It's going to be a long time and a lot more work if we want web3 to really be successful. The options we have now that should be replacing these tech giants like twitter, facebook, youtube etc. are rather primitive at the moment or over complicated.
That's not to say it wont or can't happen but it shows how much more committed and serious we need to start getting about it if we want it to become a reality.
About Facebook creating the metaverse we kind of brought that on ourselves. Over the years a majority of people wanted ETFs and other outside sources of revenue to come into Bitcoin. What's happened? Mega companies now control the mining of bitcoin squeezing out everyone else. The exact people bitcoin was invited to overthrow for some reason most invited them in thinking only of price and not the devastating ramifications of doing so. Hopefully that will be different as we do advance into web3.0
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You are right about Bitcoin and how many were screaming for Wall Street to enter those their tokens could moon. Well the next article I am going to write is on this subject, about how it is now in their hands (or soon will be).
Web 3.0 will be different because, by design, it is decentralized. Hence, the platforms that are claiming to be Web 3.0 but are fully centralized (like what the VCs are creating) are not Web 3. It is truly just Web2 repackaged.
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