Categories: Sports

Why the CEO of the world’s largest crypto change backed Musk’s Twitter buyout • TechCrunch

[ad_1]

Binance’s CEO and founder, Changpeng Zhao, made headlines outdoors his typical wheelhouse of web3 as an investor in Elon Musk’s Twitter buyout. Zhao, who put in $500 million, instructed an viewers at Internet Summit in Lisbon, Portugal this week that he would contemplate becoming a member of the social media firm’s board if Musk requested him to take action.

However why is he desperate to become involved with the messy technique of working of a social media firm when that seemingly has little to do with crypto, Binance’s core enterprise? Primarily, what’s in it for the change?

We tried to reply that query on this Thursday’s episode of Chain Response, the place we unpack and clarify the newest in crypto information, drama and developments, breaking issues down block by block for the crypto curious.

You may take heed to the complete episode beneath:

On this episode, we additionally talked about:

NFT marketplaces similar to LooksRare and Magic Eden pulling the plug on creator royalties and the way the choices might have an effect on web3 artists

Talking of Zhao, he is among the audio system set to hitch us at our upcoming crypto occasion in Miami on November seventeenth, and we’ll you’ll want to ask him about his plans for Twitter. If you happen to’re occupied with listening to extra, you should utilize the promo code REACT for 15% off a Normal Admission ticket to the occasion.

Chain Response comes out each Tuesday and Thursday at 12:00 p.m. PT, so you’ll want to subscribe to us on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the motion.

[ad_2]
Source link

linda