Twitter sets up a cryptocurrency team to explore Blockchain uses – The Indian Express

By: Tech Desk | Pune | November 12, 2021 3:01:31 pm Twitter sets up a cryptocurrency team. (Photo: Twitter) Twitter is assembling a new team to look into development in the decentralised cryptocurrency space led by seasoned Blockchain engineer Tess Rinearson. According to Rinearson, Twitter Crypto—will serve as a “centre of excellence for all things blockchain and Web3” at the social media network. This development has come after the social media giant in September said that it was introducing a new tool that will enable users to send tips to others for their content using Bitcoin. Rinearson on Twitter revealed the social media giant’s crypto plans. She tweeted, “First, they’ll (Twitter) grow decentralized apps (DApps) for creators to manage virtual goods, currencies and ways for their fans to support their community.” Rinearson pointed out that her team will look to crypto tech to augment identity, community, and ownership on Twitter. Further, she notes that her team will collaborate with Blue Sky, Twitter’s decentralized social networking project to “help shape the future of decentralized social media.” Twitter is also experimenting with ways to verify NFT used as profile pictures. Meanwhile, Twitter isn’t the only social media giant looking to explore Blockchain-based…
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