Kyle Samani Says Web3 Is Dead, Only DeFi and DePIN Left on June 1

Kyle Samani, co-founder of Multicoin Capital, declared on June 1 that Web3 is dead and only decentralized finance and decentralized physical infrastructure networks remain viable. His comments responded to StarkWare CEO Eli Ben-Sasson, who highlighted a shift in the crypto industry as traditional financial institutions increasingly participate while early supporters depart.
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