What will Crypto Twitter look like after the acquisition? Blockchain leaders share their insights

Many stakeholders have expressed a desire to see more decentralization on the go-to social media platform for the industry blockchain.

Nearly seven months after Tesla CEO Elon Musk first made a tender offer to buy social media giant Twitter, the $44 billion deal has finally come to an end , resembling much of the original terms despite a standoff between the companies. As a platform for blockchain news and announcements, marketing, and developer-user communications, crypto enthusiasts have already started speculating about Twitter's future now that it's between the hands of the billionaire tech entrepreneur.

At the annual Web Summit in Lisbon this week, Changpeng "CZ" Zhao, CEO of cryptocurrency exchange Binance, said the first feature he would like to see Twitter implement is the acceptance of crypto payments. Binance invested $500 million in the acquisition, and CZ cited the platform's support for free speech and monetization potential as key reasons he and the exchange decided to participate in the acquisition. 'OK.

“The first step is to simply accept the crypto. In order for the $8 verification to be paid in fiat, you need to integrate more than 200 payment processors because Twitter has users all over the world. But if you use the cryptography, you just add it, and then you're done."

CZ also stated that "expecting to use a tool created by someone else for free is just not... a free market. Think of all the freemium social/chat products. This came in response to a discussion initiated by United States Representative Alexandria Ocasio-Cortez regarding whether or not users should sign up for a subscription plan in order to voice their opinions on...