- Newly minted
Twitter CEOParag Agrawal wants to harnessWeb3 to benefit consumers. - That comes in contrast to the former Twitter boss who has dissed the future internet and its backers.
$4 $4 is more excited about Web3 than his predecessor
In Twitter's fourth-quarter $4 Thursday, CEO Parag Agrawal said he's "excited about all the opportunities" potentially created by Web3, a possible internet successor to Web 2.0 that $4. That's in contrast to Dorsey, the founder and former CEO of Twitter, who has gotten in $4 over the matter.
Agrawal, who was previously the company's chief technology officer, took over Dorsey's role late last year, making Thursday's earnings call his first as the head of the company. When asked about Web3, he said he sees an "incredible amount of developer energy" across the
That, he said, "creates opportunities for a service like ours, which is operating at scale with a lot of customers and which happens to be the place where this entire ecosystem goes to find out what's happening across the ecosystem."
Proponents of Web3 say it will be decentralized and $4, instead of tech giants. Agrawal said Twitter has a $4 evaluating opportunities for how to "harness this change towards benefiting creators on our service, towards benefiting all consumers on Twitter." The company has previously said it's working on building its own decentralized media platform called Bluesky.
But Dorsey, now the CEO of $4 (formerly Square), has snubbed the idea of individuals owning the next version of the internet.
"You don't own 'web3,'" $4 in a December 20 tweet. "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…"
In another tweet, he dissed
Outside of a16z and Twitter, others are also working on building their Web3 potential. $4, for example, has sought Web3 gaming leaders, and Reddit has worked on Web3 features for its social platform.