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


Musk doesn’t think much of these supposedly revolutionary web trends

The metaverse and Web3 are two trends supposedly set to revolutionize the digital world. But the richest man IRL, Elon Musk, is not keen on either. 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 admitted that he might just be “too old” to understand these new technologies. “Am I like one of those people who was dismissing the internet [in] ‘95 as some fad or something that’s never going to amount to anything?” he suggested, before noting that in 1995 he was very much one of the individuals who understood the potential of the internet.

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.

Article https://www.theverge.com/2021/12/22/22849717/elon-musk-metaverse-web3-more-marketing-than-reality

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