Jack Dorsey is the creator, co-founder, and Chairman of Twitter and co-founder and CEO of Square, and he is speaking at the convention.
Jack Dorsey, the co- founder of the social media platform, has been blocked by a renowned venture capitalist.
The block was put in place after Dorsey criticized certain corners of the venture capital industry.
This week, Dorsey has expressed multiple views on the idea of a new version of the internet. The entrepreneur said that Web3 would be owned by rich VCs like Andreessen.
He said that you don't own "web3". The VCs and their partners do. It will never be able to escape their incentives. It is a centralized entity with a different label.
On Wednesday, he said he had been banned from Web3 and that he had been blocked. Several other users who have also been blocked by the same person, shared the same screenshots.
A number of companies that are working on technologies that could one day underpin Web3 have been backed by the same man who made billions off of early bets on companies like Facebook.
There is a page on the website called "web3 Policy Hub" that says "We Deserve a Better Internet."
We don't have all the answers, but we're eager to work with policymakers, civil society, and other partners to define an affirmative vision for how to use these powerful new tools to benefit society
The firm did not respond to CNBC's request for comment on Thursday.
The concept of Web3 is hazy, but the idea is that it will be powered by theBlockchain, the technology behind many major cryptocurrencies and non-fungible token. A lot of entrepreneurs around the world are trying to design and build technologies that would support Web3.
The advocates of Web3 believe that today's online platforms are too centralized and controlled by a few large internet companies.
If any of Musk's 67.4 million followers had seen Web3, he said it was under the control of the company.
When asked if it was between a and and, he said, "It's somewhere between a and and."
Web3's army of supporters want to see the power of the internet put in the hands of the people. It is too big and important for a small group of companies or investors to manage. The internet is a vital part of the global economy and is used to power everything from nuclear facilities to hospitals.
The co-founder and general partner of the company is also a mathematician.
Decentralize finance is being led by entrepreneurs and fans of coins like ether and bitcoin.
The bio of the man who has raised money from the VCs for both Block and Twitter is ”#bitcoin” and it is followed by the symbol of the virtual currency. He is less interested in other cryptocurrencies.
He replied to a user on Wednesday that he was not necessarily against ether or any of the other decentralization applications.
"I am anti-centralized, VC-owned, single point of failure, and corporate controlled lies," he said. If your goal is anti establishment, I promise you it is not.
