and in Recently, the CEO of Tesla and SpaceX said he couldn’t see a compelling use case for VR-powered metaverse technology, and mocked Web3 — a vague concept in which internet services are rebuilt around blockchain and cryptocurrency — because it gets so much unrealistic marketing. .
Musk admitted that he may be too old to understand these new technologies. And he said, Am I like those people who in 1995 were dismissing the Internet as a fad? He suggested this before noting that in 1995 he was one of those individuals who understood the potential of the Internet.
Musk’s criticism of Metaverse focused on the lack of compelling use cases and a disappointing experience for consumers. “I am currently unable to see the case of metaverses convincingly,” he said.
There is now a lot of talk about Metaverse technology, with the brand promoting a series of virtual worlds. And some rely on VR head glasses to access them.
Elon Musk: Metaverse is not convincing
Critics point out that we’ve basically tried all this technology before, with the failed virtual reality boom in the 1990s and the rise of spaces like Second Life in the early 2000s.
Essentially what this current iteration offers is hardware optimization, a new title, and billions of dollars in support from giants like Meta, who are keen to control what they see as the next big digital platform.
While Web3 is another alternative vision of the future of the Internet with a great deal of promotion driven by the idea that ordinary Internet users are able to profit directly from their online content and activity. Instead of getting that value up by a few giant internet companies.
And Elon Musk didn’t spend much time discussing Web3. But he has previously expressed skepticism about the project via Twitter, joining fellow CTO Jack Dorsey.
Drossey said that Web3 will not democratize anything. But it shifts power from established companies to venture capital startups.
Musk also said during the interview that there should be a regulatory agency overseeing advanced AI that he believes is a threat to humanity.
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