Musk Enters Twitter, Associated Concept Tokens Stand Alone in Bear Market

evelynnn

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Sep 20, 2022
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On October 27, US Tesla CEO Elon Musk completed his $44 billion acquisition of Twitter, finally ending the six-month tug of war. Twitter completed its delisting on October 28, according to the New York Stock Exchange. October 28th. Musk has been appointed CEO of Twitter. Musk plans to cut about 3,700 jobs, roughly half of the social media company's workforce, according to people familiar with the matter.

Surprisingly, the price of the cryptocurrency Dogecoin (DOGE) shot up immediately after Musk bought Twitter. Data from
MEXC, the world's largest cryptocurrency asset exchange, show that the price of DOGE increased from 0.05 to 0.158 after the acquisition of Twitter was announced. A rise of 187.27% in a short period of time.

Musk always wanted to develop a super application like China's WeChat. It not only has comprehensive payment functions and can solve various life needs from a single source, but also constitutes advanced communication functions, a distribution mechanism for content he creators, and easy operation. Access the interface. The Twitter takeover will become a platform for free speech. It could also accelerate the development of Musk's planned X-App, which will support various digital currencies such as Bitcoin, Ripple and DOGE. Twitter reports that as a chip he supports Bitcoin and Ether and has added support for NFTs.

1、Mask Network(MASK)
Mask Network is a protocol that allows users to share encrypted messages on Facebook and Twitter. It acts as a bridge between the internet and the decentralized web. Introduced in July 2019, the protocol allows encrypted information to be shared on Twitter and Facebook. In 2021, Mask Network announced the launch of the Twitter NFT Gallery feature with v1.36.6 plugin that can automatically identify ENS domain names and ERC20 addresses. The Mask extension allows users to view her NFT's price directly on Twitter and bid immediately.

2、RSS3(RSS3)
RSS3 is an open protocol for content and social network design in the Web3 era. RSS3 grew out of the popular RSS project RSSHub on Github. Inspired by the RSS protocol, the RSS3 team proposed a new design standard derived from his original RSS standard. It implements decentralized data ownership across systems by introducing cryptographic-based authentication and linking between files. You can support a variety of networks and build "evil" content and social networking protocols.

3、Arweave(AR)
Arweave is a decentralized cloud storage solution aimed at disrupting the traditional storage market with blockchain. Unlike other cloud storage solutions, Arweave offers the security benefits of distributed storage. Users can also opt for a one-time payment for persistent storage services.

Instagram will roll out a new feature that permits NFT information display on Polygon, according to Meta's official Twitter announcement. This feature is powered by Arweave, and RSS3 recently announced that it had begun Arweave-related adaptation work. Information about NFT will be shown on social media after the adaptation is finished.