TechFlow News, February 5: According to disclosure by crypto KOL Evanss6, Multicoin co-founder Kyle Samani posted (now deleted) before his departure stating that the future of cryptocurrency lies in financial infrastructure—such as stablecoins and blockchain-based markets—not Web3 or decentralized applications (dApps). He acknowledged having once believed in the Web3 vision but no longer does so. Samani views blockchain fundamentally as an asset ledger that will reshape the financial industry, though its impact will largely remain confined to that domain—except for decentralized physical infrastructure networks (DePIN), which he identifies as another noteworthy area. He also pointed out that on-chain confidentiality remains a critical unsolved challenge in crypto and expressed confidence that Zama will succeed in this space. Samani encouraged believers to seize new opportunities emerging in this field rather than dwell on past failures.
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