The crypto community ignores Threads, preferring the new social network "Twitter"
Date: 2023-07-16 Author: Karina Ziganova Categories: BLOCKCHAIN, IN WORLD
Despite the exponential growth of Threads, a competitor to Twitter, created by Meta Corporation (banned in the Russian Federation), a significant part of the crypto community remains loyal to Twitter.
According to NFT Gators, about 70% of crypto companies have not opened an account with Threads, despite the fact that more than a week has passed since the launch of the social network.
Threads has seen extraordinary growth in its user base, surpassing the 100 million mark in just a week after its inception. However, the restrained reaction of the cryptocurrency community indicates skepticism about the new platform.
Crypto enthusiasts prefer Twitter
Twitter has long been a favorite platform for crypto enthusiasts, giving rise to such specific subgroups as "crypto twitter" and "NFT twitter". According to NFT Gators, users post about 563,000 tweets with the hashtag #Bitcoin and 268,000 with the hashtag #Ethereum per week.
The company's analysis also showed that the level of engagement in Threads is significantly inferior to Twitter.
The growth prospects of the new social network may also be limited by issues such as the unavailability of the platform in continental Europe due to concerns about EU data privacy legislation and the lack of desktop versions.
The cryptocurrency community's cautious attitude towards Threads underscores Twitter's entrenched influence and popularity in the Web3 industry.
