Web3 was about decentralised web - as in, more stuff, like login and data, moving client-side. E.g. instead of having "login in facebook", having Metamask plugin in your browser, that holds your private keys, and allows you to log into a website.
Also, building websites that don't store user data at all. Everything is kept in browser storage. You could say that the chat-gpt interfaces people are building now are web3, because they don't store your api keys, nor your converstation history.
Second part was decentralising as much as possible. Decentralised domain-name systems (ENS), storage, hosting, and money of course. So that you own your data, and your identity.
The last time I checked, the decentralised storage and hosting were the most difficult to solve. That is - we have torrents of course, but if you wanted to pay decentralised web to host and run your scripts indefinitely, it was not feasible.
Web 3 seemed silly enough that I didn’t bother really following it. I know that there is probably some very good work going on around blockchain stuff, but NFTs ain’t it.
LLM assistants is genuinely just moving _very_ fast, so if you don’t pay attention every day you just miss things.
I’m just enjoying having my interactive rubber-duck tbh
I think NFTs may really be on to something, but probably mundane little things like tickets to concerts, not eye-wateringly expensive collectible monkeys.
Like how SMS is now a thing used for all sorts of little stuff, but nobody thinks much about it.