Known for accurately disclosing information about new features in various apps, blogger Jane Manchun Wong reported that Twitter is developing a cryptocurrency wallet, allowing both deposits and withdrawals.
“Twitter is working on a “wallet prototype” that supports “deposit and withdrawal of cryptocurrencies””
Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal” — Jane Manchun Wong (@wongmjane) October 24, 2022
Other sources point out that Bluesky, a division within Twitter, opened a selective for people who want to test beta versions of the app in the last week. Therefore, it is possible that Wong’s information is linked to these tests.
“It is clear that there is a lot of interest in a new approach to social media. We will roll out private beta invites in stages, ensuring the protocol scales and getting user feedback as we go.”
It’s clear there’s a lot of interest in a new approach to social media. We’ll be rolling out invites to the private beta in stages, making sure the protocol scales and taking user feedback as we go. — bluesky (@bluesky) October 20, 2022
Just last week, the expansion of the so-called Tweet Tiles, a different way of displaying tweets, was also revealed. According to information, Twitter would be working together with the largest NFT markets — such as OpenSea, Rarible, Magic Eden, Dapper Labs and Jump.trade — to display collectibles in this new format within the social network.
“Today we are starting to test Tweet Tiles with @nytimes, @wsj and @guardian. Tweet Tiles will allow developers to extend the Tweet experience and open up future innovations to our @TwitterDev developer community.”pointed out Amir Shevat of Twitter in August, showing what the new feature will look like.
Today we’re beginning to test Tweet Tiles with @nytimes, @wsj and @guardian. Tweet Tiles will let developers extend the Tweet experience and will pave future innovation for our @TwitterDev developer community🚀 https://t.co/LDyExFq4b1 pic.twitter.com/mKeU87jNIv
— Amir Shevat (@ashevat) August 25, 2022
So, although there is not much information about what the Twitter cryptocurrency wallet mentioned by Wong will look like, the path of this social network seems clear. In addition, it is worth remembering that its founder, Jack Dorsey, abandoned his creation to dedicate himself to Bitcoin, but still remains in the company.
It’s not just Twitter that has an eye on cryptocurrencies
Twitter is not the only one betting on web 3. Recently, Instagram and Facebook have also integrated NFTs into their platform, but the feature is not yet available to everyone. Another one that is doing well in this integration is Reddit. Their first own collections of NFTs sold out quickly, becoming a hit with their users, and rumors suggest that they are already preparing to release new collections for Halloween. Therefore, the fate of social networks seems uniform, they are all betting on cryptocurrencies, whether in a more timid or aggressive way. However, it is worth noting that some projects such as Discord have already given up on such implementations after receiving criticism from their users about the integration of cryptocurrency wallets, mainly because it is mostly a community of gamers who hated Ethereum miners. Even so, Twitter’s audience is different and crypto communities are giants. Furthermore, no one is obligated to use such functions, but they must be mature enough to respect those who want such functions.
