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Elon Musk, Jack Dorsey Mock Web3, Criticise Involvement of Venture Capital Firms Like Andreessen Horowitz

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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…”

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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.

Complete News Source : Gadgets360

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Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3

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Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3

Early this week, renders of the Edge 50 Fusion appeared, and Motorola has previously stated that the Edge 50 Pro will ship on April 3. The highest-end smartphone in the Edge 50 series, the Edge 50 Ultra, has now been shown in renders.

The phone is depicted in the renderings in peach fuzz and black with a vegan leather finish, while sisal, a beige color, will have a brushed surface. As opposed to the Snapdragon 7 Gen 3 in the Pro variant and the Snapdragon 6 Gen 1 in the Edge 50 Fusion, the phone is reportedly powered by the Snapdragon 8s Gen 3 SoC.

A 50MP primary camera, an ultra-wide camera, and a periscope telephoto camera with a 5x optical zoom are all included in the Motorola Edge 50 Ultra’s feature set. Additionally, there is a triple LED flash on the right side and a laser autofocus feature above the periscope lens.

Although the phone’s display, battery, and charging specifications are yet unknown, the Edge 50 Pro is said to include 12GB of RAM and support both 50W and 125W wired and wireless charging.

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It is anticipated that this will launch as the Motorola X50 Ultra in China. It is unclear if the India launch may be expected on the same day as the rest of the Edge 50 series phones, even if this is scheduled to go official on April 3.

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