Cardano (ADA) creator Charles Hoskinson thinks Elon Musk “has each intention” of integrating crypto into Twitter.
At a Net Summit Occasion this month, Hoskinson predicted that Musk’s Twitter possession will carry crypto to 200 million individuals.
He speculated that Twitter may combine with considered one of Musk’s favourite cryptos, Dogecoin (DOGE), however famous that DOGE’s know-how in the intervening time couldn’t scale to deploy to 200 million individuals.
Hoskinson stated “it will be a number of enjoyable” to make Dogecoin a sidechain of Cardano or at the least construct a bridge between the 2 tasks to assist DOGE scale. He additionally, nevertheless, speculated that Binance’s $500 million funding in Musk’s Twitter takeover had one thing to do with competing for that function.
“I don’t have any info on it, but when I needed to guess, I believe that’s what Binance is pushing for… You set a half-billion {dollars} into it, that’s a reasonably large test measurement if it’s only a passive funding.
I believe there’s each intention to be part of the crypto dialog. You’ll be able to both be a part of the infrastructure aspect, the liquidity aspect, as a regulated monetary actor – there’s a litany of issues you are able to do. And for a platform as giant and pervasive as Twitter, you want all the above…
You want pockets options, you want exchanges, you want algorithms to curate info [and] you want good contract capabilities. NFTs [non-fungible tokens] may play a serious function since you may symbolize an account or info as an NFT.”
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