Jack Dorsey is right: Web3 is a sham

Press/Media: Expert comment

Description

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

1

Media contributions

  • TitleJack Dorsey is right: Web3 is a sham
    Degree of recognitionInternational
    Media name/outletTRT WORLD
    Media typeWeb
    Country/TerritoryUnited States
    Date1/02/22
    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?
    URLhttps://www.trtworld.com/perspectives/jack-dorsey-is-right-web3-is-a-sham-52976
    PersonsVasileios Karagiannopoulos