This week, Twitter cofounder Jack Dorsey and Tesla CEO Elon Musk tweeted criticisms of Web3, the supposed “next evolution” of the internet that’s got (almost) everyone excited.
But what is Web3, what promise does it hold, and why have Dorsey and Musk been dunking on it?
Tesla CEO Elon Musk (left) and Twitter cofounder Jack Dorsey
On Sunday, Musk tweeted a clip from a 1995 interview of Bill Gates by David Letterman, in which the Microsoft CEO, after describing the potential of a new-fangled technology called the internet, is promptly mocked by his host. The Tesla CEO wrote alongside: “Given the almost unimaginable nature of the present, what will the future be?”
In a follow-up tweet he wrote:
“I’m not suggesting Web3 is real—seems more like a marketing buzzword than reality right now—just wondering what the future will be like in 10, 20 or 30 years. 2051 sounds crazy…
