What does Jack Dorsey take into consideration Twitter’s crypto crew? That’s the query. With out fanfare and even an official assertion, the brand new Twitter Crypto division simply got here into existence. They’ll cowl cryptocurrencies and blockchain-related issues. New rent Tess Rinearson took to – the place else? – Twitter to broadcast her new place and the route that her management will take the corporate. “We’ll be working to determine what crypto can do for Twitter, in addition to what Twitter can do for crypto,” Rinearson said.
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About Tess herself, via her web site she will get us on top of things:
“Most not too long ago, I labored on the Interchain Basis, the place as VP of Engineering I led groups constructing open-source infrastructure for a lot of main blockchain networks, together with Cosmos. Amongst different issues, these groups had been accountable for Tendermint Core, a well-liked proof-of-stake consensus engine, and the Inter-Blockchain Communication Protocol, a number one interoperability commonplace.”
Twitter value chart on FTX | Supply: TradingView.com
What Do We Know About The Twitter Crypto Division?
Not a lot, as a result of Twitter Crypto’s creation didn’t make the company’s blog. The crew will work straight underneath Parag Agrawal, Twitter’s CTO. They usually’re presently “hiring for roles in engineering and product.” In response to Rinearson, Twitter Crypto will focus “on crypto, blockchains, and different decentralized applied sciences—together with and going past cryptocurrencies.”
As I construct out the crew, we’ll be working to determine what crypto can do for Twitter, in addition to what Twitter can do for crypto. Twitter really “will get” crypto (hey bitcoin tipping & NFTs!) however there’s a lot extra to discover right here.
— Tess Rinearson (@_tessr) November 10, 2021
In her thread, Rinearson identifies three most important areas of labor for Twitter Crypto:
- “First, we’ll be exploring how we are able to help the rising curiosity amongst creators to make use of decentralized apps to handle digital items and currencies, and to help their work and communities.”
- “Wanting farther forward, we’ll be exploring how concepts from crypto communities will help us push the boundaries of what’s attainable with identification, group, possession and extra.”
- “And, in fact, we’ll be working intently with the Bluesky crew to assist form the way forward for decentralized social media.”
And, in fact, we’ll be working intently with the @bluesky crew to assist form the way forward for decentralized social media (and to ensure that Twitter stays on the reducing fringe of this new panorama, too!).
— Tess Rinearson (@_tessr) November 10, 2021
So, primarily, Twitter Crypto will deal with integration with Web3, the Altcoin world, DeFi, sensible contracts, and NFTs. Which, in fact, introduced each undertaking underneath the solar and their advertising groups to pitch underneath Tess Rinearson each tweet.
This brings us to the unique query.
What Would Jack Dorsey Assume About The Twitter Crypto Division?
It’s no secret that Dorsey is a Bitcoin maximalist of the very best order. In response to him, Bitcoin is the best invention of our lifetime. Within the Bitcoin 2021 convention, Dorsey stated “The entire different cash, for me, don’t think about in any respect.” Nonetheless, despite the fact that Twitter enabled suggestions over the Lightning Community, the corporate’s actions don’t precisely match Jack Dorsey’s phrases.
On the one hand, Dorsey’s speaking about constructing a greater world via Bitcoin and denouncing the rising inflation. On the opposite, Twitter is censoring individuals, including bogus disclaimers, and deplatforming everybody who deviates from the official narrative. It looks as if the CEO shouldn’t be in full management of the corporate he created. And that is smart should you contemplate all the cash the social media platform produces. And all of the pursuits that work behind the scenes for that machine to maintain on shifting.
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The brand new Twitter Crypto division is one other proof of that reality. Whereas it’s true that Jack Dorsey as an individual wouldn’t contemplate different blockchains, the corporate he represents is clearly shifting in that route. Nonetheless, it’s additionally true that the brand new crew’s creation didn’t make Twitter’s official announcement channels. So, what’s actually happening right here? Is Twitter actually testing the waters of Altcoin land?
Let’s comply with Tess Rinearson and discover out.
Featured Picture: Twitter Crypto screenshot from this Tweet | Charts by TradingView