Steem certainly shows the power a web3 stack will allow for users and developers.

Growth in the web3 stack is going to explode just as web2 tech allowed dynamic content to take off. Steem will just be a speck of dust on a fabric of innovation. Not that that is a bad thing. Look at the progression from myspace to Facebook.

Steemit is a social media platform - until they rebrand themselves.

Steem - the blockchain - can be much more. Powering an attention economy that allows users to self fund the services they have grown to love from Facebook and other big name players.