Multicoin’s Kyle Samani Declares Web3 Dead, Pointing to DeFi and DePIN Domination
Kyle Samani argues that speculative Web3 concepts are giving way to revenue-generating infrastructure, while also drawing fire for comparing Hyperliquid to Binance.
Web3 refers to the next generation of the internet built on blockchain technology and decentralized protocols. It aims to give users greater control over their data, digital identity, and online assets. Web3 applications often use cryptocurrencies, wallets, and smart contracts. The concept represents a shift away from centralized platforms toward user-owned networks. Web3 continues to evolve as infrastructure and adoption grow.
Kyle Samani argues that speculative Web3 concepts are giving way to revenue-generating infrastructure, while also drawing fire for comparing Hyperliquid to Binance.
The era of experimental, isolated AI chatbots is ending. BNB Chain’s newly deployed BNBAgent SDK establishes a standardized financial and technical blueprint for autonomous machine-to-machine commerce, data storage, and micro-payments.
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Coinbase unveils Agentic.market, an app store-like platform built on x402 that allows AI agents to access and transact with digital services autonomously.
Binance is beta-testing a prediction markets feature in its wallet app through a partnership with Predict.Fun.
Solana Foundation says AI agents are driving onchain activity, with the network emerging as key infrastructure for machine-to-machine payments.