$105,074.00
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-1.08%Reading
Last night, Discord CEO Jason Citron shared a screenshot on Twitter of what appears to be a MetaMask wallet connectivity feature inside the popular messaging platform’s user settings.
MetaMask is one of the crypto industry’s most popular crypto wallets, boasting 10 million active users as of August this year.
Discord currently doesn’t support MetaMask, but the image has led many to believe that a major update to the platform is on the horizon. Citron also captioned the screenshot with the words “probably nothing,” so make of that what you will.
Citron’s tweet came as a response to a blog post called “Discord: Imagine a Place,” which was tweeted by blogger Packy McCormick yesterday.
Imagine a place...
- Built for gamers
- Home to everyone playing the Great Online Game
- Has 150 million MAUs
- Generates $130 million in revenue
- Is a web3 sleeper@mariogabriele & I teamed up on @discord. We imagine the possibilities...https://t.co/8bZRL6dQe8— Packy McCormick (@packyM) November 8, 2021
In the post, McCormick calls the platform “the coordination platform of choice for all manner of projects including NFTs, DAOs, crypto investing groups, and crypto startups.”
I don’t recall exactly when Ryan Bubinski started berating me about migrating to Discord. Most likely his Discord blitz began during one of our many-times-a-day Zoom meetings around three months ago. Now I live out my days hearing the sonar beep of Discord notifications every few minutes. And then I go to sleep and hear it in my bad dreams. Thanks a lot, Bubinski. Bubinski is our CTO and the person with whom I formulated the idea for Decrypt in early 2018. While we always knew we wanted to ma...
More relevantly, McCormick dedicates a section of his piece to discussing the idea of a “Discord-native crypto wallet.”
The same idea first surfaced in a survey back in August, when some users were asked: “Would you be interested in using Discord-native web3 like a Discord-native crypto wallet and giving us feedback?”
Logged into Discord to be greeted by a $DOGE /DeFi/NFT/Web3 survey.
Hinting a Discord native crypto wallet. pic.twitter.com/iSPsmFX6zS
— Hsaka (@HsakaTrades) August 18, 2021
McCormick reasons that a native wallet would be beneficial for the platform’s users and the platform itself, but he concluded that “it’s easier said than done, and Discord doesn’t currently have the crypto chops on its team to pull it off, but it could acquire a wallet and the team behind it or hire a team with the promise of unprecedented distribution.”
If we interpret Citron’s screenshot as hints of an upcoming MetaMask integration, then the team is clearly looking externally for its crypto needs.
In any case, such connectivity would be a boon to the various DeFi and NFT projects coordinating themselves on Discord servers today.
A Korean entertainment firm’s stock soared 143% on Wednesday, shortly after it vowed to allocate a good chunk of its new $500 million raise toward building a Bitcoin treasury—a corporate strategy that’s become increasingly popular among public companies as the price has risen in recent months. K Wave Media, which is listed on the NASDAQ, recently entered into an agreement to sell up to $500 million worth of its common stock to Bitcoin Strategic Reserve KMW, with the aim of reinvesting the procee...
Crypto exchange startup Rails said on Wednesday it has launched its trading platform after raising millions backed by investors including Kraken, CMCC Global, Slow Ventures, Round13 Capital, and Quantstamp. The $14 million raise brings the company’s total funding to $20 million to date, following a $6 million equity round completed earlier in March. Rails offers a hybrid model aimed at combining the execution speed of centralized platforms with the asset control and transparency of on-chain cust...
Energy infrastructure firm SolarBank is planning to add Bitcoin to its balance sheet, following a growing number of public companies that have begun accumulating the world's oldest cryptocurrency, but one analyst is warning that the strategy—first popularized by software firm Strategy— poses risks. In a note to investors on Tuesday, Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick reported Strategy imitators have doubled their Bitcoin holdings to just under 100,000 Bit...
