Ex-Google CEO Says He Owns Some Crypto, but is More Bullish on Web 3 - BitcoinEthereumNews.com
Eric Schmidt – Google‘s CEO from 2001 to 2011 – recently revealed that he’s put a “little bit of money” into cryptocurrencies. However, he said hes most fascinated in the web 3 ecosystem, with less interest in Bitcoin or other virtual assets of themselves. The Decentralized Internet Sa isang pakikipanayam with CNBC, Schmidt showed curiosity about Web 3s ability to grant users control of their identity, without relying on a “centralized manager”. Web 3 is the crypto community term for the hypothetical next generation of the internet. It is ideally just as functional as the “web 2” internet we know today, underpined by more decentralized governance using the power of smart contract blockchains and advanced “tokenomics”. Tokenomics are the supply and demand dynamics that blockchain ecosystems and apps use to compensate their users. Theyre intended to create stronger, more objective incentives for building digital value. “It‘s very seductive and it’s very decentralized,” Schmidt told CNBC. “I remember that feeling when I was 25 that decentralized would be everything.” Though Schmidt‘s time as Google CEO was over a decade ago, he still served as its executive chairman until 2017, and its technical advisor until 2020. Since leaving the company, he’s spent most of his time funding research