to analytics website SimilarWeb. By contrast, there were 9 million monthly visitors to Trump’s Truth Social, 6.8 billion to Twitter, and 18.2 billion to Facebook.

In March, Parler launched its DeepRedSky NFT marketplace. The first launch featured a digital art line, “CryptoTRUMP Club”, featuring Trump’s image. Later collections include Babylon Bee, Brandon Tatum and the POTUS TRUMP NFT collection led by former first lady Melania Trump,

Melania Trump has made waves of her own after launching a separate series of NFT collections on the Solana blockchain. The Solana Foundation quickly distanced itself from the project.

“I wanted to let you know, to avoid any confusion, that his choice to use the Solana blockchain was completely organic, and this project is not part of any Solana-led initiative,” a representative said. Decrypt.

Non-fungible tokens, better known as NFTs, are cryptographically unique tokens tied to digital and physical content or memberships that provide proof of ownership.

Parliament Technologies is optimistic about West’s ownership prospect.

“This deal is going to change the world and change the way the world thinks about free speech,” Parliament Technologies CEO George Farmer said in a blog post. “You are taking a revolutionary step into the media space of free speech and never have to worry about being taken off social media again.

“Once again, Ye proves he is one step ahead of the legacy media narrative,” Farmer continued. “Parliament will be honored to help him achieve his goals.”

Representatives for West and Parler have yet to respond to requests for comment from Decrypt.

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