• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Metaverse

Elon Musk Thinks Metaverse Isn’t ‘Compelling’, Web3 Is ‘Just Marketing’

Olagoke Ajibola by Olagoke Ajibola
December 23, 2021
Share on FacebookShare on Twitter

Of course Elon Musk is not a new name to many, with an estimated net worth running into billions of US dollars, the 50-year old is considered the current richest man in the world. Musk who doubles as CEO of SpaceX and Tesla, Inc., is also the founder of The Boring Company; and co-founder of Neuralink and OpenAI. He is seen as one of the most powerful men in the world, a mover and shaker but the Tesla CEO got tongues wagging recently when he announced that he is considering leaving his numerous jobs to become an influencer.

Also On TechBooky

Mozilla Acquires Active Replica, A Startup Developing A “Web-based Metaverse”

Nedbank Partners With Africarare To Acquire Village In Ubuntuland, Staking Its Claim To Africa’s First Metaverse

Are Online Casinos Going to Jump on the Metaverse Hype Train?

Five Facts About The Metaverse You Need to Know

Samsung Unveils Virtual Playground ‘Space Tycoon’ On Roblox

In a recent interview, Tesla and SpaceX CEO, Elon Musk reveals his opinion about 2 tech trends -metaverse and Web3, that many consider would revolutionize the world. Musk has revealed that he couldn’t see a compelling use-case for the VR-driven metaverse, and derided Web3 — a nebulous concept in which internet services are rebuilt around blockchain and cryptocurrency — as “more marketing than reality,” adding “I don’t get it.”

Firstly, Musk has admitted that he just might be a little “too old” to comprehend these new technologies the world is drooling about. “Am I like one of those people who was dismissing the internet [in] ‘95 as some fad or something that’s never going to amount to anything?” he suggested, before noting that as far back in 1995 he was one of the individuals you find around who understood the so many potentials of the internet.

Musk’s criticism of the the use of the new technology metaverse actually focuses on the absence of compelling use-cases and an experience which may be disappointing for consumers. Musk says “Sure you can put a TV on your nose. I’m not sure that makes you ‘in the metaverse.” He further explains that “I don’t see someone strapping a frigging screen to their face all day and not wanting to ever leave. That seems — no way.” In the interview, he also added that “I currently am unable to see a compelling metaverse situation.”

Currently, everyone is talking about the “metaverse”, it has suddenly become an over-hyped branding exercise for a series of virtual worlds, which is very dependent on VR headsets to access, which many consider as not so comfortable. Critics’ points out that all this technology have basically been tried at one point or the other before now. Records have it that there was a failed VR boom of the ‘90s and the rise of spaces like Second Life in the early 2000s. What the concept of the metaverse offers today is majorly an improvement in hardware with flashy an catchy new title, that has the backing of billions of dollars from recognized and renowned world tech giants like Facebook-owned Meta, which is so keen on it and been paraded in the faces of internet user as the next big digital platform.

Web3 is another alternative vision that has been marked to invade the future of the internet. It is driven with by the idea that ordinary internet users will have the opportunity to profit from their content and activity online, rather than having only behemoth internet companies capture the value. Although, Musk didn’t spend much time sharing his opinion about Web3, but he has openly expressed his skepticism about the project on Twitter, joining fellow tech CEO Jack Dorsey. According to Dorsey’s criticism, Web3 won’t democratize anything, the worst that can happen will just be a simple shift in power from existing incumbents like Facebook to upstart venture capital funds like Andreessen Horowitz.

In the interview Musk also airs his opinion about climate change, “I’m not in the camp of super-alarmist global warming,” says Musk,  but added that negative effects like rising sea levels are “not a wise risk to take.” The existence of other life in the universe “If anyone would know about evidence of aliens it would be me, and I’ve seen nothing,” he added that there should be a regulatory agency whose responsibility is to oversee “advanced AI” that he thinks poses a threat to humanity.

