5 years ago it was blockchain & NFT’s.

Same hypers just moved to different technology.

See how fast so many of the crypto and NFT/Web 3 lot shifted to AI, like rats on a sinking ship.

I think VCs saw Crypto and dreamt of being able to create the same amount of irrational value. AI has the same technical complexity "You can't easily explain it in a single sentence" energy but unlike Crypto and NFTs, enough actual utility to not seem completely illegitimate. It literally is the perfect hype grift tool. Crypto has survived almost 20 years off of nonsense, how long can this crap last. sigh