Future of Twitter for Crypto Users
A lot has changed on Twitter over the past week. First, Tesla CEO Elon Musk acquired Twitter for his $44 billion. The community has speculated a lot of rumors, with Elon himself tweeting all sorts of content such as "birds freed". also wants.Many are concerned that he will revive the banned user. Crypto users, on the other hand, can't wait for the integration of Twitter and cryptocurrencies. How will the state of the Twitter community develop and what will the future of Twitter look like? Will it affect the crypto market?
Twitter’s New Features and Their Impact Towards Crypto Market
Recent Projects
We all know Elon Musk is a big fan of cryptocurrencies. He's also a huge spaceship fan, sometimes eccentric, and a free speech absolutist. Combining all these criteria, a major change that will affect the cryptocurrency market could indeed appear on his Twitter. Let's start with some changes that have already been made.
1.On September 23, 2021, Twitter started rolling out its "Tips" feature, which enables users to reward their favorite accounts with bitcoin or cash.
2.Twitter launched the NFT verification feature in January 2022, allowing paying Twitter Blue subscribers to post NFTs as profile pictures.
Twitter is currently experimenting with NFTs. A project known as NFT tweet tiles, which is a distinct panel within a tweet displaying NFTs, was introduced. To increase user engagement, they are collaborating with well-known NFT marketplaces including Rarible, Dapper Labs, Magic Eden, and Jump.trade. Additionally, this new feature will support Tezos, Flow, Polygon, Solana, Immutable X, Ethereum, and Immutable X.
Impact on Crypto Market
Some speculate that despite all these projects, Elon's efforts will fail. Binance CEO Changpeng “CZ” Zhao was one of those who took that stance. In his speech at the Web Summit Tech Conference, he assumed that his 90% of Elon's ideas would fail. Having invested his $500 million in the acquisition, he felt the innovation was good but the results might not be up to par. CZ thinks Twitter's future is largely headed in the right direction, but that's his vision for 10-20 years.
Elon, meanwhile, shared his idea of removing the outdated blue tick system and making it available to everyone for a fee. He suggested that for $8 a month, he could give users the new system, saying, "Empower the people!" In response, Strike founder and CEO Jack Mullers proposed the integration of the Bitcoin Lightning system.
A Quick Summary
On the one hand, Twitter has great potential to bring cryptocurrency exposure to the general public. This can take the form of NFTs, coin usage, or coin payments. These features will attract new users and curious audiences to understand what it is all about.Overall, the future of Twitter for cryptocurrency users is moderate at best. In the short span of a year or two, it's best not to get too excited about what's going to happen, but about what you can do now. We hope that the outlook will improve as the number of cryptocurrency users grows and more stakeholders join the battle.In the meantime, visit MEXC for the latest topics, industry news, Please see the article. We believe that an educated audience is the best audience.What are you looking for? Start your crypto journey with MEXC today!
