The spirit is broader than most people think. A lot of discussion seems to focus around NFTs or the latest crypto scam but there is also a lot of great open source development towards sovereign data or decentralised identity for example.
I'm not entirely sold that web3 actually solves the problem or does so in a strictly better way[2]. The value proposition for web1 was, "invest your time and money for access". The value proposition of web2 was a response to the time and money investment in the form of "we'll make the web easy to use if you give us ownership."[3] The value proposition of web3 is what exactly? Is seems so far like it's "You'll regain ownership, but you have to accept these negative externalities." It's still early days. We may yet find a better lens of critique.
1. It was physically distributed intentionally of course, but the digital objects and relations were merely coincidentally structured as product of this physical form.
2. Even ignoring the decentralization of wealth extraction that is grifting and rugpulling.
2. Or more generally giving up power for access.