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Twitter Crypto News: 11 Things to Know About Twitter’s Plans to Decentralize Social Media

Twitter (NYSE:TWTR) is heating up talk in the crypto space with plans to expand into the market beyond just dealing with tokens.

Let’s take a look at recent Twitter crypto news below.

  • Tess Rinearson is the source of today’s Twitter crypto chatter.
  • She revealed in a series of Tweets explaining her new position with the company.
  • Rinearson is leading a team focused on crypto, blockchains, and other decentralized technologies.
  • That includes figuring out “what crypto can do for Twitter, as well as what Twitter can do for crypto.”
  • Among those goals is diving into supporting creators that want to use “decentralized apps to manage virtual goods and currencies.”
  • Another long-term goal of the team is “exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.”
  • The team will also work alongside Bluesky, which is another project from Twitter focused on the future of decentralized social media.
  • Rinearson closes out her series of Tweets with a call for employees.
  • She says that Twitter is looking to fill engineering and product roles on the crypto team.
  • It’s also worth noting that Rinearson won’t be relocating to Twitter HQ in California.
  • Instead, she’ll remain in Berlin and plans to build a “distributed and cross-cultural” team.

TWTR stock was down 1.5% as of Wednesday afternoon and is down roughly 3.2% since the start of the year.

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