Web3 isn't really any kind of web standard — certainly not like W3C standards that the web is actually built upon — it's just a marketing buzzword. And not to be confused with Tim Berners-Lee's Web 3.0 vision — which is a separate thing entirely, and pre-dates the crypto-bros' misappropriation of the nigh-identical term by many years.

I think so too. But now that crypto crashed, is there still a market of greater fools big (serious investors) and small (retail investors) to fall for it?