Multicoin Capital Co-Founder Kyle Samani Expresses Doubts About Web3 Vision

Kyle Samani, co-founder of Multicoin Capital, has publicly expressed skepticism regarding the expansive vision of Web3. According to NS3.AI, Samani stated that blockchain technology primarily functions as a ledger with limited applications outside of transforming the financial sector. He noted DePIN as a noteworthy advancement in the field. His comments, which implied that most significant questions surrounding cryptocurrency have been addressed, were shared online but subsequently removed before he announced his resignation.