The State of Web3 in 2023: Nothing Has Changed... Right?

"The NFT bubble is bursting," says the street. Interest has hit rock bottom. Big-brand NFTs are losing relevance. What's happening and what comes next? Here's everything you need to know.

Early this year, after emerging from the FTX aftermath, I published two now-popular articles: “The Web3 Opportunity: What's Next” and “Web3 for Brands: Beyond the Hype”, on the state of Web3.

Eight months later, the Web3 community is again in turmoil:

• NFT markets are tanking. Blue chip collections like Bored Apes, Azuki, Pudgy Penguins, Moonbirds, and Cl…