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I find it to be an interesting solution looking for a problem. There could be many applications but I've yet to see one that blockchain could solve better than anything else that we already have, outside of crypto currencies.
Web3 is an interesting thought experiment but I don't see how it would work in real life. It would be extremely slow, data loss would be a daily occurrence and it would be a privacy/security nightmare.
NFTs could have a useful case of keeping online records of ownership. Being cars, homes and even cattle. Which coulld also make it easier and cheaper to sell or buy these things.
Ignoring privacy concerns of course.
But you would still need an authority that can unilaterally make changes to these ownership records. People die, things get lost, stuff happens. So it can't all be based on signing with private keys of individual persons. At that point: Why not run a central database of it all. It's cheaper, more efficient and you could still publish a public record for traceability.
I really don't see any problem that Blockchain could solve better than other solutions. Except Cryptocurrency.
Yeah right. It's that easy :D