Elon Musk hates NFTs and web3, and that’s why we should continue

Elon Musk is thought for his technological developments. So, it’s fairly a shock to be taught he has little interest in Web3 and the NFT market. Nevertheless, this shouldn’t discourage you because it proves a number of issues.

Elon musk nft
The richest man on the planet, Elon Musk, isn’t a fan of Web3 and NFTs. Picture: Getty Pictures. Illustration: Inc. Journal

Above all else, it proves that you’re remarkably early to the house. Many individuals doubted the web in the identical approach, and net 2.0 (often known as participative and social net) modified how the world operates. Internet 2.0 formed the best way we work together with one another day by day.

Moreover, it has even helped to topple regimes and elect presidents. The pure evolution of the web is web3, and if Elon Musk doesn’t adapt, it may price him billions.

Elon Musk, the CEO of Tesla, shared a meme on Twitter, posting a three-panel model of the well-known ‘urinal etiquette picture.’ The meme reveals a man getting into a males’s lavatory and selecting to skip empty urinals and stand subsequent to a different man creating an uncomfortable and weird scenario.

The textual content above reads, “Hey man…you should join our DAO in the panel.

Elon Musk isn’t a fan of Web3

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He then instructed that ‘there’s an excessive amount of noise about web3 within the crypto market’. In a not so well mannered tweet, he mentioned, “Web3 appears like bs”, responding to a thread by OpenAI co-founder Sam Altman.

Along with this, he aimed his sights on NFTs. Elon was fast to react to a tweet by Dogecoin co-founder Billy Markus as he mentioned the variety of scams within the trade. Musk commented, “NFTs are jpeging the greenback.”

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elon musk next to tesla car
It’s unlikely that we are going to get official Tesla NFTs if Elon Musk has his approach.

What’s a DAO?

DAO is a well-liked web3 time period, which means Decentralized Autonomous Group. The concept of a DAO is horrifying to individuals in highly effective positions as a result of the overriding idea of a DAO is democracy. Compared to conventional corporations, DAOs have a democratized group. Members vote for any adjustments to be applied as an alternative of applied adjustments by one particular person. There’s additionally a component of crowdfunding and governance that’s community-based.

Elon Musk is the richest man on the planet with over $261 billion. You definitely don’t change into one of many wealthiest individuals to ever reside by handing over energy to others. Web3 can change the best way the world works, simply as web2.0 has.

Lastly, Elon Musk is a big supporter of cryptocurrency, primarily the favored meme token, Dogecoin. Elon has mentioned that he loves the thought of a joke forex turning into worthwhile. In an interview with TMZ, he acknowledged, “Destiny loves irony. What can be essentially the most ironic end result? The forex that began as a joke turns into the true forex. To the moon!”

It’s unlikely that Dogecoin will go to the moon. Nevertheless, there’s a appreciable risk that Web3 adjustments the world in methods we can not even think about.


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All funding/monetary opinions expressed by usually are not suggestions.

This text is instructional materials.

As at all times, make your individual analysis prior to creating any sort of investments.

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