📰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.
