The web3 stuff sure does look like fads to me. Early 2010s tech boom, while it involved a lot of money, felt like it was directing money at generally useful th

The web3 stuff sure does look like fads to me. Early 2010s tech boom, while it involved a lot of money, felt like it was directing money at generally useful things. Cloud, Big Data, AI etc. were “buzzwords” but were generating real value for companies that used them correctly. It seemed like VCS had learned from 2000s. With web3 we see a lot of vaporware and pyramid schemes. It is unlikely to pop like it did back then considering how entrenched technology is today but it would still wipe out a lot of value and further entrench the bigger companies.