Per a Reuters report, Binance is putting together a team that will work on developing ways to leverage blockchain and cryptocurrency for Twitter’s growth. The team will reportedly explore blockchain-based solutions to solve Twitter’s bot problem, which vexed Musk to such an extent that he threatened to cancel the acquisition deal.
Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter. https://t.co/gM65GHUnZC
— CZ ???? Binance (@cz_binance) October 28, 2022
With Binance entering the Twitter picture officially, it is not hard to imagine that Twitter will actively explore these technologies under Musk’s rule as “chief twit.” Musk has previously floated ideas like monetizing tweets, and crypto just might prove to the secret sauce in Musk’s plans to make money from Twitter and revive the platform’s dwindling financial fortunes. And given Musk’s influence, crypto investors will jump on any opportunity to make a bank with Musk at Twitter’s helm.
Twitter, however, is no stranger to crypto and blockchain tech, at least internally. The platform already developed ways for users to flaunt their NFTs with custom profile pictures, and even enabled tipping with Bitcoin. In 2021, Twitter announced that it was putting together a team focused on blockchain, cryptocurrencies, and other applications of decentralised tech, roping in Tess Rinearson to lead the team.
Twitter’s former CEO Jack Dorsey is publicly bullish on both blockchain and cryptocurrency, and he currently has millions of dollars hedged on these segments at the companies he is leading. Interestingly, Dorsey is also said to be the architect behind roping in Musk to buy Twitter.
For all the latest Games News Click Here
For the latest news and updates, follow us on Google News.
