Twitter co-founder Dorsey blocked from new internet alternative after attacking venture capitalist Marc Andreessen

Twitter co-founder Jack Dorsey has been blocked from using a new blockchain based internet alternative by renowned venture capitalist Marc Andreessen after Dorsey criticized the venture capital industry and publicly attacked Andreessen Horowitz, a firm Andreessen co-founded, CNBC reported.

This week, Dorsey warned that “Web3” — a potential new decentralized version of the internet based on blockchain — would be controlled by wealthy venture capitalists like Andreessen instead of “the people.”

“You don’t own ‘web3,’” he tweeted. “The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label.”

Later, on Wednesday, Dorsey tweeted: “I’m officially banned from Web3,” alongside a screenshot showing he had been blocked by Andreessen. His tweet prompted several other Twitter users — who have also been blocked by Andreessen — to also publicly share similar experiences.

Andreessen, who has made billions by backing companies like Facebook early on, has invested in a number of companies that are working on technologies that could one day underpin Web3.

Andreessen Horowitz also has a page on its website called “web3 Policy Hub,” with the subhead: “We Deserve a Better Internet.”

“We don’t have all the answers, but we’re eager to work with policymakers, civil society, and other partners to define an affirmative vision for how to use these powerful new tools to benefit society,” the page reads.

Although it is not yet clear how Web3 would work, the idea is that it will be powered by the blockchain, the technology behind many major cryptocurrencies and nonfungible tokens.

Advocates of Web3 believe today’s online platforms are too centralized and controlled by a handful of large internet companies, like Amazon, Apple, Alphabet and Facebook parent company Meta.