Twitter said last year that they were going to start letting people pay their favourite creators, just like you can tip streamers on Twitch. Now, the company has said that it will promote ideas that are funded with Ethereum, and it will help them get attention. The support for bitcoin, which they brought back in 2021, isn’t the only thing they support now.
Tipping on Twitter, for those who are unfamiliar with the concept, essentially provides producers with an extra source of income. If you enjoy a creator’s tweets and want to show your appreciation, you can leave a tip for them on Twitter. This is a one-time transaction, and you may send as often and as much as you like.
Given the company’s evident interest in blockchain technology, Twitter’s extension of cryptocurrency support isn’t surprising. Users who have signed up for Twitter Blue will be allowed to utilize NFTs as their profile images, according to the company.
It will be interesting to see how many people actually tip using cryptocurrencies. Because of the volatile nature of cryptocurrency, where the value can fluctuate substantially during the day, owning 1 ETH now may not be worth the same tomorrow.