Kanye West is acquiring crypto-based social media, Parler

The controversial rapper Kanye West is entering the crypto scene by buying a crypto-based social media platform called Parler. The acquisition is after the star’s social accounts were suspended.

For the past months, Kanye has been surrounded by controversies and his posts didn’t help clear them up at all. A few weeks ago, his Instagram and Twitter were taken for making “antisemitic comments.”

Now, Kanye is buying Parler with the vision of “freedom of speech.” According to the Parler team, the platform will be transferred from Parlement Technologies to his name by the end of 2022.

“Ye is making a groundbreaking move into the free speech media space and will never have to fear being removed from social media again,” said Parlement Technologies CEO, George Farmer.

“This deal will change the world, and change the way the world thinks about free speech,” he added. “Parlement will be honored to help him achieve his goals.”

Like Kanye, Parler doesn’t seem to have a good reputation among social apps. In fact, the platform was suspended from the App Store and Google Store, but then returned again by improving policies.

Parler recently received a $16M investment in Series B funding, which shows that the crypto-based app will be emerging as an authentic platform soon. With Kanye, it might even gain more followers.

Kanye has been part of the crypto scene since 2020. He is an early supporter of Bitcoin and even shared high hopes for the industry to grow with time. Now, he is entering the industry himself.

With Parler, Kanye’s fans can connect with the rapper and enjoy the various benefits that traditional social media might not ever offer. As of now, no statement has been issued by Kanye himself.

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