Elon Musk is fed up with discussions around Web3
Tesla CEO Elon Musk recently mocked vocal proponents of “Web 3.0” on Twitter with his latest meme.
The billionaire shared a tri-fold version of the popular comic “Urinal Etiquette,” which shows a man entering a men’s bathroom and walking past a pile of unoccupied urinals to declare his support for crypto, to web3 and decentralized autonomous organizations (DAO) to a stranger right next to it.
The term “web3” has become a new buzzword that crypto influencers and venture capitalists have been throwing around for the past few months.
Although the exact definition of the term is vague, “web 3.0” is presented as a utopian vision of the Internet, in which people take back ownership of their data using blockchain and other cutting-edge technologies.
There’s also a big number of skeptics who see this new iteration of the internet as nothing but a cash grab. Cornell University professor James Grimmelmann recently described web 3.0 as “vaporware.”
Without mince words, Musk tweeted that the whimsical term sounded like “BS” to him earlier this week.
Musk also derided non-fungible tokens (NFTs) in response to a tweet by Dogecoin co-founder Billy Markus about the proliferation of scams within the industry.
However, some supporters of the NFT craze saw the tweet as an endorsement.
