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cryptoJun 1, 2026, 6:29 AM

Kyle Samani Says Web3 Is Dead, Only DeFi and DePIN Remain

Multicoin co-founder Kyle Samani declared that Web3 is dead, leaving only DeFi and DePIN. Experts note many never understood Web3.

Multicoin co-founder and Forward Industries board chair Kyle Samani has stated that Web3 is dead, with only decentralized finance (DeFi) and decentralized physical infrastructure networks (DePIN) remaining.

According to experts, the majority of the market never fully grasped or even knew what Web3 was, so the shift has gone largely unnoticed.

Source: MarketTwits