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TechFlow News, June 1: Eli Ben-Sasson, co-founder of Starknet, tweeted that the crypto industry is currently experiencing an identity crisis. On one hand, many long-time OGs are leaving; on the other, institutions and traditional finance (TradFi) are finally taking notice—precisely the entities crypto originally opposed. In response, Kyle Samani, co-founder of Multicoin Capital, commented: “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.”
Navigating Web3 tides with focused insights
