Elon Musk's Plan to Rebrand Twitter as X Faces Opposition from Crypto Twitter
%20(1).jpg "Elon Musk's Plan to Rebrand Twitter as X Faces Opposition from Crypto Twitter") |
| Elon Musk's Plan to Rebrand Twitter as X Faces Opposition from Crypto Twitter (Image Source: cointelegraph.com) |
According to a proposition put forth by one of the co-founders of Axie Infinity, the idea involves retaining Twitter's current platform while introducing a dedicated cryptocurrency wallet named "X."
This wallet would serve the purpose of facilitating crypto-based transactions for spending and enabling users to support creators through tipping mechanisms.
Elon Musk Implements Temporary Read Limits on Twitter, Prompting
In the near future, Twitter enthusiasts and the passionate crypto community are in for a significant transformation as the popular social media platform considers a striking overhaul.
The beloved blue bird logo, long synonymous with Twitter, is slated to be replaced by a bold and fresh "X" as part of an ambitious rebranding endeavor.
This impending change has captured the attention of users, sparking curiosity and excitement across the digital landscape.
The recent developments regarding Twitter's transformation haven't been met with unbridled enthusiasm within the Crypto Twitter community.
On July 23, a series of tweets from Elon Musk suggested that the platform might undergo a rebranding to become "X" as soon as Monday, marking the initial phase of its evolution into an "everything app."
This potential rebranding entails alterations such as a shift in Twitter's color scheme to black, the elimination of the familiar blue bird logo that we associate with the platform, and a complete name change to "X," as indicated by Musk's tweets and an accompanying poll.
Elon Musk is making significant changes to the social media platform's identity, including a potential alteration to the website used to access it.
Confirming this move, Musk revealed that X.com, the online address once associated with his 1999-founded financial services start-up (which later sold to PayPal), now redirects to Twitter.
As evidenced by the Wayback Machine, prior to this recent change, x.com used to be a relatively empty website with a simple display of the letter "x."
OpenAI Unveils Official ChatGPT Android App: Your AI-Powered Conversational Companion
Before that, it had redirected to Musk's Boring Company website, and during the early 2000s, it pointed to PayPal, and at one point, displayed eBay's corporate site.
%20(1).jpg "Elon Musk's Plan to Rebrand Twitter as X Faces Opposition from Crypto Twitter")
In March, Musk also introduced X Corp., a technology company that now serves as Twitter's parent company. This strategic move is partly aimed at realizing Musk's vision for a Twitter app with features similar to the popular WeChat platform.
Crypto Twitter Expresses Outrage Over 'Insane' Rebranding Choice
Nevertheless, the proposed changes by Elon Musk haven't garnered much enthusiasm among Crypto Twitter users. The platform has been a vital hub for the crypto community, witnessing an impressive one billion crypto-related tweets from 2020 to 2022, as reported by March Hypebeast.
Dan Held, the marketing chief at Trust Machines, expressed his sentiments, considering Twitter as an "iconic" platform and labeling Musk's decision to rebrand it as "insane."
Resistance towards the X rebrand has also surfaced within the crypto community. Renowned crypto blogger Tiffany Fong made it clear that she intends to stick with calling it "Twitter," a sentiment that found support from podcast host Peter McCormack.
The proposed changes seem to be stirring up varying opinions and reactions among those deeply invested in the crypto space.
Nevertheless, there were individuals who expressed support for the concept, citing that the creation of a super-app, labeled as "X," has been Elon Musk's long-standing vision since his departure from PayPal.
They refer to an October tweet by Musk, which hinted that his acquisition of Twitter was a crucial step towards realizing the ambitious project.
In the meantime, numerous others have been eagerly proposing their own ideas on how Musk should proceed with "X." Jeff "Jiho" Zirlin, the co-founder of Axie Infinity, suggested retaining the Twitter name while incorporating a crypto wallet named "X."
This integration would enable users to not only engage with the platform but also make transactions, such as spending and tipping, to support platform creators.
In a recent update on July 23, Linda Yaccarino, the Twitter chief, offered further insights into the mysterious X platform. She revealed that X would revolutionize user interaction, boasting "unlimited interactivity" and seamless support for multiple media formats.
Additionally, the upcoming app would incorporate payment and banking functionalities, aligning with Elon Musk's vision of supporting cryptocurrencies.
While the specifics were not disclosed by Yaccarino, she did hint that artificial intelligence would be at the core of the platform's operations.
It is worth noting that Musk had previously expressed his desire to utilize AI for detecting potential manipulation of public opinion on the platform.
Breaking News: ChatGPT's Arrival on Android Just Days Away! Secure Your Spot Now!
The convergence of AI and crypto support on X sets the stage for an intriguing development in the social media landscape.
%20(1).jpg "Elon Musk's Plan to Rebrand Twitter as X Faces Opposition from Crypto Twitter")
The decision to rebrand Twitter comes in the wake of an acknowledgment made by Elon Musk on July 15, where he revealed that the platform's advertising revenue had experienced a significant 50% decline.
Additionally, the company was burdened with a substantial amount of debt, although the specific period during which the revenue decline occurred remains undisclosed.
%20(1).jpg&description=Elon Musk's Plan to Rebrand Twitter as X Faces Opposition from Crypto Twitter){kind=link}
0 Comments