Statistics operate in an interesting manner. When experts aim to demonstrate the increasing acceptance and awareness of Web3, they often oversimplify by highlighting statistics like "more than 90% of people have heard of crypto," which, while true, masks the fact that only 8% are truly familiar with Web3.

A16z's prediction of one billion active Web3 users by 2031 mirrors the growth trajectory of the Internet, but it remains unproven. Challenges from Web3's inception persist, with a lack of real-world applications demonstrating its benefits to everyday users.

Web3 is commonly associated with financial aspects like NFTs and the metaverse, but as the hype fades, so does its perceived relevance. Its slow adoption can be attributed to its complexity, both in terminology and user experience, prompting calls for improvement from figures like Ethereum's Vitalik Buterin.

The failure to connect with everyday users and the complexity of Web3 hinder its growth, exacerbated by enthusiasts who fail to make it more accessible. Unlike the seamless experience of online payments, Web3 lacks uniformity, making it daunting for newcomers.

There's a need for more use cases to bridge the gap and make Web3 more approachable. Incorporating familiar technologies from Web2, like Trust Wallet SWIFT's account abstraction, can simplify the user experience. Terminology should also be reconsidered to make Web3 more inclusive and understandable.

Without prioritizing inclusivity and learning from past experiences, Web3 risks stagnation. Drawing insights from Web2's evolution can guide Web3's development, ensuring a smoother transition and wider adoption.