Someone created a JS library to interact with the Ethereum blockchain and named it web3. Making it appear like it was future of the web. In reality it was just

Someone created a JS library to interact with the Ethereum blockchain and named it web3. Making it appear like it was future of the web. In reality it was just one more attempt to make blockchain look authentic and useful. Blockchain has only one real use - storing tokens. Someone needs to pay real money for the tokens for the token creators to cash out. So they keep cooking up new ways to attract unsuspecting common people into the cryptoverse. Web3 is that.