29. March 2024

Twitter Coins Launch: No Signs of Crypto or Blockchain Technology

• Newly leaked images of Twitter’s secret in-development digital asset, “Twitter Coins,” show no indication of crypto or blockchain technology.
• Tech bloggers Jane Manchun Wong and Nima Owji shared the images, which indicate the planned uses of the in-app digital currency.
• Twitter CEO Elon Musk had previously expressed interest in integrating crypto with the social media platform.

Twitter recently revealed its plans to launch its own digital asset, known as “Twitter Coins,” which has sparked a lot of excitement and speculation among the crypto community. The project was first leaked in early December by tech bloggers Jane Manchun Wong and Nima Owji, who shared images of the project’s development. Many in the crypto community have been hoping that the secret “Twitter Coins” project would involve cryptocurrency in some way, particularly due to Twitter CEO Elon Musk’s affiliation with Dogecoin.

However, the newly leaked images of the project’s development shared by Wong and Owji on Jan. 10 were devoid of any mention of crypto or blockchain technology. Owji tweeted that no leaks so far have provided any indication that crypto will be involved in Twitter Coins. The images instead provide more light into the planned uses of the in-app digital currency. It appears that the currency will be used to support creators on the platform and will be used to purchase digital goods and services within the app.

The launch of this new digital currency has been met with a lot of excitement from many in the crypto space. It is seen as a major step forward in terms of mainstream adoption of digital assets, and many are optimistic that this could lead to further integrations of crypto with the social media platform. Musk had previously expressed interest in integrating crypto with Twitter, and this new development could be a step in that direction.

At this point, however, it is unclear whether or not the “Twitter Coins” project will involve crypto or blockchain technology in any way. Nevertheless, the launch of the digital asset is sure to have a major impact on the way people use the social media platform, and it will be interesting to see how the project develops in the coming months.