Image source: Bitcoin news
Andreessen Horowitz, a prominent venture capital firm also known as a16z, is reportedly helping Elon Musk following his acquisition of Twitter.
Sriram Krishnan
On Sunday afternoon, Sriram Krishnan, general partner of the crypto firm Andreessen Horowitz, shared a photo of Twitter’s San Francisco office.
The photo shows a note stating that Krishnan temporarily helped Elon Musk with “other great people.”
“I (and a16z) believe this is a hugely important company and can have great impact on the world and Elon is the person to make it happen,” he added.
Read also: Twitter indicates plans of charging for verification
Sriram Krishnan previously worked at Twitter between 2017 and 2019 in the San Francisco area.
He was responsible for several consumer products, including Twitter’s Events feature.
Krishnan’s LinkedIn profile also reveals his contribution to the number of users on the platform.
He helped grow the platform by more than 20% in two years.
Krishnan’s experience extends to several tech giants, including Facebook, Snap and Microsoft.
However, it remains to be seen which functions Krishnan will work on in his second stint with Twitter.
Web3
Andreessen Horowitz’s interest in the social media platform is in line with the company’s optimistic Web3 outlook.
Web3 is the next level of the internet, where users can own digital assets, use crypto, and regain control of their data.
In May, Andreessen Horowitz invested over $7.6 billion in cryptocurrency and blockchain-related projects.
The company remains optimistic despite crypto funds dropping 40% earlier this year.
However, it remains to be seen whether Twitter’s presence will steer the social media company in a Web3-friendly direction.
Read also: Instagram bug locks out thousands of users
Other notes
Binance invested $500 million in Musk’s purchase of Twitter to build a team to help curb bot activity.
Binance CEO Changpeng Zhao said he supports Musk’s acquisition because he is a “strong entrepreneur.”
“We want to make sure that crypto has a seat at the table when it comes to free speech,” said Zhao.
Binance CEO said he wants to help bring the platform to Web3 when Twitter is ready.
The social media platform has implemented some crypto integrations compared to Discord,
Additionally, Twitter implements address fields for Ethereum and Bitcoin wallets for the tipping feature.
The social media platform has also added NFT verification to turn profile pictures into hexagon shapes for Twitter Blue buyers.
Reference:
Andreessen Horowitz ‘temporarily’ helping Elon Musk with Twitter
