Eli’s discussion of an identity crisis hits the mark: what we’re resisting is becoming the main players. Is it compromise or evolution? Maybe it’s both.

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Multicoin Capital Co-founder: Web3 is dead, and now we only have DeFi and DePIN.
Starknet co-founder Eli Ben-Sasson said that the crypto industry is facing an identity crisis: long-term OGs are moving away, and institutions and TradFi are starting to pay attention—this is a return to the very thing that crypto initially resisted. Multicoin Capital co-founder Kyle Samani said: Web3 is dead; now only DeFi and DePIN remain.
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