Former Google CEO interested in Web3

The decentralization of the Internet has caught the attention of many people around the world.

Eric Schmidt, the former CEO and president of Google, said he was very interested in the future of Web3. He said it during a recent interview with CNBC .

The former Google executive admitted to investing money in various cryptocurrencies. However, he added that the most interesting part of blockchain technology is not cryptocurrencies. Schmidt said;

“A new model [d’Internet] where you, as an individual, [pouvez] controlling your identity, and where you don’t have a centralized manager, is very powerful. It’s very attractive, and it’s very decentralized. I remember this feeling when I was 25 that decentralization would be everything.

Schmidt said that if he was an entry-level software engineer, he would focus on artificial intelligence (AI) or Web3. He added that his interest in Web3 stems from the tokenomics used by most blockchain projects.

He further pointed out that Web3 would give rise to new content ownership models and ways to compensate people for creating them. Schmidt added that;

“The economy [du Web3] is interesting. The platforms are interesting and the usage patterns are interesting,” says Schmidt. ” [Ça] doesn’t work yet, but it will. »

Although he admires cryptocurrencies, Schmidt said most blockchain networks spend a lot of time making sure no one is attacking them. According to the former Google director, this decision is incredibly unnecessary.

Although he admits he owns some cryptocurrencies, Schmidt did not name the specific coins he has invested in.

The cryptocurrency market has caught the attention of the general public in recent years. Major tech companies and tech experts discussed the potential impacts of blockchain technology and cryptocurrencies on the global economy.

The total cryptocurrency market capitalization is around $2 trillion, down from the all-time high of $3 trillion recorded in November 2021.

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