I think we are about to see a hard fork in the media space. The mainstream outlets will survive, like East Germany, with its STASI and police state, and they will have to pretend real hard that the web 3.0 doesn't exist because they will be unable to fight it effectively. And web 3.0 will flourish, but I don't see it completely replacing web 2.0.

We will see both more and less freedom in the world, and both more centralization and more decentralization, all at the same time, if that makes sense. The intro quote to A Tale Of Two Cities comes to mind.