Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Twitter is Building a Dedicated Crypto Team to Focus on Blockchain

IANS
IANS
Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

The micro-blogging site, Twitter, is building a new division for “all things Blockchain at Twitter,” called Twitter Crypto.

The company has hired Tess Rinearson as the team’s engineering lead to “set the strategy for the future of crypto at (and on) Twitter”, The Verge reported.

“First, we will 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,” Rinearson said on Twitter.

“Looking farther ahead, we will be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership, and more,” she added.

Rinearson said that her team would be working closely with Bluesky, an independent Twitter-funded effort to create a decentralized social network standard.

Rinearson will work under Twitter Chief Technology Officer Parag Agrawal, and their to-be-hired team will help drive Twitter’s push toward decentralizing social media, the company said.

According to the company, there is a “massive and growing interest among creators to use decentralized apps to manage virtual goods and currencies.” Rinearson will be focused on those issues, “with a long term goal of exploring how ideas from crypto can help us push the boundaries of what’s possible with identity, community and more.”

In September, Twitter announced it was enabling creators on its platform to be tipped in Bitcoin, and the company said it will explore crypto payments for other features like its Ticketed Spaces.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic