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The reason 3G has remained important for Verizon’s network all these years is because of voice calling.
Voice over LTE (Vo LTE) has only recently started rolling out in the US, so it’s now possible for a phone to function normally over 4G without ever touching the 3G network.
Fierce Wireless is reporting that Verizon has accelerated the planed shutdown of its 1x RTT 2G voice and data network.
The shutdown, which was originally planned for 2021, is now slated to occur by December 31, 2019. Verizon's Chuck Hamby said that the carrier might keep the network up into 2020 if its customers need more time to upgrade their devices.
However it is still a good idea to periodically check for modem firmware updates to ensure that you are getting the maximum performance from your device.