Is Elon Musk’s support of Dogecoin’s (DOGE) Web69 a Reality?

Is Elon Musk’s support of Dogecoin’s (DOGE) Web69 a Reality?

Since then, Elon Musk and DOGE have reunited, with the talk of Web69.

Elon Musk and a DOGE-Based Web69 – Hype or a Reality?

While crypto adoption is the key to the longevity of digital currencies, advancement is also critical.

Web3 has shown, in its early stages, how virtual assets can deliver a paradigm shift to the world as we know it today.

The latest chatter is on Bitcoin-based Web5 and Dogecoin-based Web69.

Last week, former Twitter CEO Jack Dorsey announced the workings of a new internet at Consensus 2022.

Referred to as the ‘Web3 killer’, TBD, a subsidiary of Block Inc., plans to build a decentralized web-based on Bitcoin.

In contrast to Web3, Web5 is to be identity-based to deliver the true ethos of decentralization.

Dorsey followers responded positively to the announcement. One follower tweeted,

“If Jack and Bitcoin can create web5, then Dogecoin can create web69.”

 

Jack Dorsey responded to the tweet by challenging Elon Musk with a tweet,

“Your move @elonmusk.”

Elon Musk replied with fire emojis to leave the DOGE community wondering whether a Dogecoin-based web69 can become a reality.

A race to deliver a truly decentralized version of the internet to supersede Web3 would be enthralling for Bitcoin and Dogecoin supporters.



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