Twitter has announced a crypto team to work on dApps and NFTs. With the success of CryptoKitties, do you think that this is just an attempt for Twitter to gain more traction in the cryptomarket?

Twitter Inc. has announced the expansion of its blockchain team and will be developing decentralized applications (dApps) and non-fungible tokens (NFTs). The news comes as Twitter is looking to make a splash in this year’s cryptocurrency market with plans for an initial public offering.The “dapp” is a decentralized application. The announcement of the crypto team to work on dapps and NFTs is an important step for Twitter as they look to expand their business offerings.

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Twitter has announced the formation of a crypto section to oversee its blockchain and crypto-related operations.

Twitter goes on to say that it “wants to find out what crypto can do for Twitter” and that it is willing to pool large sums of money in order to improve and investigate the decentralized technology.

Tess Rinearson, an engineer, will lead the newly established crypto team. Rinearson worked for a number of notable companies before joining Twitter, including Chain.com and Cosmos, and was also engaged in the creation of Tendermint Core, a popular blockchain platform.

What does the future hold for Crypto Twitter?

The new team, according to Rinearson, will work with her in the areas of cryptocurrencies, blockchain, and other decentralized technologies to develop solutions that aren’t immediately tied to the financial sphere and “including moving beyond cryptocurrencies.”

I’m ecstatic to announce that I’ve joined Twitter to manage a new team focusing on cryptocurrencies, blockchains, and other decentralized technologies, including but not limited to cryptocurrency. pic.twitter.com/HaP0k5hUOq

November 10, 2021 — Tess Rinearson (@ tessr)

Rinearson goes on to say that the business would look at how it might help artists who are interested in using decentralized apps to manage virtual products and services. Tess also notes that the new adjustments are available to customer input, as she believes it is vital to understand the company’s operational flaws in order to improve its performance.

Furthermore, the new crypto chief intends to foster decentralized applications, or dapps, in conjunction with other identity-oriented solutions, asset ownership, and a strong united community.

To begin, we’ll look at how we might assist artists’ rising interest in using decentralized applications to manage virtual products and currencies, as well as to support their work and communities.

November 10, 2021 — Tess Rinearson (@ tessr)

The staff will go by the moniker “Crypto Twitter” and will be in charge of overseeing all important Web 3.0 procedures. To assist speed up the recruiting process, Rinearson has also asked prospective engineers and product managers to apply through Twitter.

All of this effort will be supported by Twitter Crypto, which will act as a “center of excellence” for all things blockchain at Twitter. We’ll be looking for engineers and product managers. Please get in contact if this sounds intriguing to you! As usual, my DMs are available.

November 10, 2021 — Tess Rinearson (@ tessr)

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