Kyle Samani Claims Web3 Is Dead Sparking Fresh Crypto Debate

The Bold Claim That Shook the Crypto World

Kyle Samani, co-founder of Multicoin Capital, recently said that . He believes only two areas still matter in the crypto space right now. These are decentralized finance, known as DeFi, and decentralized physical infrastructure networks, or DePIN. His words have started a big discussion about where the whole industry is heading.

What Sparked This Strong Statement

Samani made his comments after another industry leader shared worries. Eli Ben-Sasson, co-founder of StarkWare, pointed out that crypto seems to have an identity problem. On one side, big institutions are joining in fast. On the other side, many early users who helped build the space are walking away. This mix of trends has left many people confused about the future of blockchain projects.

Why Only DeFi and DePIN Matter According to Samani

Samani did not hold back in his view. He thinks most Web3 ideas have failed to deliver real value. Instead, he sees DeFi as the core that keeps growing with useful tools for lending, trading, and earning. DePIN projects stand out too because they connect real-world hardware like sensors and networks to blockchain rewards. These two sectors show clear progress while many other Web3 experiments have faded.

The Identity Crisis in Crypto Today

Ben-Sasson described how long-time participants feel left out. As big banks and companies enter the market, the original spirit of open and community-driven crypto changes. Some early adopters feel the space no longer matches what they hoped for. This shift creates tension between old-school believers and new institutional players looking for profits.

Other Areas That Could Drive Growth

Even with these doubts, many people still see hope in several areas. Real-world assets, or RWAs, bring traditional items like property and bonds onto the blockchain. Prediction markets let users bet on real events with crypto. AI tools combined with blockchain also open new doors for smart contracts and data use. These trends could bring fresh users and keep the industry moving forward.

How the Debate Affects Everyday Users

For regular people interested in crypto, these statements raise important questions. Should they focus only on DeFi and DePIN projects? Or is it worth watching RWAs and AI use cases too? The discussion shows that the market keeps changing fast. Users need to stay informed and pick projects that solve real problems instead of chasing hype.

Looking Ahead for Blockchain and Crypto

The claim that does not mean the end of everything. It simply pushes the industry to focus on what works. DeFi and DePIN already prove they can scale and deliver value. At the same time, new ideas around assets and artificial intelligence may bring the next wave of adoption. The crypto space has faced many turning points before, and this debate could lead to stronger and more useful projects in the years ahead.

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