The team dedicated to researching DApps and more

The social media giant Twitter continues to expand into the crypto space by building a team to study decentralized applications (DApps), cryptocurrencies and blockchain.

According to a tweet this Wednesday, the board member is the Interchain Foundation Tess rinearsonTO Direct to a team of the social media company that focuses on cryptocurrencies, blockchain and decentralized technology. Rinarson said his team would be working on the project Blue sky Twitter on a decentralized social media platform as well “We’re exploring how insights from cryptocurrency communities can help us push the boundaries of what is possible with identity, community, engagement and more.”

The initiative called Twitter Crypto, not to be confused with Crypto Twitter (which generally refers to the crypto community on the platform), will hire additional members with technical and product knowledge. Based in Berlin, Rinearson® called that he does not intend to leave Germany, but would organize a “distributed and intercultural” team for the new project.

The team dedicated to researching DApps and more
The team dedicated to researching DApps and more

“As the team builds, we will work to find out what cryptocurrencies can do for Twitter and what Twitter can do for cryptocurrencies” said Rinearson.TO

“Twitter is really ‘getting’ crypto (tips on Bitcoin and NFT!), But there’s so much more to discover here.”

The announcement comes less than two months after Twitter first made crypto tips available to its users over the Lightning Network with the Strike app. Also the approximately 200 million daily active users of the platform You have the option of adding a Bitcoin (BTC) address directly to your profiles.

Jack Dorsey, CEO of Square and Twitter, has also proposed to develop a decentralized exchange for Bitcoin since many in space require platforms and projects to avoid some of the centralization problems. Recently, the former head of Microsoft’s Decentralized Identity Team, Daniel Buchner, announced that being marchesCompany  to join Square.

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