It also pattern matches to "Web3 is going just great", a popular crypto-skeptic blog – not sure if that's intentional.

There seems to be a sizable crowd of cryptocurrency hype critics that have pivoted to criticizing the AI hype (claiming that the hype itself is also largely caused by the same actors, and that accordingly neither crypto nor AI have much object-level merit to them) – ironically and sadly in a quite group-think-heavy way, considering how many valid points of criticism there are to be made of both.