Next-generation Internet, also known as Web3, doesn't seem to bring the same level of utility as Web2 did in 90-s, Bloomberg's crypto blogger Emily Nicolle hinted in a recent article dubbed "Andreessen's Dixon Spies Riches in Web3. Others See ‘Rubbish’."

Although Andreessen Horowitz's general partner Chris Dixon is trying to convince the market that Web3 wasn't really supposed to decentralize everything, the news outlet's speakers don't get how the decentralized architecture of blockchains can be ignored in the first place and, at the same time, provide a new convenient way for creators to build networks as public goods.

Catherine Flick, a Senior Lecturer in Computing and Social Responsibility at the Centre for Computing and Social Responsibility at De Montfort University, says the concept of Web3 is facing the common reality of humanity as even though the theory is good, in practice "it’s rubbish."

This is a classic kind of technological push meeting the reality of humanity. It’s a very idealistic technology.

Moreover, Nicolle emphasizes that the question of interoperability is still relevant even with blockchain:

Companies like Meta make it hard for you to transfer data out of its network on purpose, and its vision for the metaverse is unlikely to be any different.

Flick also doubts Web3 lobbyists can bring enough hype so that users would follow the technology. He says current attempts of VC firms in doing so look like they are trying to put two halves of an orange together:

The whole thing is just so blinded to how people actually use the internet, and how they actually interact with other humans on the Internet.

And Flick isn't alone in his skepticism. At the end of 2021, Tesla CEO Elon Musk and Twitter Co-Founder Jack Dorsey ⁠took to Twitter to express their disbelief about the potential of Web3 to change the way how the Internet works today. While Dorsey warned that the idea will eventually be consumed by smart money like VCs and liquidity providers, Musk said that the concept so far is nothing more than a marketing buzzword.