Remember when Twitter dropped NFTs and enabled Bitcoin tips? Given that founder and CEO Jack Dorsey’s Twitter bio is literally just “#bitcoin,” it’s not surprising that Twitter is interested in cryptocurrency and other decentralized technologies. Today, Twitter said that it’s formally launching a crypto team, which will aim to be “a center of excellence for all things blockchain and web3,” the company told TechCrunch.
To start, this team will explore crypto payments (Bitcoin tips, crypto payments for Ticketed Spaces), opportunities for creator monetization (NFT tooling) and decentralizing social media (part of the general movement toward Web3). According to a Twitter thread from Tess Rinearson, the engineer tapped to lead the team, Twitter Crypto wants to “help push the boundaries of what’s possible with identity, community, ownership and more.”