Musk, Dorsey Make Fun of Newest Internet Buzzword

Two tech titans have teamed up to seemingly riff on the chosen name and latest buzzword for the next stage of the internet.

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Coined “Web3,” the term is meant to explain the next iteration of the internet to come, presuming that we now live in Web 2.0, which can be understood as an age of communication and ecommerce through programs that are owned by major companies and internet organizations, like Meta, Twitter, Amazon, etc.

“At the most basic level, Web3 refers to a decentralized online ecosystem based on the blockchain,” Wired explains. “Platforms and apps built on Web3 won’t be owned by a central gatekeeper, but rather by

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