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Jack Dorsey and Marc Andreessen Feud on Twitter Over Web3
Square CEO Jack Dorsey and VC legend Marc Andreessen are fueding on Twitter over the future of web3.
Web3 refers to the next generation of the internet, based on blockchain technology. As such, web3 uses the features and characteristics of blockchain to improve traditionally weak areas, such as security and reliability. Instead of designing and deploying apps to run on a single server, web3 involves apps that are decentralized, running on blockchains, decentralized P2P servers, or both.
Given how early it is in the process of adopting web3, there’s still much discussion about the future of this evolution of the web. At least for Dorsey and Andreessen, that discussion has gotten rather intense.
Dorsey fired the open salvo, criticizing VCs — including Andreessen’s firm Andreessen Horowitz — for trying to own web3.
You don’t own “web3.”
— jack
The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label.
Know what you’re getting into…(@jack) December 21, 2021
Dorsey even retweeted a cartoon portraying VCs as gluttons gorging themselves on web3 while retail entities starve.
— jack
It seems Andreessen didn’t take the criticism very well, with Dorsey tweeting shortly after that Andreessen had blocked him on Twitter.
I’m officially banned from web3 pic.twitter.com/RrEIAuqE6f
— jack
In response, Dorsey criticized a16z’s (shorthand for Andreessen Horowitz) mission statement.
this mission statement has always felt so…dark pic.twitter.com/82hFvTd7fO
— jack
It’s a safe bet such heated discussions will continue to play out across the industry as developers, companies, and (yes) VCs continue to adopt web3.
Jack Dorsey and Marc Andreessen Feud on Twitter Over Web3
Matt Milano
from WebProNews https://ift.tt/3yVPEaH
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