'Has anyone seen Web3?' Musk, Dorsey mock tech's latest buzzword

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(Reuters) - Billionaires Elon Musk and Jack Dorsey dismissed the so-called Web3 and criticized the involvement of venture capital firms such as Andreessen Horowitz in building out what some have called the next phase of the internet.
Web3, a vague term for a utopian version of the internet that is decentralized, is based on digital record-keeping technology blockchain, which also drives the platforms running cryptocurrencies such as bitcoin and ether.
Tesla Inc Chief Executive Officer Musk on Tuesday tweeted, "Has anyone seen web3? I can't find it."
To this, former Twitter Inc top boss Dorsey replied, "It's somewhere between a and z."
Dorsey did not elaborate on the tweet. Venture capital firms such as a16z, founded by Marc Andreessen and Ben Horowitz, have heavily backed blockchain, crypto and Web3. Andreessen ...


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