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New crypto team at Twitter is working on the development of dApps



With Twitter Crypto, Jack Dorsey's social media platform is creating a team to research dapps, Web 3.0, and more.

Social media companies are increasingly venturing into the crypto space. Twitter has now announced that it will set up a team to deal with dApps, cryptocurrencies, and blockchain. According to a tweet yesterday, Wednesday, November 10th, Tess Rinearson, Councilor of the Interchain Foundation, will lead this team. Rinearson said they will work with the in-house Bluesky project on a decentralized social media platform. One wants

explore how ideas from crypto communities can help us push the boundaries of what is possible with identity, community, property, and more. 

The initiative is called Twitter Crypto and should not be confused with Crypto Twitter , which means the community of crypto users on the platform. In Twitter Crypto it comes to self-reported it to decentralize social media, and it should even be possible that authors can earn content crypto credit. The team should also be a “competence center for everything that has to do with blockchain and Web 3.0”.


Twitter makes crypto tips possible with Strike

The announcement comes less than two months after Twitter first introduced crypto tips for its users over the Lightning Network with the Strike app. Since then, the approximately 200 million daily active users have also had the option of adding a Bitcoin address directly to their profile.

Twitter CEO Jack Dorsey is also known to pull the strings behind the crypto-friendly payment provider Square. His plan is to develop a kind of decentralized exchange for Bitcoin. Elsewhere, too, there is concern about platforms and projects that address some of the problems of centralization. A personality relating to Square, for example, fits into this context. Because that is where the former head of Microsoft's team for decentralized identity, Daniel Buchner, is moving. 

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