Jack Dorsey is on stage.
Joe Raedle is a photographer.
Jack Dorsey was blocked on the social media site after he unfollowed several Web3 experts.
The founder and current CEO of Block, who is also the founder and current CEO of the social networking site, has been following a number of people.
When the venture capitalist blocked the bitcoin proponent, the spat got worse. He replied, "I'm officially banned from web3."
"He is an incredible entrepreneur and even more incredible human being, and I don't plan to follow him back over a difference of opinion," said Winklevoss.
The series of events began with a December 20th message from Dorsey that suggested Web3 isn't a way for individuals to own the next version of the internet and warned it's still a realm of tech giants.
"You don't own 'web3'," he wrote. The VCs and their partners do. It will never be able to escape their incentives. It is a centralized entity with a different label. Know what you're getting into.
The future version of the internet, called the metaverse, was the subject of a spat between Musk and another person. He called it a marketing term.
Has anyone seen web3? I can't find it. On December 20 Musk wrote a message. "It's somewhere between a and Z," said Dorsey.
A16z's bio reads "we invest in software eating the world", which was called out by Dorsey. A16z, which is also known as Andreessen Horowitz, has been investing in various tech companies.
According to market research firm PitchBook, venture capital funds poured a record $30 billion into cryptocurrencies in 2021, more than quadrupling the last record of $8 billion. Sky Mavis, the company that owns the metaverse game Axie Infinity, scored a $3 billion valuation after raising $150 million in a funding round.
Business Insider has an original article.
