Twetch Returns on BSV as Invite-Only On-Chain Social Network

Twetch, the BSV-based on-chain social network, is returning after a two-year shutdown, with its meme culture and tokens restored. The revamped Twetch beta is invite-only, but prior users can recover old usernames, wallets, and assets. Twetch says it is working to fully index posts, and acknowledges that “lots of things are still missing.” Core features reported to be functional include the wallet, direct messages, groups, and an NFT marketplace. Twetch originally operated an engagement-for-micropayments model: posts, follows, likes, and replies were recorded as transactions on BSV, and creators shared the interaction payments. It shut down in June 2024 after failing to scale enough for micropayment fees to sustain the business, citing liabilities such as proprietary NFT systems and bloated databases/APIs. The relaunch highlights possible changes to NFT standards (potentially moving toward a more open format such as 1Sat Ordinals) and revives “numbered” user accounts, where lower numbers signaled status and were sometimes traded. The article frames the key challenge as network effects—Twetch must compete not only with X-like mainstream platforms but also other BSV social apps. For traders, the news matters less for broad market moves and more for BSV ecosystem attention: if Twetch grows active users, it could support demand narratives around BSV wallets, on-chain engagement, and tokenized social/NFT activity. However, the small addressable audience and the need for a sustainable micropayment business model keep the near-term impact uncertain.