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- As per some reports, Jack Dorsey wants to concentrate on Web5 which will entirely be based on Bitcoin.
- Regarding this concept, some folks on Twitter started making jokes, predicting that Elon Musk might desire to build Dogecoin-based Web69.
- Currently, the hot topic remains Web3, which is considered as the next iteration of the internet.
Will There Be A Web5?
News has been around lately regarding Jack Dorsey, making claims that his organization Block desires to shift its focus on Web5 (That’s right, Web3 egg hasn’t been hatched yet, and they are trying to evolve it) which will completely be based on the crowned asset Bitcoin.
After hearing this “fascinating” news, some folks took it to Twitter, making jokes that Elon Musk, the Tesla CEO, might be desiring the development of “Dogecoin Web69.”
Though, Elon Musk has his say in this.
A Twitter user posted a tweet regarding Jack Dorsey, former CEO and its co-founder, Jack Dorsey, who is currently concentrated on Block as well as Bitcoin, initiating to develop Web5 based entirely on the crowned cryptocurrency as opposed to Web3, which a several Bitcoiners think to be centralized and financed by VCs. Jack Dorsey too has faith in this concept.
Jack Dorsey thinks that Bitcoin is going to be a vital part in the iteration of the internet, that’s why he desires to put everything on BTC as the foundation of Web5 as opposed to Web3, intending to make blockchain-based internet which is decentralized in general and, on tokenization.
1/ Jack Dorsey’s @TBD54566975 unit has just announced it is building “Web5”.
— Namcios (@namcios) June 10, 2022
This new decentralized web leverages #Bitcoin to put users back in control of their data and identity – once and for all.
Here’s a thread with all you need to know 🧵… pic.twitter.com/TpW8OvuyKX
Wait, Elon Musk Is Thinking About Web69?
Tesla CEO, Elon Musk, when tagged by Jack Dorsey, reacted with the fire emoji as the Block CEO, asked him to make the next move on the post regarding the possibility of developing Web69 based on Dogecoin, the meme crypto coin.
He thinks that this will be fascinating if it ever comes into existence.
your move @elonmusk
— jack (@jack) June 10, 2022
This appears to be associated with ElonWeb69 (WEB69) released on BNB Chain.
However, it also appears like Tesla CEO has only one darling, that too is meme cryptocurrency Dogecoin.