It's a way to authenticate yourself without a centralized authority. So right now it's being used to create exclusive communities, access to which theoretically has some value. In the future, there may be application ecosystems which operate solely against your wallet information, no need for registration. Maybe that has some value too - time will tell.
I don't follow the details of the web3 market closely, so not speaking in support or against here.
I don't follow the details of the web3 market closely, so not speaking in support or against here.