Twitter owner Elon Musk plans to change the name of the social network to “X” and abandon the iconic blue bird in its logo, in favor of a black color scheme. On the wave of hype, unknown people created a number of thematic coins.
Twitter rebranding could take place as early as July 24th.
“Soon we will say goodbye to the Twitter logo and, gradually, to all the birds,” wrote the billionaire.
In addition, the social network site may move to a new X.com domain, registered back in the late 90s for one of Musk’s financial startups. Now it is already redirecting users to the microblogging platform.
The businessman’s proposed steps will kick-start the transformation of Twitter into a large ecosystemsimilar to WeChat. For the same purpose, in March, Musk founded the technology firm X Corp. as the parent company of the social network.
The crypto community reacted ambiguously to the idea of rebranding the popular platform – according to Hypebeast, more than 1 billion tweets about digital currencies were published on it from 2020 to 2022.
Trust Machines marketing director Dan Held called the decision to rename the “cult” Twitter “crazy” as “crazy”.
Crypto blogger Tiffany Fong and podcaster Peter McCormack declaredthat do not intend to abandon the use of the original name of the social network.
Others have offered their own vision for rebranding the platform. In particular, Axie Infinity co-founder Jeff “Jiho” Zirlin recommended keeping the name, but creating a cryptocurrency wallet under the “X” brand so that users can reward content creators.
More about the concept of “X” told the head of Twitter Linda Iaccarino. According to her, the social network will have “unlimited interactivity”, support several multimedia formats, as well as payment and banking functions. Without giving details, Iaccarino added that the updated application will work on the basis of artificial intelligence.
Against the background of the news about the upcoming Twitter update, unknown people launched a number of tokens under the “X” brand on decentralized exchanges. Their quotes range from $0.00000026 to $0.21.
Recall that on July 1, Elon Musk introduced “temporary” limits on viewing tweets. According to the businessman, the decision is related to the “extreme level” of data parsing and system manipulation. He did not name a date for lifting the restrictions.
Against this background, lesser-known microblogging applications began to gain popularity, and on July 4, it became known about Meta’s plans to launch an alternative to Twitter – the Threads application.
Twitter soon threatened to sue Meta Platforms over this initiative.
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