Only In Crypto: A Croissant Explains Web3 And NFTs To Elon Musk
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Only In Crypto: A Croissant Explains Web3 And NFTs To Elon Musk

THELOGICALINDIAN - The agitation over buying in Web3 has waxed on stronger as arresting abstracts like Elon Musk and Jack Dorsey accept connected to fan the bonfire This has prompted those in the amplitude to appear to the aegis of Web3 and accommodate muchneeded explanations about Web3 One of those is a croissant on Twitter which makes advisory accoutrement revolving mostly about Ethereum

This time around, the croissant replied to SpaceX CEO, Elon Musk, apropos his attitude on Web3. Musk had acquaint a cheep biting the addition allurement if anyone had apparent it, as he joked that he couldn’t it. Subsequently, the CroissantEth had replied with a cilia absorption on answer Web3 and NFTs to the billionaire.

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Owning The Net With Web3

CroissantEth starts by explaining its attack into absolute writing. First answer how centralized platforms like Facebook and Twitter had managed to end years of hardwork afterwards shutting bottomward its Facebook account. This served as an aperture for the altercation for Web3 and why it is important for internet users. Basically, with Web3, the users ascendancy the space.

Using its own website, The Bakery, as a case study, CroissantEth shows how decentralized aggregate from payments to subscriptions is. All of it after defective admission to users’ coffer advice or accepting to absorb a third-party payments processor such as Western Union.

It explains how users can admission the advice on the website by owning NFTs and actuality able to authority on to these NFTs for life, canyon them on as a gift, or alike advertise them on accessory markets to added users. A absolutely decentralized arrangement that cannot be chock-full by a distinct belvedere because aggregate is beneath the ascendancy of the user, advertence that “With Web3, I am the platform.”

In conclusion, it asked skeptics to apprehend through the apprehend to see that Web3 and NFTs are added than they arise to be.

Others Pile On For Support

The comments by Elon Musk and Jack Dorsey accept not been well-received by those in the Web3 community. Most took breach to Dorsey adage that Web3 did not absolutely accord to the users but rather to the VCs and LPs who are advance heavily in the space.

Related Reading | Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage

Tyler Winklevoss, one-half of the Winklevoss twins, acclaimed for Facebook and actuality the aboriginal bitcoin billionaires, hit aback at Jack Dorsey with a cheep that suggests the CEO has benefitted from the technology. The tweet featured a screenshot of a account adventure that covered the ex-CEO of Twitter accepting awash his first-ever cheep as an NFT for a whopping $2.9 million, tagging the account with “Brought to you by Web3.”

The amplitude is still new area and is in the aeon area bodies are accepting to adjudge on which ancillary on the fence they sit with the technology. Time will acquaint if it will be the technology that revolutionizes the internet or aloof addition casual fad.