Elon Musk: Metaverse isn’t ‘compelling’ and Web3 ‘more marketing than reality’

In a recent interview, the SpaceX and Tesla CEO said he couldn’t see a compelling use-case for the VR-driven metaverse, and derided Web3 — a nebulous concept in which internet services are rebuilt around blockchain and cryptocurrency — as “more marketing than reality,” adding “I don’t get it.”

Musk’s criticism of the metaverse focused on a lack of compelling use-cases and a disappointing experience for consumers. “Sure you can put a TV on your nose. I’m not sure that makes you ‘in the metaverse,’” he said. “I don’t see someone strapping a frigging screen to their face all day and not wanting to ever leave. That seems — no way.” He later added: “I currently am unable to see a compelling metaverse situation.

Web3 is another alternative vision for the future of the internet, with much boosterism driven by the idea that ordinary internet users will be able to directly profit from their content and activity online . Musk didn’t spend much time discussing Web3, but he’s previously expressed scepticism about the project on Twitter, joining fellow tech CEO Jack Dorsey.

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