The world’s richest individual took to Twitter to jot down: “Has anybody seen web3? I can’t discover it.”
Has anybody seen web3? I can’t discover it.
— Elon Musk (@elonmusk) 1640064984000
Web3 refers to a decentralised on-line ecosystem based mostly on blockchain technology. Within the eyes of some it represents the subsequent evolution of the forex centralised internet, by which a handful of corporations act as gatekeepers. Apps and platforms constructed on Web3 received’t be owned by a single firm—they’ll as a substitute be owned by the customers themselves. In its present type, Web3 encompasses classes akin to cryptocurrencies,
non-fungible tokens (NFTs),
decentralised finance (DeFi), and decentralised autonomous organisations (DAO).
Jack weighs in
Former Twitter CEO Jack Dorsey.
Responding to Musk’s tweet, former Twitter CEO Jack Dorsey stated “it is someplace between a and z,” taking a dig on the enterprise capital agency A16z based by Marc Andreessen and Ben Horowitz.
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@elonmusk It’s someplace between a and z
— jack⚡️ (@jack) 1640065061000
Earlier within the day, Dorsey took to the social media platform he cofounded to precise his displeasure with Web3 expertise and the involvement of enterprise capital companies akin to Andreesen Horowitz, which he accused of making an attempt to “personal” Web3.
You don’t personal “web3.”The VCs and their LPs do. It can by no means escape their incentives. It’s in the end a centraliz… https://t.co/Rre1m6uAzc
— jack⚡️ (@jack) 1640058684000
“You do not personal ‘web3’,” Dorsey tweeted. “The VCs and their LPs do. It can by no means escape their incentives,” he wrote.
@jack Useless flawed.And likewise harmful since you pre-emptively stifle the hopes and goals of the numerous courageous peopl… https://t.co/oUVSTTqIIc
— Mike DAOdas (@mdudas) 1640059085000
The put up, which obtained greater than 20,000 likes and hundreds of retweets, additionally obtained some pushback with feedback akin to ” useless flawed” and “extremely disagree”.
@mdudas We have now greater points if a tweet stifles hopes and goals. Presently it’s not flawed. Critique may help repair,… https://t.co/QXRc8yeBJx
— jack⚡️ (@jack) 1640059360000
Responding to 1 such tweet, which accused him of preemptively stifling “the hopes and goals of the numerous courageous individuals shaping a really impartial web3”, Dorsey posted, “We have now greater points if a tweet stifles hopes and goals. Presently it’s not flawed. Critique may help repair, or divert vitality to one thing extra vital.”