The crypto mogul has provided an update on CoinDesk acquisition talks during his AMA session, saying that the deal is unlikely
Hoskinson suggested turning various news pieces into non-fungible tokens to allow people to interact with them, arguing that it would be "really cool" if people could view each separate story as a living object.
It was reported that Coindesk is either raising funds or looking to get acquired after its parent company, Barry Silbert's Digital Currency Group, was hit by the crypto crisis. Genesis, one of the DCG's subsidiaries, is on track to file for bankruptcy after suspending withdrawals for users in mid-November.The acquisition of Coindesk by Cardano would be a significant move in the crypto industry and could potentially shake up the media landscape, but it seems like it is very unlikely now.
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