One of the internet’s most vocal proponents of Bitcoin voiced an unusually uncharacteristic opinion against Web3 this week. On Monday, Square Block CEO Jack Dorsey took to Twitter to warn blockchain enthusiasts how Web3 has already been co-opted by investors. “You don’t own ‘web3,’” he said in a message spotted by Bloomberg. “The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into…”You don’t own “web3.”The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into…— jack⚡️ (@jack) December 21, 2021Web3 is the term many in the crypto community use to describe the next iteration of the internet. With the help of technologies like blockchain, they argue the internet will become a more decentralized ent
