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This might predate the web3 bubble bursting by a bit. I am somewhat adjacent to the space in my spare time (help some friends with their code sometimes) and the
by cableshaft 4y ago
This might predate the web3 bubble bursting by a bit. I am somewhat adjacent to the space in my spare time (help some friends with their code sometimes) and they were getting pretty hyped up about having NFTs with A.I. personalities trained into them and having them in a metaverse as NPCs you could talk to.
Then ChatGPT happened and they got even more excited about that, as it seemed even more plausible and doable. I wouldn't classify those people as grifters, they genuinely believe they're bringing about a new future and the web3 bubble bursting is temporary (I'm more skeptical myself, but not so much I'm not willing to help out here and there).
Not to say there weren't a ton of grifters in the space, there definitely were (and a lot of them). As well as people who thought they weren't being grifters, but then the bottom fell out of web3 and they're like, 'oh shit, guess I was wrong about all this', and they ended up becoming one without intending to.
There are people that can be in both crypto and A.I. grifting at the same time, too. Like they see A.I. art as a quick and easy way to generate art for NFTs. So they're not mutually exclusive fields.
And some people just perpetually bounce from one get rich quick scheme to another. It's happened since way before crypto, and it'll keep happening. If you stay at the forefront of it, and cash out as the frenzy starts to hit, it's probably fairly effective, too, but if you're perpetually late to these things, as most people are, it's just going to keep being a money pit for you.