Web3 and crypto are most relevant to applications in secure and economical financial transactions. The regulations and cost of transactions has yet to evolve considerably.

The transition from web2 to web3 will only happen if the common user gets an economic benefit. This can happen if the blockchain based cryptocurrencies lower the cost of transactions.

The metaverse and web3 are sizzling visions of a uncertain future. Maybe a case of technology driving and creating possible demand. Web3 with its promise of decentralisation and blockchain backbone may not disrupt and displace web2 in majority applications.