Web3 generated plenty of use if you're in on it. Pension funds, private investors, public companies, governments, gambling addicts, teenagers with more pocket money than sense, they've all moved billions into the pockets of Web3 grifters. You follow a tutorial on YouTube, spam the right places, maybe buy a few illegal ads, do a quick rugpull, and if you did your opsec right, you're now a millionaire. The major money sources have started to dry up (although the current American regime has been paid off by crypto companies so a Web3 revival might just happen).

With AI companies still selling services far below cost, it's only a matter of time before the money runs out and the true value of these tools will be tested.

> Pension funds, private investors, public companies

As someone who was at a large company that was dabbling in NFTs, there was no value apart from pure gambling. At the time that we were doing it, it was also too late, so it was just a jinormous

My issue with GenAI is the rampant copyright violation, and the effect it will have on the economy. Its also replacing all of the fun bits of the world that I inhabit.

At least with web3 it was mostly contained with in the BO infested basement that crypto bros inhabit. AI bollocks has infected half the world.