Cardano (ADA) creator Charles Hoskinson thinks Elon Musk “has each intention” of integrating crypto into Twitter.
At a Internet 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 one in every 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 mentioned “it might be lots of enjoyable” to make Dogecoin a sidechain of Cardano or not less than 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 feel 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 feel there’s each intention to be part of the crypto dialog. You may both be a part of the infrastructure facet, the liquidity facet, 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 the entire above…
You want pockets options, you want exchanges, you want algorithms to curate info [and] you want sensible contract capabilities. NFTs [non-fungible tokens] may play a serious function since you may signify an account or info as an NFT.”
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