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Elon Musk: metaverse isn’t ‘compelling’ and Web3 ‘more marketing than reality’

Photo by Patrick Pleul/picture alliance via Getty Images

The metaverse and Web3 are two trends supposedly set to revolutionize the digital world. But the richest man IRL, Elon Musk, is not keen on either. In a recent interview, the SpaceX and Tesla CEO said 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.”

Musk admitted that he might just be “too old” to understand these new technologies. “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 in 1995 he was very much one of the…

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