It may be related, there is a video making the rounds of a crypto-CEO explaining Web3 to a congressional committee [0][5m56s], the major theme being that owning tokens is part ownership in the platform, the old Web is owned by tech giants, the new web is owned by anyone who holds a token. The whole thing reads to me as sleight of hand, too slick, but I couldn’t place my finger on what the lie/misrepresentation was. Nonetheless, the comments are glowing reviews, best explanation of blockchain ever !!!1!

I don’t suppose Dorsey is responding directly to this video, tho at 4M views it is worth contradicting, but “Web3 is owned by the users” is the latest salesmenship for NFT-flippers.

[0] https://youtu.be/pSTNhBlfV_s

PS sure would be nice to link to congressional testimony without an ad pre-roll, but alas

Most of the "web3 VC's" with NFT avis and .eth handles (see Chris Dixon) are obnoxiously tweeting about how "web2" sucks and that you don't have any ownership in it whereas "web3" is a decentralized utopia where you own every single piece of information about yourself and have the ultimate freedom to do anything.