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Elon Musk Criticizes the Current State of Web3, Wonders About Future of Metaverse

• https://news.bitcoin.com, by Sergio Goschenko

The crypto 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 Skeptical About Current Web3 Movement
CEO of Tesla and known crypto influencer Elon Musk has issued his take on the current state of Web3 and the metaverse movement. Musk is skeptical about the validity of the Web3 movement right now, saying he believes it "seems more marketing buzzword than reality right now."

Web3 and metaverse are terms that encompass a group of concepts including blockchain technologies, smart contracts, and decentralized economies whose aim is to create an alternative reality to the one we live in. This concept, which dates from a long time ago, was revived recently by Meta, the company formerly known as Facebook. Meta wants to help shape the metaverse with its own tools and developments.

While Musk may be a nonbeliever in the present reach of these technologies, he is more optimistic about the future and what it might bring to consumers. Musk emphasized:

"Given the almost unimaginable nature of the present, what will the future be? Just wondering what the future will be like in 10, 20, or 30 years. 2051 sounds crazy futuristic!"


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