Truth

Truth Terminal established a foundation and completed off-exchange trading of FARTCOIN

ChainCatcher news, Truth Terminal founder Andy Ayrey posted on social media that Truth Terminal has established a foundation to manage its related intellectual property and wallet assets, ensuring the independence and development space of this AI project. The foundation's goal is to protect Truth Terminal from external interference and assist it in achieving its current objectives, including providing legal, development, and other support. This structure is seen as a short-term solution, with the ultimate goal of making Truth Terminal an autonomous entity.In addition, the financial committee of Truth Terminal and Ayrey discussed how to properly manage its wallet assets and avoid impacting the token market at the beginning of January. Ultimately, they accepted an anonymous over-the-counter trading offer and completed the sale of a portion of the FARTCOIN assets held by Truth Terminal at noon on January 21. The trading conditions required the buyer not to sell in a way that would affect market prices. Part of the proceeds has been used to increase Truth Terminal's GOAT holdings, with plans for long-term holding and exploring cooperative reward mechanisms.Ayrey also stated that the foundation has the capital capability to hire a team, provide grants, and purchase equipment such as GPUs. In the future, the focus will be on building a sustainable council structure and supporting the self-improvement infrastructure of Truth Terminal.

Foreign media: Trump's social platform Truth Social may merge with Musk's X platform

ChainCatcher news, according to Fortune, foreign media reports that Trump’s social platform Truth Social may merge with Musk’s X platform (formerly Twitter). Data shows that Truth Social's revenue in the third quarter of this year was only $2.6 million, with 698,000 monthly active users on mobile and 11.3 million monthly website visits; in contrast, X platform is expected to have an annual advertising revenue of $2 billion, with 70.4 million monthly active users and up to 1 billion monthly website visits.Erik Nisbet, director of the Center for Communication and Public Policy at Northwestern University, stated that since Musk took over, the content style of X platform has gradually aligned with that of Truth Social. Both platforms promote "freedom of speech" as their selling point, primarily targeting conservative audiences. Data shows that 57% of Truth Social users consider it a daily news source, while 59% do the same for X platform.In terms of content moderation, X platform still maintains relatively strict standards, banning approximately 5.3 million accounts for violations in the first half of this year. This is mainly because the platform needs to maintain relationships with large corporate advertisers. Truth Social, on the other hand, has almost no advertising business, resulting in relatively lenient content moderation. Industry insiders believe that a potential merger would be more commercially meaningful for Trump, serving as a cash-out exit strategy, with his shareholding currently valued at approximately $3.3 billion.
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