Twitter has arrange a staff to give attention to “crypto, blockchains, and different decentralized applied sciences — together with and going past cryptocurrencies.” Initially, the staff will discover the way it can “assist the rising curiosity amongst creators to make use of decentralized apps to handle digital items and currencies, and to assist their work and communities.”
Twitter to Deal with Crypto, Blockchain, and Decentralized Apps
Twitter has established a devoted crypto-focused staff led by Tess Rinearson. She defined Wednesday that the “new staff [is] targeted on crypto, blockchains, and different decentralized applied sciences — together with and going past cryptocurrencies.”
We’re exploring methods to include decentralized applied sciences into our merchandise and infrastructure.
Initially, the corporate will discover funds, methods for folks creating content material to earn crypto, and the “decentralization of social media.”
Rinearson emphasised that “Twitter actually ‘will get’ crypto,” referencing the corporate’s bitcoin tipping and non-fungible token (NFT) initiatives. “However there’s a lot extra to discover right here,” she added.
“As I construct out the staff, we’ll be working to determine what crypto can do for Twitter, in addition to what Twitter can do for crypto,” she continued, elaborating:
First, we’ll be exploring how we are able to assist the rising curiosity amongst creators to make use of decentralized apps [dapps] to handle digital items and currencies, and to assist their work and communities.
Sooner or later, the staff will discover “how concepts from crypto communities may also help us push the boundaries of what’s potential with identification, neighborhood, possession and extra,” the crypto unit lead detailed.
Rinearson famous that her staff might be working intently with the Bluesky staff “to assist form the way forward for decentralized social media.” Bluesky is a decentralized social community mission funded by Twitter.
Twitter Crypto will underpin all of this work, and function a ‘heart of excellence’ for all issues blockchain at Twitter. We’ll be hiring for roles in engineering and product.
Twitter’s CEO, Jack Dorsey, is a longtime bitcoin supporter. He lately stated that his different firm, Sq. Inc., is targeted on serving to bitcoin change into the native currency for the internet. He outlined various initiatives which are targeted on serving to bitcoin attain a mainstream viewers whereas on the identical time strengthening the community and ecosystem.
One of many initiatives, Money App, generated $1.82 billion of bitcoin income and $42 million of bitcoin gross revenue through the third quarter of 2021.
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