Multicoin Capital Co-Founder: “Web3 Is Dead; All That Remains Are DeFi and DePIN”

Starknet co-founder Eli Ben-Sasson tweeted that the crypto industry is currently facing an identity crisis: on one hand, many long-time OGs are leaving; on the other, institutions and TradFi are finally paying attention—precisely the entities crypto originally opposed. In response, Multicoin Capital co-founder Kyle Samani commented: “Web3 is dead—we’re now left with only DeFi and DePIN.”