The term "Web3" may be bullshit: it wrongly implies that crypto/blockchains will replace current web structures like servers, websites, AWS media hosting, OAuth, etc.
But, the ideas of Web3 — building applications on top of distributed ledgers and programmable smart contracts — is rather novel, potentially paradigm-shifting, and has already exhibited some clear merits[1]. Most likely this will continue to grow as these systems become more efficient and scalable (see: Proof of Stake, zk-rollups, sharding, alt/side-chains).
But, the ideas of Web3 — building applications on top of distributed ledgers and programmable smart contracts — is rather novel, potentially paradigm-shifting, and has already exhibited some clear merits[1]. Most likely this will continue to grow as these systems become more efficient and scalable (see: Proof of Stake, zk-rollups, sharding, alt/side-chains).
[1] - https://mattdesl.substack.com/p/hicetnunc-and-the-merits-of-...