Last month, former Managing Director at Microsoft and current Head of Development at Neo, John deVadoss, wrote an op-ed criticizing the term Web3. deVadoss argues that the word is a marketing ploy by “VC-types” and adds little value to the pre-existing term “blockchain.”
He writes in an article for Cryptoslate that part of the reason for its stickiness is that governments dislike the term “crypto.”
Neo was originally founded as Antshares in 2014. John previously spent nearly two decades at Microsoft, developing platforms like .NET and Azure. In his view, Web3 is “more nonsense than sense.” Its fashionable status is in part due to the “hoi polloi” on Twitter and LinkedIn who embrace the term “to attach themselves to what they see as the next big thing.”
Source: https://beincrypto.com/is-web3-simply-another-fancy-name-for-vcs-to-use-instead-of-blockchain/