Cardano (CRYPTO: ADA) founder Charles Hoskinson claims that blockchain-based dating apps like Tinder could unlock 2-3 billion users.
The vision of the Tinder blockchain
Hoskinson told CoinDesk at Consensus Hong Kong on Wednesday that he wants Tinder to run on a blockchain where users can prove properties such as height, income and location while verifying that profile photos are real.
“I want to get to the point where video games will be around, to the point where Facebook and other things will run on that infrastructure,” Hoskinson said.
“This is what will attract 2 to 3 billion people and this is what will change everything,” he added.
The key is seamless integration. Hoskinson argued that consumers should not need to understand blockchain for adoption to take place.
“I don’t have to worry about the electricity working. I just flip the switch and like magic it works,” he said. “We need to do this as an industry and stop ‘overfunding’ everything.”
The vision targets consumer applications. Blockchain-based dating apps could offer improved privacy, data ownership and censorship resistance – features that could attract users disillusioned with centralized platforms.
The same infrastructure could power social media and gaming.
ADA Key Levels
Cardano price hugs the lower Bollinger band at $0.2275 and falls below, indicating extreme oversold conditions.
The Parabolic SAR at $0.2236 sits just below the current price, suggesting very weak support.
Critical support lies between $0.22 and $0.25. The current price is testing this zone, with recent lows reaching $0.22.
This corresponds to both the lower Bollinger band and the SAR level, creating a confluence of potential support.
If $0.22 fails, a limited structure exists below. ADA could test $0.20 or lower.
Trading outside the lower Bollinger band suggests excessive short-term selling, which could trigger a technical rebound towards the middle band around $0.30.
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