On last Sunday, Elon Musk tweeted a TikTok of an interview between Bill Gates and David Letterman in 1995, asking, "Given the almost unimaginable nature of the present, what will the future be?" After showing the interview clip, the TikToker who post the interview comments that what Gates said about the internet is the same as "what's happening now with Web3."
Watch the TikTok:
Web3 is the decentralized iteration of the internet based on blockchain technology, which powers nonfungible tokens, or NFTs, and underpins cryptocurrencies like bitcoin. Supporters of Web3 think , like $Amazon(AMZN.US)$ , $Apple(AAPL.US)$ , $Alphabet-A(GOOGL.US)$ , $Meta Platforms(FB.US)$. With Web3, users would ideally control their own data instead.
However, Elon Musk tweeted Web3 is not real, "it seems more like a 'marketing buzzword' than a reality."
In the comment session under the tweet, some people agree with Musk that Web3 is currently little more than a buzzword, while some commented it is just not fully real just yet.
A day later, Musk followed up saying: "Has anyone seen web3? I can't find it.”
On this Tuesday, Jack Dorsey, $Twitter (Delisted)(TWTR.US)$'s founder, also tweeted his opinion about Web3. He believes that VCs and their limited partners will be the ones who ultimately end up owning Web3.
So, what do you think about Web3? Do you agree with Elon Musk and Jack Dorsey?
Source: CNBC, Twitter

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$JD.com(JD.US)$
State Administration for Market Regulation (SAMR) on Wednesday announced 10 typical cases involving illegal activities such as false advertising and unfair competition. It was the second such announcement this year, with several e-commerce giants including Alibaba's Taobao, JD.com and Douyin. 
https://www.globaltimes.cn/page/202107/1229928.shtml

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