Page 45 - Web3 News Today

Jack Dorsey and Elon Musk Ignite Discussion on Who Actually Owns web3: "It’s ultimately a centralized entity with a different label," Dorsey claimed.

Elon Musk and Jack Dorsey dismissed the so-called Web3 and criticised the involvement of venture capital firms such as Andreessen Horowitz in building out what some have called the next phase of the Internet.

Dorsey, whose Block Inc. company includes Spiral, a project "aimed at making bitcoin the planets preferred currency," tweeted in response to musical artist Cardi B that Bitcoin will replace the U.S. dollar.

Elon Musk during an interview said that he does not find the metaverse very promising. Damage to eyes and constant dizziness were some reasons he backed his opinions with. He also used the opportunity to hype up Neuralink.

The bitcoin fan tweeted his concerns about the new technology being controlled by firms like Andreessen Horowitz

Jack Dorsey and Elon Musk have shared their opinions about Web3, which did not go down well with a lot of netizens triggering a debate on Twitter.

Jack Dorsey caused a stir on Twitter after he shared his thoughts on crypto and Web3, during which he stated that he sees Bitcoin replace the US Dollar in due time and also took a dig at investors for their faith in Web3.

2021 has emerged to be a milestone year for the crypto market, gifting it the biggest bag full of investments so far, as per a report. Up by four times since 2018, crypto-related firms garnered over $30 billion (roughly Rs. 2,27,617 crore) worth of funding from venture capital firms this year.

We came to terms with the pandemic in 2020. In 2021, we responded. How successfully institutions rebuild trust will determine what's next.

About 60% of the new employees will be added to engineering and product teams, said Ashish Singhal, founder and CEO of CoinSwitch