Binance CEO Changpeng Zhao reveals that Twitter monetization, free speech and Web3 integration swayed his decision to invest in the microblogging platform.
The a16z crypto general partner is not new to Twitter. He wrote on his LinkedIn page that he worked at Twitter for three years, between 2017 and 2019.
Reports showed that Bankman-Fried was supposed to contribute to Musk’s project to buy Twitter. However, the FTX CEO did not become a part of it.
In the case of Elon Musk and Twitter, speculations have hinted that the world’s richest man will sack as many as 75% of all his workers.
Elon Musk’s Twitter acquisition has set the DOGE price on fire. Cardano founder Charles Hoskinson proposes making Dogecoin a Cardano sidechain for integration into Twitter.
A part of the new blockchain-based solutions that Binance will be exploring for Twitter may also entail expanding this service.
The new update, which is still in the beta stage of examination, presently functions with four marketplaces.
CZ noted Binance’s excitement at being able to contribute to Musk’s vision for Twitter.
While ad revenue has been slumping in recent times, Elon Musk said he is committed to making the social media firm healthy again with a number of monetization features.
While Meta’s losses have been ballooning fast, company chief Mark Zuckerberg appeals for patience during its Metaverse transitions. He also remains confident that all of the company’s bets will pay-off in the long term.
The tech billionaire said that Twitter would help accelerate his X.com app, an all-in-one platform like WeChat.
The last six months have been an experience of back and forth on the deal for both Elon Musk and Twitter.
An internal document has shown that the number of active users on Twitter is continuously reducing and could affect revenue.
While there are concerns that Elon Musk may be supporting Russia’s stance in the war with Ukraine, the administration is also worried about the source of his funding.
While Elon Musk was delaying his Twitter buyout offer, a Delaware judge gave him a period until the 28th of October to close the deal