Bill Gates is one of the biggest names in the tech, business, and philanthropy space. He’s best known for founding Microsoft, a technology company that has grown into one of the biggest in the world. Microsoft is currently worth trillions of dollars. One major event that Microsoft has executed is to shut down end support for its OG web browser, Internet Explorer. In case you’re too young to remember the internet explorer, it was the original site one would use to surf the web and has that classic logo of a Gatorade blue ‘e’ with a yellow ring around it. Interestingly enough, the shutdown of the OG web, comes at a time when the next age of the web is fighting for its spot. Web3, the infamous buzzword thrown in the crypto and NFT communities, has become synonymous with many things depending on who you ask.
For some, it represents the dawn of a decentralized era where freedom and access to information is greater than ever. For others, it represents artificial value and scams. But what about Bill Gates? Well, according to what Gates has said in a recent interview, Web3 isn’t his favorite thing. In fact, he described the entire thing as “100% greater fool theory” referring to the idea that overvalued assets will go up in price when there are enough investors willing to pay more for them. Poking fun at the NFT collection Bored Ape Yacht Club, he joked: “expensive digital images of monkeys” would “improve the world immensely.”
What do you think about the end of the internet explorer and do you think this new era of Web3 will have as long a run as the OG internet?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.