Thursday, December 8, 2022
 

Randi Zuckerberg Says Web3 is ‘Chaotic,’ Requiring Too Many Steps

  • Randi Zuckerberg thinks Web3 is an ideal paradise but still far into the future with many complicated steps.
  • She thinks the existing metaverses provide a barrier to continued growth since they do not interact with one another.
  • The CEO of Zuckerberg Media believes more work needs to be done to protect consumers and their assets.

Web3 is not as near as many people may imagine, according to Randi Zuckerberg, the founder of Zuckerberg Media and sister of Meta CEO Mark Zuckerberg.

On August 17, while speaking at the Global Supertrends Conference 2022, Zuckerberg discussed the condition of Web3 and the fact that it is still more of a concept, an “ideal paradise,” than a functioning product. “What’s happening, in reality, is chaos,” she added.

Zuckerberg claimed that Web3 suffers from being overly complicated and requiring too many steps to enter. “It should not take 45 steps to set up a cryptocurrency wallet, buy a currency and enter the metaverse. It needs to [be] one-stop, beginner-friendly,” the CEO argued.

Additionally, Zuckerberg discussed the metaverse, one of the most popular Web3 concepts. She voiced worries about the separation of metaverses created by various corporations. She thinks the existing metaverses provide a barrier to continued growth since they do not interact with one another.

In her words:

I’m on Decentraland, my son is on Roblox, and my other son is on Fortnite. That’s great — we’re all in the metaverse. [But] we have no interaction with one another. To unlock the potential of Web3, we need to figure out a system where there’s interoperability, [where] what you have goes with you wherever you are, [and] we’re not there yet.

The CEO of Zuckerberg Media stated that she thinks centralization may be the answer and that there is still more work to be done to protect consumers and their assets. In her opinion, “we will wind up with web2.7, where there is some centralization, keeping people safe, but the ability to port your assets with you to any site.”

  • Randi Zuckerberg thinks Web3 is an ideal paradise but still far into the future with many complicated steps.
  • She thinks the existing metaverses provide a barrier to continued growth since they do not interact with one another.
  • The CEO of Zuckerberg Media believes more work needs to be done to protect consumers and their assets.

Web3 is not as near as many people may imagine, according to Randi Zuckerberg, the founder of Zuckerberg Media and sister of Meta CEO Mark Zuckerberg.

On August 17, while speaking at the Global Supertrends Conference 2022, Zuckerberg discussed the condition of Web3 and the fact that it is still more of a concept, an “ideal paradise,” than a functioning product. “What’s happening, in reality, is chaos,” she added.

Zuckerberg claimed that Web3 suffers from being overly complicated and requiring too many steps to enter. “It should not take 45 steps to set up a cryptocurrency wallet, buy a currency and enter the metaverse. It needs to [be] one-stop, beginner-friendly,” the CEO argued.

Additionally, Zuckerberg discussed the metaverse, one of the most popular Web3 concepts. She voiced worries about the separation of metaverses created by various corporations. She thinks the existing metaverses provide a barrier to continued growth since they do not interact with one another.

In her words:

I’m on Decentraland, my son is on Roblox, and my other son is on Fortnite. That’s great — we’re all in the metaverse. [But] we have no interaction with one another. To unlock the potential of Web3, we need to figure out a system where there’s interoperability, [where] what you have goes with you wherever you are, [and] we’re not there yet.

The CEO of Zuckerberg Media stated that she thinks centralization may be the answer and that there is still more work to be done to protect consumers and their assets. In her opinion, “we will wind up with web2.7, where there is some centralization, keeping people safe, but the ability to port your assets with you to any site.”

 

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