Technology
Elon Musk, Jack Dorsey Mock Web3, Criticise Involvement of Venture Capital Firms Like Andreessen Horowitz
Billionaires Elon Musk and Jack Dorsey dismissed the so-called Web3 and criticized Andreessen Horowitz and other venture capital firms for participating in the construction of a What some people call the next stage of the Internet.
Web3 is a vague term for the utopian version of the decentralized Internet. It is based on the digital record-keeping technology blockchain. It also drives platforms that run cryptocurrencies such as Bitcoin and Ethereum. The price of Bitcoin in India is rupee. The price of 3.88 million and Ether in India is Rs. As of 10:00 AM on December 22, U.S. Standard Time, there were 3.19 million.
Tesla CEO Musk tweeted on Tuesday, “Has anyone watched web3? I can’t find it.” Dorsey did not elaborate on the tweet. Venture capital companies such as a16z, founded by Marc Andreessen and Ben Horowitz, strongly support blockchain, encryption, and Web3. Andreessen Horowitz could not be immediately reached for comment.
According to its supporters, Web3 aims to give users ownership of platforms and applications. In the current form of the Internet, Web2, only a few major technology giants such as Meta and Alphabet’s Google control the platform. “Own “web3″,” Dorsey tweeted Monday night. “VC and their LP do this. It will never escape their incentives. It is ultimately a centralized entity with a different label. Know what you are entering…”
Dorsey’s tweets received thousands of likes and reposts, but many users also expressed different opinions.
For such a tweet with the opposite view, Dorsey responded: “If a tweet kills hopes and dreams, we will face bigger problems. There is nothing wrong with this at the moment. Criticism can help solve the problem, or save energy. Move on to more important things.”
Web3 joined the ranks of non-fungible tokens (NFT) and Metaverse, and became a technology buzzword that attracted a lot of attention and funds this year.
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.jpg "SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad")
SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.
In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.
“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.
SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.
On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.
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