• The CEO of Discord has hinted at integrating Ethereum via wallets such as MetaMask

  • Discord’s founder and CEO, Jason Citron, has hinted that the chat app may integrate the Ethereum network through wallets such as MetaMask.

    Citron posted a screenshot of Discord connecting to Ethereum in a tweet early Tuesday, saying “probably nothing” — a phrase commonly used to mean “it’s probably something.”

    If Ethereum is successfully integrated into Discord, the app’s millions of users will be able to send crypto to one another, and Discord may be able to monetize the offering through transaction fees generated by a native token swap feature.

    Citron’s tweet was in response to a tweet from Packy McCormick, the founder of Not Boring Capital and the Not Boring newsletter. McCormick tweeted the most recent issue of his newsletter, in which he stated that Discord, with its 150 million monthly active users, could play web3.

    According to reports, Discord conducted a survey in August asking users about a “Discord-native crypto wallet,” implying that every Discord account could come with a crypto wallet.

    However, according to McCormick, Discord currently lacks crypto skills. However, he stated that it could acquire a crypto wallet and the team behind it, or it could hire a team to build the wallet on its own.

    “A wallet would be a bold entrée that facilitates even bolder moves if Discord is serious about web3,” McCormick said.

    Microsoft was said to be in advanced talks to acquire Discord for $10 billion or more earlier this year, but those talks were reportedly halted as Discord prepares for an IPO.

    Discord was founded in 2015 and has since raised over $980 million in total funding. When it raised $500 million in a new funding round in September, it was reportedly valued at around $15 billion. Target Global, Bessemer Venture Partners, Index Ventures, Accel, Tencent, Coatue Management, Fidelity Management & Research, and Franklin Templeton Investments are among its investors.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0