📰MultiCoin Founder Resigns: Web3 Maxi's Surrender Source 1. Kyle Samani's Resignation - MultiCoin's Kyle Samani has resigned, leaving the crypto industry for a different technology sector. - His now-deleted tweets clearly reveal his fundamental skepticism about the market: "Crypto is not as fundamentally exciting as many enthusiasts wanted it to be." "I used to believe in the Web3 vision, but I don't anymore." "Blockchain is just an asset ledger that will reshape finance, nothing more." 2. Crypto VC Crisis (feat. MiyaHedge) - Even during the Bitcoin bull market, LP inflows have not recovered, and VC investment sentiment is at rock bottom. - Funds like Mechanism and Tangent have already pivoted from crypto. - There has been a quiet exodus from the industry, with half of the Paradigm team leaving in the past two months. - In other words, the frontier of technology has already shifted from blockchain to AI and Moving to Robotics - The current blockchain industry is being used only as an exit, creating socially insignificant products. 3. The Surrender of Blockchain Leaders - The agitators and leaders who passionately championed Web3 are leaving the market. - This demonstrates the current state of despair in the crypto scene. - Web3 is an illusion, and without a truly valuable token model, the venture market will disappear. - This pessimistic outlook is an inconvenient truth shared privately by many crypto elites.