I believe the hype was created by many so-called analysts or predictors in order to entice investors, and many of us were duped as well. Altcoins did not perform as well as most traders expected. Anyway, You should also check DAO maker, they let you participate without staking any platform tokens but the pool would be competitive. This would disrupt the launchpad model. Going back, Web3 and Metaverse are currently in high demand, and I believe 2022 will be the year of Metaverse and Web3. 2021, in my opinion, was the year of Meme coins.