Foresight News reports that Starknet co-founder Eli Ben-Sasson tweeted that the crypto industry is currently facing an identity crisis. On one hand, many long-time OGs are choosing to exit; on the other hand, institutions and TradFi are finally starting to pay attention, which is exactly what crypto originally rebelled against. In response, Multicoin Capital co-founder Kyle Samani commented, "Web3 is dead; all we have left now is DeFi and DePIN."