As you said, BAT has not been able to recover as investors expected, but its opportunity is still intact when the Web3 trend can come back anytime.
And what would a centralized token run by a company headquartered in California have to do with web3 and decentralized internet?
Let's face it, in this case web3 is just a buzzword, you have a browser that is definitely not decentralized, a company that pushes updates, a company that runs the finances behind it, a company in complete control of the chain as they have easily proved so by migrating to another network and more so!
Web3 has nothing to do with those, quite ironically one of the only ones that are truly ready for web3 is Bitcoin!
BAT is closer to Starbucks rewards or Airline miles than web3.