> No other technology platform has been so denigrated and ridiculed
As far as I am concerned it's entirely deserved. Web3, NFTs, etc. are a cancer and should not exist. It's on the same tier as DRM and pop-up ads.
First "blockchain" was the future, it was the next big thing, it was a revolution, it was going to change everything, you'd be a fool not to get involved. Sure, there might not be a lot there yet, but it's like the Internet in 1994 - this is only the beginning!
If they were still saying the same things about "blockchain" then people would notice that these lofty promises have delivered nothing for ten years. But give it a sexy new name like "Web3" and now it feels new again, even though nothing has changed, and they can continue to entice people in with the same old promises. Sure, Web3 doesn't seem to have produced much yet, but this is only the beginning. It's like the Internet in 1994!