Wu Shuo learned that StarkWare CEO and co-founder of Zcash and StarkWare Eli Ben-Sasson posted on X that the cryptocurrency industry as a whole seems to be experiencing an identity crisis: on one hand, several long-time OGs have already left; on the other hand, the industry is beginning to attract the attention of institutions and TradFi, which was previously the object of crypto rebellion, and this is challenging the core narrative of the crypto industry. Forward Industries Chairman and Multicoin co-founder Kyle Samani then commented, "Web3 is dead, now only DeFi and DePIN remain."

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SugarMarketMaker
· 11h ago
Leaving doesn't necessarily mean you're a true OG, and those who stay aren't all builders either. Let's see their actions.
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OldBlackVelvetKey
· 15h ago
The identity crisis is real; early idealists and current institutional players are simply not on the same wavelength.
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FragilePosition
· 19h ago
Kyle's statement is too absolute; Web3 infrastructure still exists, it's just that the bubble has burst.
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GateUser-46c777d0
· 22h ago
DePIN is indeed rising, but claiming Web3 is dead? That's a bit premature to predict.
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QuantizedDaydream
· 23h ago
OG's departure is indeed quite sad, but new blood is also coming in; industry iteration has always been like this.
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SecondaryMarketDeserter
· 23h ago
From rebellion to integration, this script has already played out on the internet before; it's nothing new.
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ThereIsTvlInTheWind
· 23h ago
Zcash founder discusses identity crisis, which is inherently significant and worth pondering carefully
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YieldYuki
· 23h ago
Institutionalization and decentralization are inherently at odds; finding the balance is the real skill.
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OracleBabysitter
· 23h ago
Multicoin has invested in how many Web3 projects themselves; now saying this is quite ironic.
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NightFlightMint
· 23h ago
Challenging the core narrative is a good thing, indicating that the industry is evolving, not stagnating.
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