Checkout Elon Musk’s Reaction To Jack Dorsey’s Web5

The news that TBD, a subsidiary of Block Inc., aims to develop a new decentralised network centred on Bitcoin has been met with enthusiasm by the cryptocurrency community (BTC).

According to a press release issued yesterday, the company will create a decentralised network named “Web5”, a project that aligns with Block’s CEO Jack Dorsey’s vision of Bitcoin playing a key role in the internet’s growth.

While the world is still focused on Web3, which uses blockchain technology to decentralise the internet, Dorsey is already working on Web5, which is expected to focus solely on Bitcoin.

A Dogecoin enthusiast with the Twitter handle @wandrinstar reacted to the news of Dorsey’s ambitions to construct Web5 by saying:

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

The tweet prompted a response from Dorsey, Twitter’s former CEO and co-founder, who called on Tesla CEO Elon Musk to comment on the message.

“your move @elonmusk”

Musk, who has always been a proponent of Dogecoin and has been pushing for wider adoption of the cryptocurrency in order for it to become the internet’s currency, commented that Web69 would be wonderful in response to the news.

“web69 is (fire emoji)”