Social media big Twitter is increasing additional into the crypto house by establishing a crew to look into decentralized purposes, cryptocurrencies and blockchain.

In accordance with a Wednesday tweet, Interchain Basis council member Tess Rinearson will probably be leading a crew on the social media firm geared toward cryptocurrencies, blockchain and decentralized expertise. Rinearson stated her crew could be working with Twitter’s Bluesky venture on a decentralized social media platform in addition to “exploring how concepts from crypto communities can assist us push the boundaries of what’s potential with identification, group, possession and extra.”

I’m thrilled to share that I’ve joined Twitter, to steer a brand new crew centered on crypto, blockchains, and different decentralized applied sciences—together with and going past cryptocurrencies.✨ pic.twitter.com/HaP0k5hUOq

— Tess Rinearson (@_tessr) November 10, 2021

The initiative referred to as Twitter Crypto — to not be confused with Crypto Twitter, which usually refers back to the group of crypto customers on the platform — will probably be hiring extra members with engineering and product expertise. Based mostly in Berlin, Rinearson said she had no plans to depart Germany however would set up a “distributed and cross-cultural” crew for the brand new venture.

“As I construct out the crew, we’ll be working to determine what crypto can do for Twitter, in addition to what Twitter can do for crypto,” stated Rinearson. “Twitter actually “will get” crypto (hiya bitcoin tipping & NFTs!) however there’s a lot extra to discover right here.”

The announcement comes lower than two months after Twitter first launched crypto tipping for its customers via the Lightning Community utilizing the Strike app. The platform’s roughly 200 million day by day energetic customers even have the choice of including a Bitcoin (BTC) handle on to their profiles.

What Does Twitter’s New Decentralized Initiative Imply?

Sq. and Twitter CEO Jack Dorsey has additionally proposed creating a decentralized alternate for Bitcoin as many within the house name for platforms and tasks to keep away from among the issues of centralization. Just lately, the previous head of Microsoft’s Decentralized Identification crew Daniel Buchner introduced he could be leaving the tech firm to hitch Sq..