Cardano co-founder Charles Hoskinson said he is considering buying cryptocurrency information service CoinDesk to turn it into a mix of news and community sites.
CoinDesk said it has hired Lazard as a financial advisor to explore options, including a partial or full sale. The site is owned by Digital Currency Group (DCG), a conglomerate whose loan subsidiary, Genesis Global Capital, has filed for bankruptcy.
Hoskinson, who is also a co-founder of Ethereum, said in a video posted to Twitter that he had heard the site was for sale for about $200 million, but said he had not seen CoinDesk’s financials.
“At $200 million, I think it’s a bit pricey,” he said. “I can pay if I really want to.”
CoinDesk, which also hosts a popular industry conference, did not immediately respond to a request for comment.
The Cardano cryptocurrency is down about 76% over the past year. Few other large blockchains are growing faster than Cardano: the number of active developers per month increased by 5% in the year ending last December, according to data from Electric Capital. Solana stock rose 74%.
Cardano has 30 active applications, such as games, on its network, according to DappRadar tracker. On the other hand, Ethereum has nearly 4,000.