The question of who will serve on Twitter’s board of directors is still being debated.
Zhao discussed the proposal at a technological conference in Portugal.
The gigantic social media platform, Twitter, has seen rapid transformation since Elon Musk gained control.
And there’s more to come as Binance CEO Changpeng Zhao (CZ) says he’d consider joining the Twitter board if approached by the company’s new owner.
The $44 million purchase of the largest social network on the planet has been the subject of nonstop media coverage. Since the co-founder of Tesla Inc. took over as the platform’s new owner, there have been a number of leadership transitions. The question of who will serve on Twitter’s board of directors is still being debated.
Social Media and Web3
One of the most well-known cryptocurrency companies has recently shown interest in joining the innovative network. Binance CEO Changpeng Zhao has come clean about his willingness to comply with a request from Musk.
Zhao discussed the proposal at a technological conference in Portugal. The CEO revealed, “Elon’s still deciding about the board, if he asks me to do it I probably will.”
Throughout the whole difficult purchase process, Zhao has been on Musk’s side. Binance invested $500 million to make sure Elon Musk took over as CEO of the social media platform when the acquisition closed last week.
Zhao stated his intention for Binance to play a pivotal role in the development of Twitter’s support for cryptocurrencies. Binance will “play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology,” he said. Zhao is aware of the fact that there are more urgent reforms that need to be made first.