Dapps on Twitter?
The popular social media platform has announced the launch of a dedicated crypto team, looking to explore decentralized apps on the platform.
Twitter Crypto is the name of the new team, being led by Tess Rinearson who has been given the role of creating a “strategy for the future of crypto at (and on) Twitter,” per Decrypt.
I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.✨ pic.twitter.com/HaP0k5hUOq
— Tess Rinearson (@_tessr) November 10, 2021
“I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies,” Rinearson tweeted.
The new branch was built with, decentralizing social media and enabling influencers to earn crypto through their content. “We’re exploring ways to incorporate decentralized technologies into our products and infrastructure,” Twitter said.
Twitter is owned by Jack Dorsey famously a Bitcoin maximalist who believes that “Bitcoin will be the currency of the internet.”, and also runs Square. The digital payment company announced just recently that they were deep in conversation about building Bitcoin hardware wallets.
Just one of the many moves Maxi has tried to push his preferred coin. Cash App a subsidiary of Square enabled Bitcoin buys just last summer, with plans to release a decentralized exchange just for Bitcoin. Tipping Bitcoin to certain influencers within the space was enabled just last month, a feature that hasn’t had much buzz since its announcement.
Twitter shouldn’t feel too comfortable in the social media space, as there may be a competitor quietly being built. As last week Solana & Reddit’s founders revealed a 100 million initiative for social media Web 3 tech.
“I do need to be freed from centralized social media, I want to get off Twitter,” said Raj Gokal, Solana co-founder.