Is Web3 dead?

The question on many minds lately is whether Web3 is truly dead or merely going through a period of transition. With the rise of new technologies and the ever-evolving landscape of the digital world, it's natural to wonder if Web3, which promised decentralization and empowerment for users, has fallen by the wayside. But is it really fair to say that Web3 is dead? Or is it simply adapting to the changing times, finding new ways to innovate and stay relevant in a rapidly evolving industry? Let's take a closer look at the current state of Web3 and see if we can find some answers to this pressing question.