tweet<\/a> featured a screenshot of a news story that covered the ex-CEO of Twitter having sold his first-ever tweet as an NFT for a whopping $2.9 million, tagging the picture with \u201cBrought to you by Web3.\u201d<\/p>\nThe space is still new territory and is in the period where people are having to decide on which side on the fence they sit with the technology. Time will tell if it will be the technology that revolutionizes the internet or just another passing fad.<\/p>\n
Featured image from Pexels, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"The debate over ownership in Web3 has waxed on stronger as prominent figures like Elon Musk and Jack Dorsey have continued to fan the flames. This has prompted those in the space to come to the defense of Web3 and provide much-needed explanations about Web3. One of those is a croissant on Twitter which makes informative threads revolving mostly around Ethereum. This time around, the croissant replied to SpaceX CEO, Elon Musk, regarding his stance on Web3. Musk had posted a tweet mocking the innovation asking if anyone had seen it, as he joked that he couldn\u2019t it. Subsequently, the CroissantEth had replied with a thread focusing on explaining Web3 and NFTs to the billionaire. Related Reading |\u00a0Dfinity Foundation Launches $215 Million Grant To Boost Developer Ecosystem Owning The Net With Web3 CroissantEth starts by explaining its foray into independent writing. First explaining how centralized platforms like Facebook and Twitter had managed to end years of hardwork after shutting down its Facebook account. This served as an opening for the argument for Web3 and why it is important for internet users. Basically, with Web3, the users control the space. Using its own website, The Bakery, as a case study, CroissantEth shows how decentralized everything from payments to subscriptions is. All of it without needing access to users’ bank information or having to involve a third-party payments processor such as Western Union. It explains how users can access the information on the website by owning NFTs and being able to hold on to these NFTs for life, pass them on as a gift, or even sell them on secondary markets to other users. A completely decentralized system that cannot be stopped by a single platform because everything is under the control of the user, stating that \u201cWith Web3, I am the platform.\u201d In conclusion, it asked skeptics to read through the read to see that Web3 and NFTs are more than they appear to be. Others Pile On For Support The comments by Elon Musk and Jack Dorsey have not been well-received by those in the Web3 community. Most took offense to Dorsey saying that Web3 did not actually belong to the users but rather to the VCs and LPs who are investing heavily in the space. Related Reading |\u00a0Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage Tyler Winklevoss, one-half of the Winklevoss twins, famous for Facebook and being the first bitcoin billionaires, hit back at Jack Dorsey with a tweet that suggests the CEO has benefitted from the technology. The tweet featured a screenshot of a news story that covered the ex-CEO of Twitter having sold his first-ever tweet as an NFT for a whopping $2.9 million, tagging the picture with \u201cBrought to you by Web3.\u201d The space is still new territory and is in the period where people are having to decide on which side on the fence they sit with the technology. Time will tell if it will be the technology that revolutionizes the internet or just another passing fad. Featured image from Pexels, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":479672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83565],"tags":[85016,6664,85017,8375,13179,15369,82423,84673],"class_list":["post-479668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft","tag-croissant","tag-crypto","tag-decentralized-web","tag-elon-musk","tag-jack-dorsey","tag-nft","tag-nfts","tag-web3"],"acf":[],"yoast_head":"\n
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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Only In Crypto: A Croissant Explains Web3 And NFTs To Elon Musk","url":"http:\/\/uniquehot.com\/nft\/only-in-crypto-a-croissant-explains-web3-and-nfts-to-elon-musk\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/nft\/only-in-crypto-a-croissant-explains-web3-and-nfts-to-elon-musk\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/croissant.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/croissant.jpeg?fit=500%2C500"},"articleSection":"NFT","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["croissant","crypto","decentralized web","elon musk","jack dorsey","nft","nfts","web3"],"dateCreated":"2021-12-23T20:30:59Z","datePublished":"2021-12-23T20:30:59Z","dateModified":"2021-12-23T20:30:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Only In Crypto: A Croissant Explains Web3 And NFTs To Elon Musk\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/nft\\\/only-in-crypto-a-croissant-explains-web3-and-nfts-to-elon-musk\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/nft\\\/only-in-crypto-a-croissant-explains-web3-and-nfts-to-elon-musk\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/croissant.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/croissant.jpeg?fit=500%2C500\"},\"articleSection\":\"NFT\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"croissant\",\"crypto\",\"decentralized web\",\"elon musk\",\"jack dorsey\",\"nft\",\"nfts\",\"web3\"],\"dateCreated\":\"2021-12-23T20:30:59Z\",\"datePublished\":\"2021-12-23T20:30:59Z\",\"dateModified\":\"2021-12-23T20:30:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/croissant.jpeg?fit=500%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/479668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=479668"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/479668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/479672"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=479668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=479668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=479668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}