More than semantics: "crypto" vs. "web3" is about what will be decentralized
https://jessewalden.com/decentralization-assets-protocols-products/ https://i.imgur.com/wTyTufP.png

NFTs are probably best seen through reddit's distribution method. otoh I don't think we've designed NFT mechanisms that aren't for private ownership yet secure some IRL custodial mechanism. tbh account abstraction is still missing.

I'm online sometimes

https://bento.me/m-j-r

I also think that crypto/web3 could also be called the fifth political state. third estate replaces fourth estate w/ Internet, and third replaces second estate with crypto codeslaw (not implemented for most part).