Twitter Is Building A Team To Explore Integration of Web3 Applications
Twitter is putting together a crypto team to look into Web3 applications, according to Tess Rinearson – a member of the new team.
Twitter CEO, Jack Dorsey has for a while been going to the direction to incorporate crypto and blockchain technology into the popular social media platform.
According to sources inside the company there is a plan to expand to integrate Web3 and decentralized applications with the social platform. Tess Rinearson revealed that she has joined to lead Twitter’s crypto team.
Rinearson was formerly VP of engineering at Interchain, which is involved in the development of the Cosmos blockchain.
I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.✨ pic.twitter.com/HaP0k5hUOq
Her tweet did not tap into details what the new team would be responsible for developing. However, Rinearson wrote that the efforts will focus on “crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.”
She continued that her team would work to “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies,” adding that the team would learn from crypto communities on identity, community, and ownership.
Rinearson menitoned Twitter’s previous crypto efforts such as Bitcoin tipping and NFT support, stating that “Twitter truly gets crypto….but there’s so much more to explore here.”
Rinearson and her team will work with Bluesky, Twitter’s social media decentralization initiative led by former Zcash dev Jay Graber. Rinnearson said that the cooperation between the two teams will “help shape the future of decentralized social media” and “make sure that Twitter stays on the cutting edge of this new landscape.”
The news comes one day after Solana Ventures and Reddit founder Alex Ohanian’s VC firm announced a joint $100 million fund that will promote decentralized social media on the Solana blockchain.
Meanwhile, other social media platforms including Reddit and Discord appear to be pursuing extensive crypto plans, garnering mixed reactions from the public.
