[rvz]

Absolutely correct. They are only doing this because all their investments are in Ethereum (Because they missed Bitcoin).

So they have to keep hyping up the 'web3' narrative with Ethereum having to power it despite it still being expensive and useless for basic use-cases as more apps built on it begin to implement very complex features.

The best part is they know Ethereum can't scale, hence the intensity of the hype squad pushing and pumping it. There are better alternative blockchain ecosystems (not 'tokens') which solve Ethereum's shortcomings and aim to supersede it.