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According to Foresight News, Multicoin Capital co-founder Kyle Samani stated on June 1st that Web3 is dead, leaving only DeFi and DePIN.
This statement responds to Starknet co-founder Eli Ben-Sasson's view: as long as the crypto industry faces an identity crisis, long-term community members will leave, while institutions and traditional finance begin to enter—ironically, those very entities that crypto originally aimed to oppose.
This statement responds to the view of Eli Ben-Sasson, co-founder of Starknet: as long as the crypto industry faces an identity crisis, long-term community members will leave, and institutions and traditional finance will start to enter—ironically, those very entities that crypto originally aimed to oppose.