Jack Dorsey blocked by Marc Andreessen on Twitter after Web3 feedback

Jack Dorsey has been blocked on Twitter, the social media platform he co-founded, by famend enterprise capitalist Marc Andreessen.

The block comes after Dorsey criticized sure corners of the enterprise capital business and made a number of particular remarks in regards to the agency Andreessen co-founded, Andreessen Horowitz.

This week, Dorsey has expressed a number of views on “Web3” — a possible new decentralized model of the web based mostly on blockchain. Maybe most notably, the entrepreneur mentioned Web3 can be owned by wealthy VCs like Andreessen as a substitute of “the individuals”.

“You do not personal ‘web3,’ he tweeted. “The VCs and their LPs do. It can by no means escape their incentives. It is finally a centralized entity with a distinct label.”

Then, on Wednesday, Dorsey tweeted: “I am formally banned from Web3,” alongside a screenshot displaying he had been blocked by Andreessen. His tweet prompted a number of different Twitter customers who’ve additionally been blocked by Andreessen to share comparable screenshots.

Andreessen, who has made billions off the again of early bets on corporations like Fb, has backed quite a lot of corporations which might be engaged on applied sciences that might sooner or later underpin Web3.

Andreessen Horowitz additionally has a web page on its web site referred to as “web3 Coverage Hub,” with the subhed: “We Deserve a Higher Web.”

“We do not have all of the solutions, however we’re wanting to work with policymakers, civil society, and different companions to outline an affirmative imaginative and prescient for how one can use these highly effective new instruments to learn society,” the VC says.

The agency didn’t instantly reply to a CNBC request for touch upon Thursday.

Web3 stays a hazy idea, however the concept is that it is going to be powered by the blockchain, the know-how behind many main cryptocurrencies and nonfungible tokens, or NFTs. A plethora of entrepreneurs all over the world are attempting to design and construct the applied sciences and protocols that might assist Web3.  

Advocates of Web3, which might observe Web1 and Web2, consider at present’s on-line platforms are too centralized and managed by a handful of enormous web corporations, like Amazon, Apple, Alphabet and Fb guardian firm Meta.