Elon Musk is rebranding Twitter to X, but Crypto Twitter has other ideas

Twitter users, along with the crypto enthusiast community, may soon see a very different version of the social media app — one that will replace the iconic blue bird logo with an “X” as part of a major rebrand.

However, crypto Twitter isn’t particularly enthused about some of the changes.

In a series of tweets on July 23, Musk indicated that the platform would be rebranded as “X” as early as Monday, his initial move. last change For an ‘Everything App’.

According to several tweets and a poll by Musk, the rebranding could include changing Twitter’s color scheme to black, removing Twitter’s blue bird logo, and renaming it to X.

The website used to access the social media platform may also change, with Musk confirming that the online address of X.com, his financial services start-up founded in 1999 that was sold to PayPal, now redirects to Twitter.

According to the Wayback Machine, prior to the change, x.com was a mostly blank website that displayed only the letters “x”. Earlier, it redirected to Musk’s Boring Company website. In the early 2000s the website URL contained a long term pointing to PayPal and even a term reflecting eBay’s company site.

Musk in March too established technology company X Corporation, as Twitter’s parent company, helped realize his vision of an app like WeChat.

Crypto Twitter calls rebrand decision ‘insane’

However, many crypto Twitter users are not thrilled with the proposed changes. Twitter has been a bastion for the crypto community, with over 1 billion tweets about crypto between 2020 and 2022 according to March Hypebeast. Rreports,

Dan Held, Trust Machines Head of Marketing Said Twitter was “iconic”, saying that Musk was “crazy” for rebranding the X.

Others were resistant to the proposed X rebranding. crypto blogger Tiffany Fung She added that she “still calls it Twitter,” regardless of who hosts the podcast. Peter McCormack date with.

However, there have been some proponents of the idea that the super app has been Musk’s vision since he left PayPal, pointing to Musk’s October do Which clearly stated that his Twitter purchases were the inspiration for making X.

Others have offered their own thoughts on how Musk should proceed with the X. AX Infinity co-founder Jeff “Jiho” Zierlin asked Twitter to keep the nickname, but add a crypto wallet called X so users can spend and tip platform creators.

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Meanwhile, Twitter chief Linda Yacarino added further clues about X in a July 23 post, saying it would have “limitless interactivity”, support multiple media formats, and include payments and banking – a feature Musk reportedly said he would like to see. wants to support crypto,

Without specifying how, Yacarino said the upcoming app would also be powered by artificial intelligence, although Musk has previously said AI will be used to detect manipulation of public opinion.

The rebranding comes after Musk acknowledged on July 15 that Twitter’s advertising revenue had declined by 50% and that the company was heavily in debt, although it is not known over what time frame the revenue decline occurred.

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