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Monday, May 23, 2022

Elon Musk criticizes Net3 technology

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The world’s most famous engineer, billionaire, CEO of Tesla, SpaceX and cryptocurrency enthusiast, Elon Musk, has once again reminded the crypto community of his existence. This time around, the businessman opposed OpenAI CEO Sam Altman and Web3 technology.

The Web3 concept
Tesla CEO Elon Musk never misses an opportunity to remind the crypto community of its own existence. This time, the famous billionaire used comments on OpenAI CEO Sam Altman’s Twitter post to criticize the concept of Web3 technology.

We remind you that the Web3 concept is considered a new stage in the development of the Internet. Its aim is to create a decentralized alternative to the World Wide Web, in which there will be no room for censorship. Of course, in order to achieve such a goal, he is supposed to use cryptocurrency.

“Web3 looks absolutely ridiculous”
According to information from the Beincrypto portal, Elon Musk responded to a tweet from Sam Altman and wrote that “Web3 looks absolutely ridiculous.”

The essence of Altman’s speech was the reasoning about the return on venture capital investments. According to the boss of OpenAI, in the next decade the metrics will be much worse than those that venture capital investment brought in the 2010s. However, Altman also indicated that Web3 could yet become an area that will bring comparable profits at the best times.

Musk disagreed with the opinion of the leader of OpenAI and said that “Web3 looks absolutely ridiculous.” However, many Twitter readers immediately noted that the SpaceX director’s tweet was nothing more than a “comment to leave a comment.” It’s likely that Musk was just trying to get as much public attention as possible.

Elon Musk has already stood out on several occasions for his ambiguous statements in the crypto-asset market. Although many people consider him to be a crypto enthusiast, if you look at the big picture, Tesla’s boss is only doing things that somehow will bring him benefits. A businessman is always a businessman.

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