https://techcrunch.com/2022/07/14/startups-begin-a-race-to-build-a-crypto-native-consumer-friendly-messaging-platform-for-web3/

There’s no shortage of headlines about the onset of “crypto winter.” Amid a growing pile of bankruptcies, one of the buzziest startups in the business, the NFT marketplace OpenSea, announced a major layoff just today.

Behind the scenes, however, plenty of founders and VCs are doubling down on the promise of largely decentralized, blockchain-based outfits, and toward that end, one of the “more interesting parts of crypto right now” is at the “intersection of social messaging and web3,” says renowned entrepreneur and investor Elad Gil. In short, he thinks today’s messaging tools don’t cut it, and that there will be new opportunities for crypto-native startups to get it right.