“I’m officially banned from Web3,” Dorsey tweeted Wednesday alongside a screenshot showing he had been blocked by Andreessen. The block comes after Dorsey slammed the private equity business, including Andreessen Horowitz, in a series of tweets.
This week, Dorsey has expressed multiple views on “Web3” — a potential new decentralized version of the internet based on blockchain. Perhaps most notably, the entrepreneur said Web3 would be owned by rich VCs like Andreessen instead of “the people”.
“You don’t own ‘web3,’ he tweeted. “The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label.” Then, on Wednesday, Dorsey tweeted: “I’m officially banned from Web3,” alongside a screenshot showing he had been blocked by Andreessen. His tweet prompted several other Twitter users who have also been blocked by Andreessen to share similar screenshots.
Andreessen, who made billions from early investments in businesses like Facebook, has supported a number of startups developing technologies that could one-day power Web3. Andreessen also co-created the first widely used point-and-click web browser, which became Netscape, with programmer Eric Bina.
On their website, Andreessen Horowitz maintains a page named “web3 Policy Hub” with the subtitle “We Deserve a Better Internet.”
“We don’t have all the answers, but we’re eager to work with policymakers, civil society, and other partners to define an affirmative vision for how to use these powerful new tools to benefit society,” the VC says.
Dorsey, who has raised money from venture capitalists for both Twitter and Block, is a huge supporter of bitcoin, and his Twitter bio simply says “#bitcoin” followed by the bitcoin symbol. Other cryptocurrencies, on the other hand, are less appealing to him.