To me there were a lot of reasons it’s changed. It’s just a different market with different expectations. When Web 3.0 gaming and NFTs were first getting popular, people were paying crazy money for things. People were living off the video games they were playing without being content creators which is pretty wild to look back on,
I think Bitcoin itself is very ingrained in traditional capital markets now. MSTR is in the Nasdaq so Bitcoin literally impacts the broader stock market. There are a lot of smaller publicly traded crypto treasury companies too.
I think it’s getting more mature but also the meme token phase we had recently in crypto was probably the opposite to maturity 😅