Despite his own company’s evident value in the market’s second-largest cryptocurrency, Twitter CEO Jack Dorsey has once again displayed his intense allegiance to Bitcoin by allegedly slamming Ethereum.
Twitter unveiled its own set of non-fungible tokens today (NFTs). NFTs are one-of-a-kind digital tokens that may be used to represent just about anything online, such as artwork, audio, or video material. They are usually developed on the Ethereum network.
Following the announcement of the Twitter NFTs, “packanimalETH,” a self-described “developer and investor,” tweeted that it was “only a matter of time before” Dorsey bought in Ethereum.
And Dorsey answered emphatically, “No.”
Dorsey has previously stated that he will only invest in Bitcoin, the most valuable cryptocurrency by market capitalization. “All of the other coins don’t factor in at all for me,” Dorsey said earlier this month at a Bitcoin conference in Miami. He’s still set on making Bitcoin “the native money of the internet,” and he refuses to collaborate with any other cryptocurrencies or their networks, he added.
Dorsey, on the other hand, only sold his first-ever tweet as an NFT for $2.9 million in Ethereum in March.
Through an effort named Blue Sky, Dorsey has also stated that he wants to use blockchain to “decentralize” Twitter. But it’s unclear how Dorsey intends to accomplish all of this with Bitcoin alone.