{"id":126447,"date":"2023-07-24T04:20:04","date_gmt":"2023-07-24T04:20:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/elon-musk-to-rebrand-twitter-to-x-but-crypto-twitter-has-other-ideas-crypto-news\/"},"modified":"2023-07-24T04:20:06","modified_gmt":"2023-07-24T04:20:06","slug":"elon-musk-to-rebrand-twitter-to-x-but-crypto-twitter-has-other-ideas-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/elon-musk-to-rebrand-twitter-to-x-but-crypto-twitter-has-other-ideas-crypto-news\/","title":{"rendered":"Elon Musk to rebrand Twitter to X, but Crypto Twitter has other ideas\n – Crypto News"},"content":{"rendered":"
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Twitter users, along with the avid crypto community, may soon see a very different version of the social media app \u2014 which is set to ditch its iconic blue bird logo for an “X” as part of a major rebrand. <\/p>\n

Crypto Twitter hasn’t been particularly thrilled with some of the changes, however. <\/p>\n

In a series of tweets on July 23, Musk hinted that the platform would be rebranded to “X” as early as Monday, an early step in its eventual transformation<\/a> to an “everything app.”<\/p>\n

The rebrand could involve changing Twitter’s color scheme to black, the removal of Twitter’s blue bird logo, and a name change to X, according to Musk’s various tweets and a poll.<\/p>\n

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And soon we shall bid adieu to the twitter brand and, gradually, all the birds<\/p>\n

\u2014 Elon Musk (@elonmusk) July 23, 2023<\/a><\/p><\/blockquote>\n

The website used to access the social media platform may also change, with Musk confirming that X.com, the online address for his 1999-founded financial services start-up that sold to PayPal, is now redirecting to Twitter.<\/p>\n

According to the Wayback Machine, prior to the change, x.com was a mostly blank website that simply displayed the letter “x.” Prior to that, it had redirected to Musk’s Boring Company website. The website URL also had a long stint in the early 2000s pointing to PayPal and even had a stint displaying eBay’s corporate site. <\/p>\n

In March, Musk also established the tech firm<\/a> X Corp. as Twitter’s parent company partly to realize his vision for the WeChat-like app.<\/p>\n

Crypto Twitter calls rebrand decision ‘insane’<\/h3>\n

However, not many Crypto Twitter users have been thrilled with the proposed changes. Twitter has been a stronghold for the crypto community with over 1 billion tweets about crypto between 2020 and 2022 according to a March Hypebeast r<\/a>report<\/a>,<\/p>\n

Trust Machines marketing chief Dan Held said<\/a> Twitter was “iconic,” adding Musk was “insane” to rebrand to X.<\/p>\n

Others have been resistant to the proposed X rebrand. crypto blogger Tiffany Fong<\/a> said she’s “still callin’ it twitter” which podcast host Peter McCormack<\/a> agreed with.<\/p>\n

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Tiffany<\/p>\n

\u2014 Peter McCormack \u2620\ufe0f (@PeterMcCormack) July 23, 2023<\/a><\/p><\/blockquote>\n

There were, however, some supporters of the idea saying the super-app has been Musk’s vision since leaving PayPal and pointed to Musk’s October tweet<\/a> that implicitly said his Twitter purchase was the accelerant to creating X. <\/p>\n

Others have been pitching their own ideas on how Musk should move ahead with X. Axie Infinity co-founder Jeff \u201cJiho\u201d Zirlin said to keep the Twitter name but add a crypto wallet called X to allow users to spend and tip platform creators.<\/p>\n

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\/imagine <\/p>\n

Keep it named twitter. Add a wallet called X. Let people spend and tip. Keep the new creator earnings within the twitter community as a circular economy. <\/p>\n

Add bitcoin and eth transfers to the wallet. <\/p>\n

Mass adoption. pic.twitter.com\/4lcxlPnW15<\/a><\/p>\n

\u2014 The Jiho.eth (@Jihoz_Axie) July 23, 2023<\/a><\/p><\/blockquote>\n

Related: <\/em><\/strong>Twitter to impose daily limits on DMs for unverified accounts<\/em><\/strong><\/a><\/p>\n

Meanwhile, in a July 23 post, Twitter chief Linda Yaccarino added more clues about X, saying it would have “unlimited interactivity,” support multiple media formats, and feature payments and banking \u2014 a feature that Musk has reportedly said he wants to support crypto<\/a>, <\/p>\n

Without specifying how Yaccarino said the upcoming app would also be powered by artificial intelligence, though Musk has previously said AI would be used to detect manipulation of public opinion.<\/p>\n

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X is the future state of unlimited interactivity \u2013 centered in audio, video, messaging, payments\/banking \u2013 creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.<\/p>\n

\u2014 Linda Yaccarino (@lindayacc) July 23, 2023<\/a><\/p><\/blockquote>\n

The rebrand comes as Musk admitted on July 15 that Twitter’s advertising revenue had dropped by 50% and the firm had a heavy debt load, although it’s unknown over what timeframe the revenue drop occurred.<\/p>\n

Magazine: <\/em><\/strong>Tokenizing music royalties as NFTs could help the next Taylor Swift<\/em><\/strong><\/a><\/p>\n