Elon Musk expressed skepticism about the progress of Web 3.0 development
The CEO of Tesla, one of the most influential individuals in the crypto community, has just spoken out about the current state of Web 3.0. He is skeptical about the speed of completion of the future of the Internet, and at the same time, at the moment, it is just “The marketing mantra is not like reality“.
Web 3.0 and the metaverse have led the way in the development of blockchain technology, smart contracts and decentralized economy; it aims to create a virtual reality in which we can live and work as virtual entities.
This concept has been around for a long time, but has only received new vitality from the infrastructure building efforts of the company Meta (formerly Facebook). Meta wants to shape a metaverse early on, in which the necessary tools for the future are available.
However, Musk is only concerned with the current state of new technologies. He remains optimistic about the distant future, emphasizing:
The Potential of Web 3.0
Contrary to the negative thinking (about the present time) of Elon Musk, billionaire Bill Gates believes in the progress of metaverse development. Gates has long predicted the spring of the metaverse, and expressed his views in a new blog post:
Large corporations as well as investors have also been pouring capital into projects related to the metaverse. According to a report from Grayscale, a major player in cryptocurrency investment and development, the metaverse could offer a $1 trillion opportunity to anyone who gets involved soon.
According to Bitcoin.com