The former CEO of “Google” is betting on the future of Web 3.0 and reveals his possession of some digital currencies
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Answer The former CEO of “Google” is betting on the future of Web 3.0 and reveals his possession of some digital currencies
Eric Schmidt, the former CEO of Google, recently revealed his views on the emerging blockchain and crypto industry.
He said that what fascinates him most is not cryptocurrency but the future of Web 3.0.
He revealed that he invested very little money in cryptocurrencies.
Speaking to CNBC, Schmidt stated:
The new model of the Internet where you as an individual can control who you are, and where you don’t have a central administrator, is very powerful.
It is very seductive and very decentralized.Read:The launch of the first laptop based on blockchain technology
I remember that feeling when I was 25 years old and I believed decentralization would be everything.
Web 3.0 generally refers to the new Internet era where services are created using decentralized blockchain networks.
Schmidt explained that if he started his career as a software engineer today, he would focus on AI algorithms or Web 3.0.
He also added that his interest in Web 3.0 involved a concept called “tokenomics,” and went on to explain:
Web 3.0 is an interesting economy.
Decentralized platforms are interesting and the usage patterns are interesting.
It’s not fully functional yet, but it will work in the future.
What cryptocurrency does Eric Schmidt own?
He told the ex-CEO of Google that he had just started investing in cryptocurrencies.
But he did not disclose the cryptocurrencies he currently holds.
Referring to Bitcoin, Schmidt said that the problem with blockchain technology today is that people spend most of their time on those systems to make sure the network is not attacked…
A number of prominent personalities from major tech companies have recently taken a dip in cryptocurrency.Read:Coinbase intends to launch a dedicated platform for subscriptions (IEO)
The goal was largely to understand the technology and the economics behind it.
One of the biggest proponents of cryptocurrency right now is technology expert and billionaire Elon Musk.
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