The ban of the X* social network in Brazil has hit the local crypto community hard, as many representatives of the blockchain industry used the platform as a primary means of communication and promotion of their projects.

Recall that on August 30, the social network X, owned by billionaire Elon Musk, was blocked in Brazil by a decision of the country's Supreme Court.
The authorities accused the platform of spreading disinformation.

Brazil was one of the key markets for the internet platform, with over 22 million locals registered on the platform.

Number of social network users from different countries

According to Victor Cioff, development manager of the crypto accelerator Solana Superteam Brasil, X is most popular among young people. For members of the crypto community, it served as the main tool for promoting projects and ideas.

X is used to reach a global audience. Losing this social network in your marketing strategy is like losing your arm, says Chioffa.

Joao Ferreira, co-founder and CEO of Brazilian decentralized finance app Picnic, said his company has already lost “half of its reach” since X was their main communication platform.

The Brazilian crypto community is currently looking for alternative platforms for communication and promotion. YouTube, Farcaster, Nostr, and Bluesky have seen a big surge in activity, but they have not yet been able to replace X.

Read more

Read more

Users from Spain can now easily explore our financial and investment services and innovations in their native language.

We are committed to making our solutions accessible to all and continue to expand internationally!

Discover the future of digital asset trading with CELESTION ☑️.

Read more

Read more

Our creative approach leverages advanced artificial intelligence technology to conduct extremely effective transactions while successfully minimizing risks.

Our platform effectively mitigated risks by using its exclusive innovations, such as the integration of artificial intelligence and the development of its own developed trading systems.

Read more

Read more