Web1 was fairly decentralized as you could just host your websites and even mail server on a small box yourself. Web2 seemed to have sucked everything into (sem

Web1 was fairly decentralized as you could just host your websites and even mail server on a small box yourself. Web2 seemed to have sucked everything into (semi-) walled platforms. I still don’t fully understand how the decentral web would work at any scale. I imagine it being like trying to use Youtube with the TOR-Browser. It feels like crypto is 90% fraud, fomo and false hope. I hope this is not yet another hype-bubble with little practical application. But then again I don’t really get what the whole web3 is supposed to be in the first place.