Mark Zuckerberg and Meta Inc. shook the social media space when they announced a new text-based app, "Threads," which has taken the digital space by storm. It has been called Zuckerberg’s response to Elon Musk’s acquisition of Twitter, and in a matter of days, it already garnered 100 million sign-ups, showing Zuckerberg's undisputed prowess as regards the social media space.
The addition of Threads to the highly saturated space has its own pros and cons, but because it presents a fresh set of eyes, there are a lot of possibilities available for the taking. For content creators, brand influencers, and members of various communities, this will reshape their social media strategy, and the crypto community is not left out in this struggle to understand and adapt to Threads’ many spins.
This article will compare what Twitter offers the crypto community and what Threads has in store for the community to better understand which app will reign supreme in its service to the crypto community.
What Twitter Offers the Crypto Community
For a very long time, Twitter has served as the primary means of instant communication with anyone on your timeline, and this ability for users to join conversations in real time has proved extremely invaluable for the crypto community, as a lot of the people interested in crypto are also active members of Twitter.
This means easy dissemination of token-related information, airdrops, the creation of Twitter Bots for tips, hashtags that make it easy to assemble, etc. Thus, Twitter has been everyone's favorite platform to keep up with the goings-on in the crypto world.
In addition, the algorithm Twitter works with reinforces your frequent searches, your favorite interactions, and information from accounts you follow, making it a lot easier to build a community on Twitter, leading to the rise of crypto communities. Unlike Discord, where you must join multiple subreddits to get information about various topics, Twitter aggregates all your favorite communities into one seamless timeline.
What Threads Will Offer the Crypto Community
Aside from the simple fact that Threads is linked to your Instagram account, it seems to offer some of the things that make Twitter an elite app: it has a timeline that shows the people you follow, and their texts can be liked, replied to, and reshared.
However, unlike Twitter, it does not have a trends page (yet), and the hashtags are not live tags that lead to a general conversation about events happening in real-time.
There is one major pointer that could make Threads an interesting one to watch down the line: its promised decentralization feature to interoperate with the ActivityPub protocol. Although, due to privacy concerns, which are largely founded, Mastodon has announced they will not federate with Threads for now.
Regardless, the general crypto community is keeping an eye on both apps, on their decentralization and censorship policies, which are important for Web 3.0, the future of the internet. Indeed, Elon Musk campaign on his Twitter takeover was centered around free speech; however, the platform has since fallen short of this, as competitors have been suspended from the platform, likewise other journalists and reporters with opposing views.
So, it'd come as no surprise if many people in the crypto community do not have high hopes for Threads as an alternative, especially amid Meta's unending scandals of unlawful data mining.
However, if Threads can fufil its commitment to decentralization and interoperability, it could inform a large movement of the crypto community from Crypto Twitter to Crypto Threads, so fingers crossed.
How to Take Advantage of Both Apps With Cwallet
As an avid social media user, the more apps, the merrier. It’s up to everyone to take full advantage of what the apps offer for as long as they do.
The importance of Threads for the crypto community is a wider adoption of blockchain technology and a more crypto-savvy audience.
It is important to work with both apps to grow your audience and to take advantage of the many goodies they offer the crypto community. As a Twitter or Threads influencer, you can use Cwallet to grow your following, receive tips from your audience, and monetize your content.
What is Cwallet?
Cwallet is a cryptocurrency wallet that combines custodial and non-custodial functionality. You can manage and trade over 800 cryptocurrencies in a single location with this combination of an on-chain and off-chain wallet, providing security, simplicity, and flexibility.
More importantly, Cwallet allows you to manage your tokens via your Telegram, Discord or Twitter account, to arrange airdrop games for your community, tip tokens to people with their usernames, and generally infuse socials to your crypto experience.
You can also manage your entire crypto account with Telegram chatbots, so you can execute instant purchases, sales, deposits, withdrawals and swaps, without incurring any costs
With the rise in signups on Threads, it has the potential to become a major community base for crypto, and if it fulfills its promise of interoperating with the ActivityPub protocol, it could be a major driver of blockchain adoption, leading to a rise in the valuation of several crypto tokens.
However, for now, Twitter remains the leader of the cryptosphere. The many advantages of both apps can be fully utilized on Cwallet, with its many features that encourage creators, influencers, and brand owners.
So, if Twitter is already a revenue stream for you as an influencer or creator, don't limit yourself. Sign up on Cwallet today, and expand your earnig potential across multiple platforms!
The more, the merrier!