Web3 is not meant to be useful, it is a carrot dangled in front of investors. It's there to justify the existence of cryptocurrencies. It's customers are greate

Web3 is not meant to be useful, it is a carrot dangled in front of investors. It's there to justify the existence of cryptocurrencies. It's customers are greater fools investing into the cryptocurrency behind the project. The joke is that there is an incentive for Web3 projects to be competitive. Most video games with microtransactions strive to have a wider appeal, otherwise they have less people to sell to. And yet such effort is not exerted for Web3 projects. The people are just supposed to see how potentially revolutionary they are and come flocking. Because it worked for Bitcoin and Ethereum the developers think that this is how the market works. You build something new, if relatively useless and the people throw their entire savings at you, because they don't want to be left out.