EDIT: I love the downvotes. Doesn't matter that I wrote an article explicitly calling out web3 as a scam. The article in question got over 100,000 views to date.[0]
In fact, I wish they’d pop already. I’m trying to learn what I need to build a useful product with them, and it’s been difficult to find resources that focus on the technical underpinnings instead of just “copy this code to create your generic NFT.”
On the other hand, the hype cycle is likely driving the tech to mature much more rapidly than it otherwise would. Hopefully, once the crash does come, we’ll be left with a solid platform to do real, novel work.
IMHO, federated networks are about the only promising tech in the web3 soup.