Binance and Twitter Collaboration: The biggest cryptocurrency exchange is creating an internal team to focus on how crypto can help Twitter.
Binance is creating an internal team to help Twitter fight bot accounts using blockchain and crypto, the exchange confirmed to Decrypt on Friday.
The world’s biggest cryptocurrency exchange today announced itself as an equity investor in Twitter, pledging $500 million towards helping bridge social media and news to Web3.
Elon Musk on Thursday completed a $44 billion acquisition of Twitter. The world’s richest man and CEO of electric car company Tesla have repeatedly complained about spam accounts on the social media platform.
“Binance is creating an internal team to focus on ways that blockchain and crypto could be helpful to Twitter and actively brainstorming plans and strategies that could help Elon Musk realize his vision,” a Binance spokesman told Decrypt.
“For example, how can we build on-chain solutions to address some of Twitter’s issues, such as the proliferation of bot accounts in recent years?
We are in the early stages now and still figuring out a plan.”