Twitter has Created Team to Build Decentralized Social Media

Jack Dorsey, the CEO of Twitter, is always keen to have an excuse or a focused approach towards working with decentralized technology and blockchain platforms. His support and interest in Bitcoin are one of a kind. He has said several times that if he was not busy handling operations at Twitter, then he would most definitely be working with Bitcoin full time. But that shouldn’t stop Jack Dorsey from building decentralized social media. A new unit has been formulated by the name of Twitter crypto, which will be exploring different ways and ideas using which the company can move on with this ever-growing interest in decentralized apps and platforms.

Twitter wants to be a part of this decentralized revolution, and that is why this unit will be working tirelessly to bring forth applicable scenarios or a spot that can be filled in this emerging and ever near blockchain revolution. The former vice president of engineering at Interchain GmbH, Tess Rinearson, will be leading the unit. In various previous reforms, the CEO of Twitter, Jack Dorsey, has said that cryptocurrency, especially Bitcoin, will become an integral part of Twitter and its growth when it happens.

Twitter Wants to Incorporate Blockchain Technology into the Platform

Tess has previously worked with many companies regarding blockchain technology and the development of multiple decentralized apps and for developing blockchain-related ecosystems as everything and more is present on her LinkedIn profile. She definitely has the knowledge and capability to help Twitter take on this transition and complete it in the way intended. She said in a Twitter post that Twitter is definitely a social media platform that truly gets crypto and the idea of decentralization along with its passing units that are non-fungible tokens, but there is literally too much to explore here.

The future of decentralization at Twitter not only seems bright, but the way this new project is being led and charged on will become a truly significant project in the crypto space. Given the current adoption rates and overall craze that people have for crypto, it is entirely possible that other social media platforms will come on board to explore this transition of adopting blockchain technology. But that doesn’t seem to be the case as Twitter is currently exploring this opportunity and is way ahead of every other social media platform out there.

Leave a Reply

Your email address will not be published.


GBP to USD Prediction – Bulls Target $1.2450 Amid Weak U.S Jobs Report

It is somewhat of a GBP-USD day. The market does not have the United Kingdom’s economy to ponder today. Meanwhile, the attention has remained on the Federal Reserve following GBP-USD’s Thursday $1.23 return. The currency has never explored the value since June. Though hawkish bets place the sterling at the $1.25 mark into 2023, massive […]

Britain’s Chancellor Defers Tough Decisions to The Next Administration

The new British government is characterized by its severance to caution when it comes to its economic administration and its readiness to devote itself to performing just causes, regardless of the financial toll on the political sector.  As its precursor, Liz Truss, in September, decided to divide Britain’s economic organization, and the event exposed enormous […]

Genesis Halts Withdrawals Amid a Collapse of The Digital Currency Market

Genesis Global Capital has stopped processing withdrawals, confirming this week’s rumors. This is the most current lending program to file for bankruptcy. In 2022, Celsius Network, Voyager Digital, and other companies did so. At the moment, Derar Islim is Genesis’ acting CEO. Islim told Investors that the firm is looking at its options and seeking […]

Nayib Bukele Pledges To Buy 1 BTC Daily for El Salvador

The President of Els Salvador has pledged to start buying at least 1 BTC daily. This news emerged months after El Salvador is said to have completed its final BTC acquisition, 80 BTC at quite a cost of $19k each, in July this year. Previous Buy History of El Salvador  As per information from Buy BTC […]

Indonesia’s Central Bank Raises Rates By 50 Bps

In light of a robust economy and “high” inflation expectations, the Bank of Indonesia said on Thursday that it would act more firmly. As a result, the bank has increased the benchmark interest rate for the third consecutive month. A Global Economic Slowdown Bank of Indonesia was expected to increase the 7-day reverse repo rate […]