While the horizon seekers insist that web3 is an entirely new world and ecosystem that will replace the current one, I still smile when I read posts from a decade ago where electronic payments would replace hard cash within a decade max.
Today, when you book an airplane ticket online, you most likely visit one of the large OTAs (online travel agencies) and pay for it. Once it's paid, you get the reservation information on this website with a reservation number that allows you to verify your booking on the airline's website.
There is a misconception about how web3 wallets work. When you are told that you own your information, it doesn’t mean you have your information in your wallet. This well articulated essay about the guts of web3 explain the caveats to the ownership piece in this new paradigm of technology.