Elon Musk Tweet "Has Anyone Seen Web3? I Can't Find it" , Jack Dorsey Criticised supporters
Elon Musk, Tesla Boss, Jack Dorsey Mock Web3, criticized the involvement of Venture Capital Firms and stated the name of Andressen Horowitz.
Highlighted facts
- Dorsey’s Tweet gathered huge appraisals and collected thousands of likes and retweets.
- On the other side of the admiration, many others were unwelcomed and showed their disagreement.
- The web3 has been placed in the list of Non-Fungible Tokens (NFT’s) and Metaverse.
- Know More: Dorsey also tweeted the statement “Bitcoin will replace the US Dollar” in the Future.
Read More: Google Celebrated 'Winter Solstice' 21st December 2021, Animated Google Doodle in India
Both the Billionaire of the world Elon Musk and Jack Dorsey, have criticized the Venture Capital Firms that are promoting and marketing the term “Web3”, like Andressen Horowitz who is making a noise about the so-called Web3, ‘the Future Of the Internet’.
If we explain the term Web3 in the current scenario it is nothing but the vague term which is used as the utopian version of the internet. Web3 is decentralized and it is based on digital Record keeping Technology Blockchain. And it is also used as the driving platform for going on Cryptocurrencies like Bitcoin and Ether.
Know more: Bitcoin Price in India Rs. 38.8 lakh.
Ether price in India 3is .19 lakh. The price of these two is at 10 am IST on 22 December.
Tesla Chief Executive officer Elon Musk has tweeted on Tuesday “Has anyone seen the Web3? I can’t find it”.
Musk’s question of the tweet was replied by Jack Dorsey, the former CEO of Tweeter who said “It’s somewhere between a and z”.
Read More: 'High Alert' Solar Storm Warning on 'Earth' as Two Big Flares set to be Ejected From Sun
Dorsey didn’t elaborate the tweet but criticized Venture Capital firms like 16z, which was founded by Mac Andressen and Ben Horowitz as they have backed in a large amount of blockchain, Crypto, Web3. The owner was not available at that time to file the counter reply over such criticism.
In the comparison with the Web3, the Web2, current internet in which only a few are giant techy like Meta and Alphabet’s Google controls the platform.
On Monday tweet of Dorsey stated “You don’t own Web3”, the VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you are getting into….”
Web3 has been included in the list of Non-Fungible Tokens (NFTs) and the Metaverse which is becoming the Buzzword attracting a huge attraction and also able to make funds this year.
Dorsey’s tweet has attracted a lot of the public on social platforms and is also liked by thousands of followers and also retweeted by them.
Dorsey’s response to the opposing statement “We have bigger issues if a tweet stifles hopes and dreams. Currently it’s not wrong. Critique can fix it, or divert energy something more important”.
Read More: Alibaba Planning to Grow Southeast Asia E-Commerce Lazada to 100 Billion
