The bitcoin fan tweeted his concerns about the new technology being controlled by firms like Andreessen Horowitz
Bitcoin enthusiast Jack Dorsey tweeted his misgivings about Web3 technology investments. Picture: BLOOMBERG
Web3, the still hazy term for blockchain-based, decentralised systems and tech that are meant to replace the internet as we know it, has garnered much attention and funding in 2021, with Andreessen Horowitz being among its loudest cheerleaders. Trading of non-fungible tokens, or NFTs, on the ethereum and solana blockchains has been the most visible manifestation, with many companies now investing in the development of decentralised apps as well as games for those platforms.
The post drew more than 16,000 likes and thousands of retweets. Many pushed back with comments like “highly disagree” and “dead wrong”, though many others chimed in with support.
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