Skip to content

IOVLabs Brings RSK Technology to 30 Million Users Social Network by Acquiring Taringa

IOVLabs Brings RSK Technology to 30 Million Users Social Network by Acquiring Taringa

With this acquisition, Bitcoin-powered Rootstock Network and RIF token economy will be introduced to the largest Spanish-speaking social network in the world.

IOVLabs, the creator of the Rootstock Bitcoin Smart Contract platform and the RIF token, announced today the acquisition of Taringa, the top Spanish-speaking social network in the world with 30 million users and over 1,000 active online communities.

Having access to Taringa’s user base will provide the company with invaluable information and data to test and distribute new decentralized infrastructure and apps powered by the Rootstock platform and the RIF token at a large scale.

Jointly with Taringa’s leadership, the company plans to create innovative consumer products and services for its communities, using Rootstock’s decentralized infrastructure.

Diego Gutierrez Zaldivar, CEO of IOVLabs, commented: “Blockchain is powerful technology, but it needs mass adoption to create meaningful value. This acquisition puts us at the forefront of adoption in distributed ledger technologies. Having access to such a large community will also be invaluable for gathering quick feedback from users of all the RIF-powered tools and protocols we are launching in the near future. We see Taringa as the first step towards massive adoption of both Rootstock and RIF platforms, and a great step forward for our long term vision of empowering individuals through decentralization. We can’t wait to share more news about the first products very soon, as we continue building the Internet of Value”.

Matías Botbol, CEO of Taringa, commented: “We are very excited about joining forces with the creators of RIF and Rootstock, as we truly believe that our users and communities should benefit from the contributions they make to our social network. We are already building our first tool to allow Taringa users to get rewarded by being active participants in their communities. Once this is in place, we envision adding more features, including peer-to-peer token exchanges, a marketplace for other dApps to start offering products and services to our users, and more. Our ultimate goal is to create a new open, decentralized Internet that respects individual’s freedom of speech and privacy”.

IOV Labs has been forging partnerships and developing decentralized infrastructure and products since the launch of the Rootstock mainnet in January 2018 and the release of the RIF Token in November 2018. The company, headquartered in Gibraltar, has a global footprint with offices in Buenos Aires, Montevideo, Shanghai, Singapore, and an innovation studio in San Francisco.

About RootstockLabs

RootstockLabs is a key contributor to Rootstock, the first, biggest, and longest-lasting Bitcoin layer 2. 

RootstockLabs specializes in pioneering innovative solutions within the blockchain space, empowering developers with funding, technology, and marketing support to expand the frontiers of decentralized technology and make Bitcoin work for everyone. 

Rootstock is the first, biggest, and longest-lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.

Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless. 

Website | X | Developer Portal | Discord | Youtube | Blog