What Jack Dorsey’s Beef With 'Web 3' Is Really About - CoinDesk

Web3 owned by VCs and LPs fire back at Jack Dorsey

Jack Dorsey trash talks Web 3, gets blocked by his VC friends on

So Dorsey

Jack Dorsey has criticised the current state of Web 3, calling it a scheme to scam users. Dorsey’s comments have not been liked by venture capitalists. Now Marc

Elon Musk did not miss a beat to ask if anyone had seen Web3, to which Dorsey responded it's somewhere between a and z, pointing at the

So Dorsey’s knock on VCs’ role in Web 3 would seem to back him into a corner: It’s unclear that there are alternative routes to funding and building the Web 3 vision.

Two of the biggest names

As per Jack, Web3 will still be owned by Venture Capitalists (VCs) and their investors or Limited Partners (LPs), just like the Internet that we see today. In sharing his

Two of the biggest names in crypto and Silicon ValleyTesla CEO Elon Musk and Square CEO Jack Dorseytook to Twitter on Monday night to fire shots at Web3

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On Decem

Jack Dorsey has criticized Web3 again in a series of tweets, claiming that it is owned by venture capitalists. Dorsey made a subtle reference to Andreessen Horowitz, a

On Decem, Jack Dorsey tweeted: You don't own 'web3.' The VCs and their LPs do. It will never escape their incentives. It's ultimately a centralized entity with a different label.

Dorsey, the creator of Twitter, quickly became the target of hundreds of web3 advocates after tweeting to his six million-odd followers that they “don’t own web3. The VCs

Fresh off relinquishing the chief

Jack Dorsey stirs uproar by dismissing web3 as a venture

DeFi Advocates Hit Back After Jack Dorsey Says VCs Own Web3

Fresh off relinquishing the chief executive reins of Twitter Inc, Bitcoin enthusiast Jack Dorsey has taken to the service he co-founded to voice his displeasure with