Twitter has announced that it has formed a team of crypto researchers, which will be led as technical lead by Tess Rinearson from the University of Pennsylvania.
Summary
Twitter Crypto, the team to explore blockchain
Rinearson stated on Twitter:
“First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities. Looking farther ahead, we’ll be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more”.
Rinearson pointed out that the team will work closely with Bluesky, the new decentralized social network project created by Jack Dorsey’s company a year ago.
Twitter open to Bitcoin payments
This news is certainly not new for the company led by Dorsey, who has always been a great supporter of the world of cryptocurrencies and blockchain. In September, the company had allowed the payment of tips, the rewards for content creators on its social network, with Bitcoin.
The company explained the decision, which had been in the air for some time:
“We want everyone on Twitter to have access to pathways to get paid. Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible – help us get there”.
Twitter and the NFT project
After the sale of Jack Dorsey’s first tweet for nearly $3 million in an NFT auction last March, the company announced in October that it was working on a project related to NFT auctions.
The idea would be to create a series of collectables of social media users to be auctioned in NFT format. The project is said to still be in its early stages, although Twitter has already auctioned a collection of its own NFTs on Rarible months ago.
The company’s CEO said candidly at a recent conference in Miami that.
“If I were not at Square or Twitter I’d be working on bitcoin”.
