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 folks.
He speculated that Twitter may combine with considered one of Musk’s favourite cryptos, Dogecoin (DOGE), however famous that DOGE’s expertise for the time being couldn’t scale to deploy to 200 million folks.
Hoskinson stated “it might be a whole lot of enjoyable” to make Dogecoin a sidechain of Cardano or a minimum of construct a bridge between the 2 initiatives to assist DOGE scale. He additionally, nonetheless, speculated that Binance’s $500 million funding in Musk’s Twitter takeover had one thing to do with competing for that position.
“I don’t have any data 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 fairly large test measurement if it’s only a passive funding.
I believe there’s each intention to be part of the crypto dialog. You may 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 the entire above…
You want pockets options, you want exchanges, you want algorithms to curate data [and] you want sensible contract capabilities. NFTs [non-fungible tokens] may play a significant position since you may characterize an account or data as an NFT.”
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