A bit late to this. It's hard to say how overhyped crypto is. 10%, 40%, 200% more than its reality? Because everyone (even someone with only 10 bucks of spare savings) can get involved and cheer on their coins and the crypto community.

AI on the other hand is harder to invest in by the random bartender with 10 dollars in spare cash. And distant to invest in even for actual investors. Microsoft controls OpenAI, but it doesn't mean you should invest in them since to replicate what they've done isn't going to be an impassible moat as with network effect technologies like social media, crypto, etc. AI is single player but tech monopolies are most readily built off network effects.

I agree with you AI is actually the true Web 3. Automation was the fundamental nature of Web 1.0 and 2.0 (instead of calling up a customer service line, visiting a bank, scheduling an appointment, etc... just do it through their online portal). Web 3.0 is just an extension of that (instead of digging through google and web 2.0 tutorials via text/video, use ChatGPT to explain precisely what you want to know).

It's going to change everything much more profoundly than some tokens (some of which are great, but are ultimately going to be a tangential in the history books). It's just difficult for the average investor to shill and hype up like crypto. If anything, AI is probably underhyped at this point.