"Is social media determining cryptocurrency popularity, is crypto Twitter on the horizon? "

the_phallus_of_joy
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"Is social media determining cryptocurrency popularity, is crypto Twitter on the horizon? "

I bet that most of us are using Twitter and we're there getting information about the crypto scene, crypto predictions, NFT use, and new collections. It's like that over a night Twitter became the main crypto social platform. Do you have that feeling too?

Musk now owns a social network that is used by a large and active online community of cryptocurrency supporters, among whom he has been one of the most outspoken and strange voices. The current health and direction of Twitter under Musk could have a significant impact on a service where crypto promoters promote tokens, developers coordinate software updates, and investors seek information.

We've all seen Musk demonstrate his ability to move cryptocurrency. He is well-known for causing wild fluctuations in the price of dogecoin simply by mentioning the token. There's also the fact that cryptocurrency was used to fund Musk's takeover of Twitter. Binance, a cryptocurrency powerhouse, invested alongside Musk, giving it a say in reshaping a major social network.

I'm definitely following the development of "crypto Twitter", since I'm curious how will Twitter think about launching its Web3 experiments, I heard that there was a proposal to use NFTs to help establish users’ identities.

There are actually only a few great uses of NFTs. First, I've noticed that NFTs are most useful in the gaming industry, where their purpose is best served. If you've ever been to WAM, you'll know that it has the highest potential for NFTs, as there are numerous tournaments where you can compete for great prizes, which may be NFTs.

The second application I adore is the NFT ticketing system, whether for a sporting or musical event. Still, I believe that there will be many real-world applications for NFTs, which is why I'm looking forward to Musk's plans for implementing NFTs on Twitter.

What do you expect from crypto Twitter?