Is there any hope for the so called "Web3" ?

It's already a trillion dollar industry established in less than 20 years. The use cases for blockchain and crypto is solid as a store of value, information and mode of transaction.

What kind of niche consumer applications will emerge out of it remains to be seen. Too early to tell where the industry will go. But it's here to stay for sure.

Web3 people boast about creating cool products but they are yet to find out how to sell it and make easy UI/UX so that Web3 business can scale like Web2.

Mostly it’s hype created by few people and VCs are ready to ride that hype and take the exit before the bubble bursts.

No

web3 is what corporate wants to kill. Web3 especially when done openly puts power in the hand of the people while AI makes them puppets.