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 deliver crypto to 200 million folks.
He speculated that Twitter might combine with one among Musk’s favourite cryptos, Dogecoin (DOGE), however famous that DOGE’s expertise in the mean time couldn’t scale to deploy to 200 million folks.
Hoskinson mentioned “it will be numerous 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 data 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’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 data [and] you want good contract capabilities. NFTs [non-fungible tokens] might play a significant function since you might signify an account or data as an NFT.”
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