Jack Dorsey is right: Web3 is a sham

Press/Media: Expert comment


Web3’s goal of a decentralized, democratic internet is a noble one but since governments world over are deploying curbs on the Internet, it may prove to be an arduous task.

Period1 Feb 2022

Media contributions


Media contributions

  • TitleJack Dorsey is right: Web3 is a sham
    Degree of recognitionInternational
    Media name/outletTRT WORLD
    Media typeWeb
    Country/TerritoryUnited States
    DescriptionJack Dorsey, the former CEO of Twitter, recently criticized the latest iteration of the internet, Web3. “You don’t own web3. The VCs and their LPs do,” tweeted the 45-year-old. “It will never escape their incentives. It’s ultimately a centralized entity with a different label.” Tesla CEO Elon Musk, another vocal critic of Web3 chimed in: “Has anyone seen web3? I can’t find it.” Are Dorsey and Musk’s doubts warranted, or are the two men just trolling the masses? Are they right, or are they wrong?
    PersonsVasileios Karagiannopoulos