Multicoin Co-Founder Deleted Tweet: Cryptocurrency Isn't as Fun as Expected, Blockchain's Potential is Limited

Odaily News: Regarding discussions on the future development of the crypto industry, Multicoin Capital Co-Founder Kyle Samani once stated in a reply to a related tweet that cryptocurrency itself is not as "fun" as many crypto enthusiasts had hoped.

Kyle mentioned that he was once a firm believer in the grand vision of Web3, but over time, he has come to believe that the core capability of blockchain is primarily manifested at the "asset ledger" level. It holds significant value in reshaping the financial system, but its application potential in other verticals is relatively limited. He pointed out that decentralized physical infrastructure networks (DePIN) are one of the few noteworthy exception areas.

Furthermore, Kyle also noted that on-chain privacy remains one of the key unresolved technical challenges, and he expressed optimism about the solutions provided by Zama in this field. The tweet was deleted by Kyle Samani shortly after it was posted.