Twitter Inc. will let users send and receive tips using Bitcoin as part of a broader push to help users make money from the service.<\/p>\n
Twitter also said Thursday that it\u2019s looking into authenticating users\u2019 nonfungible tokens — digital goods ranging from high art to pictures of digital apes.<\/p>\n
Some users already showcase NFTs on their profiles, but there\u2019s no easy way to authenticate if the person displaying a picture actually owns it.<\/p>\n
\u201cThere\u2019s this growing interest among creators to use apps that run on the blockchain,\u201d said Esther Crawford, a product executive building Twitter\u2019s creator features. \u201cWe want to help creators participate in the promise of an evolving decentralized internet directly on Twitter.\u201d<\/p>\n
The updates are part of a strategy at Twitter to court creators by giving them more ways to share their work on the service, and more ways to make money. Twitter has offered a tipping feature for months, but it has been in a limited test. On Thursday, the company said it\u2019s rolling out tipping globally. The company also offers some creators a subscription tool, called Super Follows, which lets them charge others on the service for exclusive content.<\/p>\n
Twitter Chief Executive Officer Jack Dorsey is a major Bitcoin enthusiast, often tweeting about the cryptocurrency and promoting it to his followers. He has said it could be the internet\u2019s first \u201cnative currency.\u201d He\u2019s also a big believer in decentralization — or taking control away from one single group or company and spreading it out among many people. Twitter has also funded a project called Bluesky, which is looking into building decentralized features for social media.<\/p>\n
Nonfungible tokens are a key part of that decentralized version of the internet, and have exploded in popularity and price this year. Daily NFT sales peaked on Aug. 28 at $267.6 million, according to tracker NonFungible. Many NFTs have sold for millions of dollars, and Twitter has created some NFTs of its own and given them away to users.<\/p>\n
\u201cWe recognize it is still early days for digital currencies, but we think that that\u2019s the future,\u201d Crawford said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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