Netscape Founder Likens Web3 To Early Days of The Internet

Billionaire tech developer Marc Andreessen stated that the present landscape of Web3 is typical of the early internet days. According to the billionaire tech entrepreneur and venture capitalist, the Web3 emergence is reminiscent of the internet in the 1990s.

Andreessen is the co-creator of Andreessen Horowitz, a venture capital enterprise. The billionaire rose to prominence after developing Mosaic, the first known web browser worldwide. 

He also established another tech firm, Netscape Navigator, which held sway in the web browser market for most of the 90s.

Web and Blockchain Similar to Internet Early Days


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In a recent chat with Bankless Podcast, Andreessen recalls those precious memories. He noted that the rapid state of activities in the Web3 period is similar to his days as a young tech entrepreneur.

Andreessen, however, stressed that Web3 is a replica of the internet in many ways. And going back in memory lane shows that his experience is vast enough to make such a comparison.

Accordingly, Andreessen added that he would make such a comparison on any technology on no account. The Netscape creator further noted that he wants others to know that he doesn’t take such a comparison as a joke.

Although crypto enthusiasts have often made some parallels between blockchain technology adoption and the beginning of the internet. However, Andreessen’s status as a veteran gives him more authority on the field.

According to him, unlike before, the Web3 ecosystem is attractive to some brilliant individuals worldwide. Intelligent people want to join an industry that leverages their abilities, and the Web3 space is one of them.

The Web3 is a movement with some collective impact, attracting the most intelligent people to come over and work. The criticism of the industry plays out in contrast to what the critics would imagine.

Commenting on the criticism leveled against crypto, Web3, and blockchain, Andreessen noted that the constant bashing is nothing. Tech entrepreneurs in the digital space see a problem as an opportunity to do better.

The critics will continue to outline the problems, and the geniuses in the space will do what they are best known to do. What happened is the issues turned out to be gainful opportunities.

Web3 is what the Internet is Missing

The emergence of Web3 has brought to light the lost connection the internet has been searching for. Web3 brings trust, independence, and benefit to the internet. 

According to Andreessen, the world lacks the means to interact with people online, trustfully and confidentially. Web3 has solved most of these issues.

It comes with economic arrangements like loans, contracts, and the like that people want to transact with one another.


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Andreessen Horowitz, also known as a16z, is regarded for its previous investments in Slack and Instagram. In 2013, the company first ventured into the digital asset space by investing in Coinbase. 

Since then, it has been part of major crypto-related businesses with OpenSea, Solana, Yuga Labs, and others.


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