Elon Musk Explores Blockchain-Based Social Media, Envisions Dogecoin Integration for Enhanced User Experience

Elon Musk Considers Developing a Blockchain-Based Social Media Platform

Elon Musk, the renowned entrepreneur and CEO of Tesla and SpaceX, is reportedly exploring the possibility of creating a social media platform based on blockchain technology. This platform would also incorporate payment systems.

Insights from Musk’s Biography

In a recently released excerpt from Musk’s biography, written by Isaacson, the author delves into one of Musk’s most controversial decisions – the acquisition of Twitter.

The Future of Dogecoin

The biography also explores Musk’s interest in Dogecoin (DOGE), a cryptocurrency that has gained his attention. It discusses the potential future of DOGE and its role in Musk’s ventures.

Musk’s Acquisition of Twitter Stock

After news of Musk’s acquisition of Twitter stock became public, he arranged a private dinner meeting with Twitter’s CEO, Parag Agrawal. While Musk appreciated Agrawal’s personality, he expressed doubts about his leadership style, stating that “What Twitter needs is a fire-breathing dragon, and Parag is not that.”

The Idea of a Blockchain-Based Social Media Platform

The day after the dinner meeting, Musk discussed the idea of a blockchain-based social media platform with his brother, Kimbal, during a lunch meeting. Musk found the concept intriguing and even considered incorporating Dogecoin as a payment option for the platform.

Musk’s Text to Kimbal

Following the meeting, Musk texted Kimbal, elaborating on the idea of “a blockchain social media system that integrates both payments and short text messages, similar to Twitter.”

No Native Token, but Payments with DOGE?

Musk clarified that he would not launch a native token on the platform. However, it remains uncertain whether he will implement payments on the platform using Dogecoin.