INSUBCONTINENT EXCLUSIVE:
Elon Musk said that he thought "nothing could be nuttier than 99".With the rapid evolution of technology, there's a new term, a new
concept emerging every now and then
Some see it as the future of the internet, for others, it's just another buzzword that has come into prominence without due diligence
Billionaire tech tycoon Elon Musk appears to be siding with the second group of people
Web3 includes the Metaverse and the blockchain technology where computer programmes run on networks of millions of computers.Alongside this
His reference was to the dot-com boom of the late 1990s and the explosion of blockchain technology happening now
As is often the case with Musk, it's not clear why he is decided to steer away from the technological advancements in the world wide web
or prefers the internet the way it is today.Musk disclosed his views while commenting on a Twitter thread by fellow American entrepreneur
His stance was that the returns on investment in Web3 would not be very different from those made in the 2010s.However, Musk was not
amused.The Tesla and SpaceX CEO doubled down on his cynicism in another tweet.When the internet's first phase was launched in the 1990s,
it was not interactive, and users had few options
The Web1 era saw the birth of corporations like Yahoo, eBay, and Amazon, as well as the advent of websites and blogs.By giving consumers
more freedom and facilities in the second phase, the internet became much better in terms of user experience
During this Silicon Valley-centric period, social media platforms and content sites such as Facebook and YouTube arose.The third phase is
being hailed as a quantum leap forward from the second when developing technologies were expected to integrate and democratise the internet
Virtual reality, artificial intelligence, and blockchain are examples of some of these advances, while others are still in their infancy but
