Elon Musk criticized the status quo of Web3 and was surprised at the future of Metaverse – Bitcoin News


Tesla CEO Elon Musk criticized the status quo of Metaverse and the Web3 movement, thinking that the latter is a “marketing buzzword.” The cryptocurrency influencer also posted a video of David Letterman making fun of the early Internet in an interview with Bill Gates, and wondered what the future will bring.

Musk is skeptical of the current Web3 movement

Tesla CEO and well-known cryptocurrency influencer Elon Musk expressed his views on the current state of Web3 and the Metaverse Movement. Musk is now skeptical about the effectiveness of the Web3 movement. Say He thinks this “now looks more like a marketing buzzword than reality.”

Web3 and metaverse are terms that contain a set of concepts, including blockchain technology, smart contracts, and decentralized economy, and their purpose is to create another reality for the reality we live in. This concept, which dates back to a long time ago, has recently been revived by Meta, the company formerly known as Facebook. Meta hopes to help shape Metaverse through its own tools and development.

Although Musk may not believe in the current application scope of these technologies, he is more optimistic about the future and the impact it may have on consumers. Musk emphasized:

Given the almost unimaginable nature of the present, what will the future be? I just want to know what the next 10, 20 or 30 years will look like. 2051 sounds crazy!

Web3 potential

Musk’s comments came after him Post In an interview with Bill Gates, David Letterman criticized the video of early Internet features. However, contrary to Musk’s recent statement, Gates stated that he is a loyal believer in the Metaverse Movement and predicted that he would switch to virtual space.In an article on his personal blog, Gates statement:

In the next two to three years, I predict that most virtual meetings will shift from a 2D camera image grid (I call it a Hollywood square model, although I know this may be my time) to a metaverse, a 3D with digital avatar space.

in the same way, company Investors are investing resources in plans related to Yuan Festival.Nearest gray Released A report on the opportunities that Metaverse may bring as a business, and estimates that it may become a $1 trillion opportunity for investors who enter the industry early.

What do you think of Musk’s views on the current state of Web3 and Metaverse technology? Tell us in the comments section below.


Sergio Goshenko

Sergio is a cryptocurrency journalist based in Venezuela. He described himself late and entered the crypto space when prices rose in December 2017. With a background in computer engineering, living in Venezuela, and being affected by the cryptocurrency boom at the social level, he offers a different perspective on the success of cryptography and how it can help people without bank accounts and underserved people.

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