do VC’s own WEB 3? [ The Truth About Web 3 ]

CoinMarketCap published this video item, entitled “do VC’s own WEB 3? [ The Truth About Web 3 ]” – below is their description.

Is Web 3 truly decentralized?

When I think about Web 3, I think about more transparency, more democracy. I think about Web 3 changing how we conduct business, I think about DAOs, proper governance. think all the doors web 3 can unlock, and the possibilities.

But maybe it’s all BS.

As Elon Musk himself said, Web 3 is “more marketing than reality”

After all, if a few wealthy individuals or private firms own more than 50% of a protocol’s equity or tokens, it’s not exactly decentralized, is it?

Ever since Jack Dorsey put a tweet calling out VC’s meddling in Web 3, it got a lot of people wondering: Is Web 3 truly the future of the internet. What we all hope it’s going to be, a fully decentralized network. Or, it’s just the exact same people, pulling all the same strings and nothing is changing?

Let’s find out:

0:00 – Is Web 3 Truly Decentralized?

1:18 – What is Web 3? A Primer

2:18 – Venture Capitalists in Web 3

3:05 – Messari, VC and Web 3

5:20 – Sushi Swap vs. VC’s

7:04 – The Truth About Web 3

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CoinMarketCap YouTube Channel

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In This Story: Elon Musk

Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

He has hit the headlines for a number of reasons including; marriage to Grimes, being sued by a cave rescuer, involvement in the promotion of cryptocurrency – mainly Bitcoin and Doge.

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