Web3 promises the potential of increased decentralization and trustless automation, but it's still in its early stages. It has a long way to go before we can confidently declare it the future, but it's also too early to write it off as a scam. Time will tell!
Web 3 is undoubtedly the future of the internet, we could be looking at the rise of new social platforms, search engines, and marketplaces built and owned by the collective, rather than by a corporation.
It’s hard to define web3 in the current state it’s in. Most web3 applications are built using web2 tools and software. I don’t think we truly reached web3 yet, but will do in the next couple of years (2030). As it stands now, I would say 90% of web3 startups are falsely marketing themselves, but I wouldn’t call them scams either.
The same goes for AI hype nowadays.
@timcha Haha, yeah it definitely looks like we've got a long way to go before true web3 arrives. But hey, it's the journey that counts right? Let's keep pushing and making progress!
Web3 is neither a scam nor the future, but an enabler of the future. It allows us to leverage the power of decentralization to create new, innovative applications that were previously impossible. With the right creativity, imagination and effort, Web3 has the potential to create a whole new world.