Related Posts:

  • Jack Dorsey Blocked By Marc Andreessen Over Hot Web3 Comments
    Jack Dorsey Blocked By Marc Andreessen Over Hot Web3…
  • Ideologies You Need To Know About Web3 And The Metaverse
    Ideologies You Need To Know About Web3 And The Metaverse
  • KuCoin Labs Launches $100 Million Fund To Empower Metaverse
    KuCoin Labs Launches $100 Million Fund To Empower Metaverse
  • Is Nigeria And The Continent Of Africa Ready For The Metaverse?
    Is Nigeria And The Continent Of Africa Ready For The…
  • Web3 Projects Have Reportedly Lost More Than $2 Billion To Hacks In 2022
    Web3 Projects Have Reportedly Lost More Than $2 Billion To…
  • Virtual Mega Yacht NFT Sold For A Whooping $650k In The Metaverse
    Virtual Mega Yacht NFT Sold For A Whooping $650k In The…
  • Elon Musk Lost $200b Of His Net Worth In About A Year
    Elon Musk Lost $200b Of His Net Worth In About A Year
  • Samsung To Reveal Metaverse Innovation At CES 2022
    Samsung To Reveal Metaverse Innovation At CES 2022
Tags: AIartificial intelligencebusinessinternetmetametaverseMuskSeetwitterweb3world
Olagoke Ajibola

Olagoke Ajibola

Olagoke Ajibola is a creative writer and content producer with an eye for details and excellence. He has a demonstrated history of telling stories for TV, Film and Online. Aside from being fascinated by the power of imagination, his other interest are travel, sport, reading and meeting people.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
Tesla Cybertruck Mass Production Won’t Start Until 2024

Tesla Cybertruck Mass Production Won’t Start Until 2024

January 27, 2023
Apple Reportedly Delays Development Of Its Own WiFi Chips

Apple Reportedly Delays Development Of Its Own WiFi Chips

January 27, 2023
Google Commits To Complying With EU Laws On Its Services

Google Commits To Complying With EU Laws On Its Services

January 27, 2023
Airtel Launches Its eSIM Technology In Nigeria

Airtel Launches Its eSIM Technology In Nigeria

January 27, 2023

Browse Archives

February 2023
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728 
« Jan    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 24 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (255) amazon (95) android (281) app (610) Apple (473) artificial intelligence (268) business (342) china (113) cloud (135) cryptocurrency (158) ecommerce (109) enterprise (240) facebook (472) gadget (448) gaming (160) google (546) government (383) guest post (108) instagram (137) internet (352) ios (249) iphone (210) microsoft (261) mobile (281) new feature (287) nigeria (278) privacy (135) research (134) samsung (139) security (375) smartphone (235) social media (671) software (416) startup (269) streaming (140) telecom (157) tips (340) transport (104) twitter (217) united states (191) users (132) videos (115) website (160) whatsapp (129) youtube (106)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

  • Trending
  • Comments
  • Latest
Download Free Editable Resume Templates – Word / Docx – 2022

Download Free Editable Resume Templates – Word / Docx – 2022

July 25, 2022
The Best Free PC Games

The Best Free PC Games

July 29, 2022
Recover Permanently Deleted Emails From iCloud Manually

Recover Permanently Deleted Emails From iCloud Manually

March 5, 2022
How is Technology Changing Our Definition of What It Means to Be a Human?

How is Technology Changing Our Definition of What It Means to Be a Human?

April 1, 2018
Resume and Cover letter Templates for free

Resume and Cover letter Templates for free

July 25, 2022
[Fixed] “Outlook Running Slow Windows 10” Issue

[Fixed] “Outlook Running Slow Windows 10” Issue

February 12, 2020
Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023

Recent News

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

Israeli Startup Introduces Smart Farm For Fresh Green Superfood

January 31, 2023
Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

January 31, 2023
A Wider Digital Voting System In Nigeria And Diaspora Participation

A Wider Digital Voting System In Nigeria And Diaspora Participation

January 31, 2023
Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

Jail Threats Stop ‘Robot Lawyer’ From Making Debut In Court

January 30, 2023
How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

How Google’s Sparrow AI Tool Is Looking To Take On ChatGPT

January 30, 2023
Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

Nigeria’s Apex Bank Launches Domestic Card Scheme – AfriGO

January 30, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite