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

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Author: James Vincent

Tesla Gigafactory - Elon Musk

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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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