Over 2 million Twitter users responded, of which 70% believed Twitter did not adhere to the principle of free speech.
Musk, Twitter, and social media
The Tesla CEO’s purchase of a stake in Twitter comes as the social media platform is exploring the possibilities of decentralization.
In November last year, Twitter announced a new, dedicated crypto team whose chief responsibility is to explore possibilities in the decentralized apps (dapps) space.
Twitter Crypto is led by Tess Rinearson, who Twitter said at the time was tasked with setting “strategy for the future of crypto at (and on) Twitter.”
The team is also tasked with exploring ways to incorporate decentralized technologies into Twitter infrastructure itself.
Crypto enthusiasts have also been calling for a move towards decentralized social media platforms.
In November 2021, Solana co-founder Raj Gokal said he needed to be “freed from centralized social media,” as he announced a $100 million initiative for Web3 social media technology alongside Reddit’s co-founder Alexis Ohanian.
In December last year, a thought experiment penned by Orange Paper suggested that if the invention of Bitcoin had preceded that of Twitter, the technology that underpins the flagship cryptocurrency would have caused Twitter’s evolution to go down a path of decentralization from much earlier in its lifespan.
Want to be a crypto expert? Get the best of Decrypt straight to your inbox.
Get the biggest crypto news stories + weekly roundups and more!