Elon Musk called the Web 3.0 and the metaverse of “marketing buzzwords” – Bits Media

Tesla CEO believes Web 3.0 and the metaverse with initiatives far from being implemented. However, Bill Gates is confident, that in a few years business will switch to 3D virtual contacts.

Tesla CEO Elon Musk (Elon Musk)
wrote on Twitter, what now considers Web 3.0 and the metaverse is nothing else, like fashionable marketing buzzwords unrelated to reality. In his tweet, Musk wonders about the future, given the almost unimaginable nature of the present.

"I can't say, that Web 3.0 real. It's more of a marketing buzzword now., than reality. Just wondering, what will the future look like in 10, 20 or 30 years old. 2051 year - it sounds insanely futuristic!

Musk's statement comments on video, in which David Letterman (David Letterman) criticizes the functionality of the early Internet in an interview with Bill Gates. It is worth noting, that Gates, unlike Musk, big fan of the metaverse concept and
predicted the transition to virtual spaces.

"I predict, that over the next two or three years, the majority of virtual meetings will move away from 2D camera image grids, which I call the Hollywood Squares model, into the metaverse - a three-dimensional space with digital avatars.

Recently, the British auditing company Ernst & Young (EY)  stated, what Australia's cryptocurrency sector can attract $48.62 billion to 2030 year. The head of the cryptocurrency company ZeroCap, Trent Barnes, did not agree with this forecast. (Trent Barnes). He considers, that the document does not reflect research on the metaverse market. In his opinion, it is this sector that will manifest itself in many aspects of life, not only for entertainment, but also for business.

Grayscale published a forecast in its November report “The Metaverse as the Virtual Cloud Economy of Web 3.0”, that in the next few years the annual revenue of metaverses will reach $1 trillion.