- Jack Dorsey has been blocked on Twitter, the social media platform he co-founded, by renowned venture capitalist Marc Andreessen.
- His tweet prompted several other Twitter users who have also been blocked by Andreessen to share similar screenshots.
- Andreessen Horowitz has a page on its website called “web3 Policy Hub,” with the subhead: “We Deserve a Better Internet.”
Marc Andreessen, a well-known venture capitalist, has prevented Jack Dorsey from Twitter, the social media platform he co-founded as reported by CNBC.
Dorsey criticized
The block comes after Dorsey criticized certain corners of the venture capital industry and made several specific remarks about the firm Andreessen co-founded, Andreessen Horowitz.
“It’s ultimately a centralized entity with a different label.”
Then, on Wednesday, Dorsey tweeted: “I’m officially banned from Web3,” alongside a screenshot showing he had been blocked by Andreessen.
Andreessen, who has made billions off the back of early bets on companies like Facebook, has backed a number of companies that are working on technologies that could one day underpin Web3.
Andreessen also invented, with programmer Eric Bina, the first widely used, point-and-click web browser, which eventually became Netscape.
Andreessen Horowitz has a page on its website called “web3 Policy Hub,” with the subhed: “We Deserve a Better Internet.”
The firm did not immediately respond to a CNBC request for comment on Thursday.
What is Web3?
Web3 remains a hazy concept, but the idea is that it will be powered by the blockchain, the technology behind many major cryptocurrencies and nonfungible tokens, or NFTs.
A plethora of entrepreneurs around the world is trying to design and build the technologies and protocols that would support Web3.
Advocates of Web3, which would follow Web1 and Web2, believe today’s online platforms are too centralized and controlled by a handful of large internet companies, like Amazon, Apple, Alphabet and Facebook parent company Meta.
Today the internet is vital to the global economy and plays a role in powering everything from nuclear facilities to hospitals.
Late on Wednesday, he replied to a Twitter user saying he’s not necessarily anti-ethereum, a technology powering the cryptocurrency ether (ETH) and thousands of decentralized applications including several that have been backed by Andreessen Horowitz.
“I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” Dorsey said.
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Source: CNBC
