I think web3 project to implement a true Web3 must be a next Gamestop. However, many IT mogul criticize Web3. Among them, Twitter founder Jack Dorsey and Elon musk are skeptical representatives of Web3.
Why did Jack Dorsey and Elon Musk criticize Web3?
They say Web3 is simply a marketing buzzword and creates another centralized world. This is quite true for most of the projects because it is mostly VCs who make money not individuals.
Currently, VCs are investing in Web3 projects and purchase Web3 coins at a lower price with more favorable terms than individuals. I highly doubts it is a true decentralization.
So, what is a true decentralized Web3?
Its ownership should be distributed widely, not exclusively to only a few large capitals. I want all rights and profits to be distributed to a wide variety of people, not to be monopolized by large VCs or certain companies.
However, there is a sticking point. If early stage of Web3 projects get investment from VCs, it's hard to build a true decentralized web, and if they don't get investment from VCs, it's hard to get attention from the world... It's so ironic. This is also why Web3 projects cannot refuse huge capital.
Despite the existence of these sticking points, some projects resist the temptation of huge capital for “true” Web3.
For the next generation, the next Gamestop should be these projects.
Are you going to hand over the next generation to the huge dinosaur companies/ VCs Or will you join us in the new generation that muggles makes?
The next gamestop will be the Web3 project to ostracize huge capital to build a true Decentralized Web3.
No VCs Only Muggles.