Twitter Inc co-founder TWTR and its former CEO Jack Dorsey plan to create a new decentralized network that will focus on Bitcoin BTC / USD. With his subsidiary Block Inc SQ TBD, Dorsey aims to build Web5 based on bitcoin and believes that it will play an integral part in the evolution of the Internet.
Following Dorsey’s announcement, Twitter is optimistic about the idea. One of his followers, @Namcios, tweeted about TBD and Web5.
1 / Jack Dorsey’s Department @ TBD54566975 has just announced that it is building “Web5”.
This new decentralized network uses #Bitcoin to give users back control of their data and identity – once and for all.
Here’s a topic with everything you need to know … pic.twitter.com/TpW8OvuyKX
– Namcios (@namcios) June 10, 2022
Others in the crypto community also talked about the plan on Twitter. For example, user @wandrinstar tweets that if Bitcoin can create web5, then Dogecoin DOGE / USD can also create web69.
Read also: Elon Musk shares a video from DOGE that “explains everything”
If Jack and Bitcoin can create web5, then Dogecoin can create web69
– Wandrinstar (@wandrinstar) June 10, 2022
In response, Dorsey asked about the reaction of Tesla Inc CEO Elon Musk.
your move @elonmusk
– jack (@jack) June 10, 2022
Musk, who was a big defender of the meme coin, responded with fiery emojis.
web69 is 🔥🔥
– Elon Musk (@elonmusk) June 11, 2022
Musk’s support for Dogecoin continued, even as the price of the cryptocurrency fell to new lows in 52 weeks. Last month, he announced on Twitter that SpaceX products would soon be available on Dogecoin. DOGE was trading at $ 0.0662 on Sunday morning, down nearly 9% in the last 24 hours.
Photo: Created with images from the TED Conference Ministério Das Comunicações and Orde Saunders in Flickr
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