If you’ve been following Discord, you’ve probably been hearing that there’s a lot of talk around about the company’s plans to acquire NFT hatmaker Techcrunch. Now we’re learning that the acquisition talks have been put on hold and that the company is instead planning to integrate with both crypto wallets and NFT tools. The company is also listening to its community and taking suggestions to make its platform better.
Integration with crypto wallets
Crypto wallets are an important part of storing and managing crypto assets. They allow users to access, view and trade their cryptocurrencies. Wallets are software applications that are available for mobile and desktop devices.
Crypto wallets come in many forms. From complex offline hardware-based wallets to easy-to-use online web wallets offered by leading crypto exchanges.
There are also coin-specific wallets that help facilitate fast payment transactions. In addition, there are light clients that use less resource than their standard counterparts.
While some features of a crypto wallet might seem obvious, it’s important to understand the difference between a hot wallet and a cold one. These two types of wallets differ in security and convenience.
One of the most basic features of a crypto wallet is the ability to store private keys. These keys are akin to the private keys in a physical wallet, but are stored in an encrypted form on the blockchain.
Acquisition talks ended
Discord is an online communication platform that allows users to chat, organize voice conferences and more. It operates on Windows, iOS and Android. The app has over 130 million daily users, generating around 130 million dollars in revenue last year.
There have been several companies interested in buying Discord, including Microsoft, Tencent, Index Ventures and Greenoaks Capital. However, after a tumultuous year, Discord has opted for the independence route.
As Discord continues to grow, the company has had to deal with server growth issues. To address this problem, Discord has invested in new technology, including artificial intelligence software to monitor networks. Sentropy, which was acquired in July, will provide the tools for monitoring Discord servers. This is one way to ensure that harassment and other issues do not impede its growth.
Although Discord has resisted announcing its latest developments, it has been in talks with multiple interested parties. During this time, it also changed its color palette and logo. Originally, Discord was a product targeted at gamers, but its popularity has grown to include other users.
Plans to add NFT tools
The NFT market is thriving, and investors are eager to find the best tools. These tools help buyers identify deals that can be turned into a profit.
There are a few free and paid NFT tools. Some of these services provide excellent inventory. Others offer marketplaces and premium options.
A lot of these projects already have their own Discord channels. The platform is a great way to communicate with your followers and get to know them. Moreover, many NFT projects track sales through the platform.
Discord is one of the most important platforms for NFT communities. As a result, a lot of NFT projects have chosen to use it as their main platform.
Some of the features you can enjoy with Discord include messaging, community management, video marketing, and content marketing. In addition, it’s integrated with MetaMask and WalletConnect. However, it’s not clear yet if the company will also integrate with crypto wallets.
Listening to its community
Discord has paused its crypto wallet integration work, and is now listening to its community. According to the company’s founder, Jason Citron, the company is now evaluating the values of its community. This is an interesting move, as Discord already has a de facto home for NFT communities. However, some Discord users have expressed concern about crypto scams and the environmental impact of mining.
Discord has integrated with various types of crypto products, including MetaMask, WalletConnect, and Twitch. Although Discord has not released any details about its future plans, it is believed that the company is looking to build a foothold in the Web3 space, the next phase of the internet. Web3 will be defined by digital goods, a decentralized wave of adoption, and ownership-based virtual identities.
Conclusion
In response to Discord’s tweet about integrating its platform with nonfungible tokens (NFTs), many Discord users were livid. Some criticized the concept, while others threatened to cancel their Nitro subscriptions. Eventually, the company walked back its crypto-integration plans, saying that its “focus is on expansion as a standalone company.”
