Elon Musk is not convinced of the web’s revolutionary trends


Metaverse and Web3 are two trends that supposedly aim to revolutionize the digital world. But the world’s richest man, Elon Musk, isn’t keen on either.

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.

Elon Musk Will Pay Over $11 Billion in Taxes This Year





These were the details of the news Elon Musk is not convinced of the web’s revolutionary trends for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Sustainable beauty: Capturing a rising demand for conscious living

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]