Twitter Inc TWTR co-founder and its former CEO Jack Dorsey is planning to create a brand new decentralized net that will likely be centered on Bitcoin BTC/USD.
Together with his Block Inc SQ subsidiary TBD, Dorsey goals to construct Web5 primarily based on Bitcoin and believes it should play an integral half within the evolution of the web.
Following Dorsey’s announcement, Twitter is upbeat speaking concerning the concept. Considered one of his followers, @Namcios, tweeted concerning the TBD and Web5.
1/ Jack Dorsey’s @TBD54566975 unit has simply introduced it’s constructing “Web5”.
This new decentralized net leverages #Bitcoin to place customers again answerable for their knowledge and id – as soon as and for all.
This is a thread with all it’s essential know … pic.twitter.com/TpW8OvuyKX
— Namcios (@namcios) June 10, 2022
Others within the crypto neighborhood additionally spoke concerning the plan on Twitter. For instance, consumer @wandrinstar tweeted that if Bitcoin can create web5, then Dogecoin DOGE/USD can create web69 as nicely.
Additionally Learn: Elon Musk Shares DOGE Video That ‘Explains Everything’
If Jack and Bitcoin can create web5 then Dogecoin can create web69
— Wandrinstar (@wandrinstar) June 10, 2022
In response, Dorsey requested Tesla Inc TSLA CEO Elon Musk’s response.
your transfer @elonmusk
— jack (@jack) June 10, 2022
Musk, who has been a terrific advocate of the meme coin, responded with a fireplace emoji.
web69 is 🔥🔥
— Elon Musk (@elonmusk) June 11, 2022
Musk’s help for Dogecoin has continued whilst the worth of the crypto falls to new 52-week lows. Final month, he announced on Twitter that the SpaceX merchandise would quickly be out there in Dogecoin.
DOGE was buying and selling at $0.0662 on Sunday morning, down nearly 9% prior to now 24 hours.