Ex-Google CEO Calls Internet Decentralization Very Powerful

Ex-Chairman and CEO of Google Eric Schmidt on air CNBC declared the “seductiveness” of the Web 3.0 concept and talked about his investments in cryptocurrencies.

December billionaire became Strategic Advisor to Chainlink Labs one year after leaving Alphabet, the parent company of Google.

“Economy [Web3] interesting. Platforms, usage scenarios. [Это] not working yet, but things will change”he said.

Schmidt identified concepts such as content ownership and compensation to people.

The billionaire did not specify which cryptocurrencies he owns. Schmidt noted that if he were now at the beginning of his career as a software engineer, he would focus on artificial intelligence algorithms or Web3.

Recall, the former head of the department of metaverses at JPMorgan Christine Moy joined to Apollo Global Management. She will invest in Web3 startups.

Formerly Pantera Capital raised $1.3 billion to a blockchain fund with a focus on Web 3.0.

Prior to this, Haun Ventures formed two structures with a focus on Web 3.0 and $1.5 billion in assets. The firm is associated with former Andreessen Horowitz general partner Cathy Haun.