Multicoin co-founder's tweet deleted seconds before leaving: No longer believe in the vision of Web3

According to community user records, Multicoin co-founder Kyle Samani stated yesterday in response to X user Taran (@Taran_ss) regarding the "bear market complaints":

"Cryptocurrency is not as interesting as many people (including myself) once imagined. I used to believe in the vision of Web3 and in dApps. Now I don't. Blockchain is essentially just an asset ledger. They will reshape finance, but that's about it, nothing much more. DePIN is another noteworthy area. Cryptocurrency will continue to improve, but all the truly interesting questions have already been answered, except for the issue of on-chain privacy/confidentiality. (I still firmly believe that Zama will win this race.)"

Shortly after, Kyle quickly deleted the tweet and earlier today posted a resignation announcement, stating that he has decided to step down from Multicoin Capital and will continue to serve as the chairman of Forward Industries (the largest SOL treasury company), looking forward to taking a break and exploring new directions in the tech field.

Kyle also tweeted in response that he remains extremely bullish on SOL and cryptocurrency personally, and will continue to participate in the cryptocurrency space both as an individual and as the chairman of Forward.

However, Multicoin Capital's letter to LPs may further validate the notion that "Kyle is no longer interested in crypto." The letter states, "Kyle's interests have expanded from cryptocurrency to other tech fields such as artificial intelligence, life sciences, and robotics, and he has decided to invest time in exploring these emerging technologies."