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Twitter, the popular social networking site, will do the research cryptocurrency. For this purpose, a group of specialists called Twitter Crypto. It will be commanded by Tess Rinearson of the University of Pennsylvania.

The Twitter Crypto team and its tasks

Recently, Twitter announced that a team of experts to research cryptocurrencies has been created, Tess Rinearson, the leader of the group, revealed that the methods of supporting the gradually growing interest in decentralized applications for managing virtual goods and currencies will be investigated first.

In the longer term, Twitter Crypto is to verify the ideas crypto community. The team is also scheduled to work with a decentralized Twitter project called Bluesky.

Twitter and the world of cryptocurrencies

It's no secret that Jack Dorsey, Twitter Co-Founder and CEO, is a huge enthusiast of the world of cryptocurrencies and technology. blockchain. For example, in September, the website paid out awards to the best content creators in Bitcoinach.

According to Twitter's statement, the network aims to ensure that all its users increase their earning potential. The representatives of the website also pointed out that digital currencies drive the economy.

Twitter and the NFT market

In addition to creating the Twitter Crypto group, the website also announced that it is developing a project related to NFT auctions. The network has already had one success in this field. In March last year, the first tweet of Jack Dorsey was sold at the NFT auction for nearly $ 3 million.

Now, Twitter is working on creating a series of collectibles that would be auctioned off as the NFT. It is worth mentioning that the website already has an auction of its own NFT collections on its account. It was issued on Rarible a few months ago.

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