One thing he said during that conversation when it became clear he only understood it well enough to put big lego blocks together was "oh it's hard to talk to you web2 guys". Just 0_0 lol what.
That's about my take of what web3 has meant to me ever since. The evm ethereum virtual machine is interesting in it's own right as well as some adjacent things. I don't really want to make any claim as to if any of that stuff is 'going anywhere'. He couldn't elucidate any of that to me in person, just an ol web2 guy, sadly.
What is your standard though?
Whether you can you build a business that extracts value from activity?
Whether its supposed to have a profound impact on the world?