dango Founder Claims Crypto Wealth Window Closed, Only Gambling and Payments Viable

Larry Engineer asserts that generational wealth opportunities in crypto have vanished. He cites the failure of 99% of past use cases, including NFTs and DAOs, leaving only gambling and stablecoin payments as viable sectors.

Woofun AI notes that Larry Engineer, founder of dango, stated the opportunity for generational wealth creation in cryptocurrency has ended. He claimed that 99% of use cases defined over the last five years have failed, listing NFTs, the metaverse, DePIN, SocialFi, GameFi, and DAOs as defunct. Engineer also indicated that ENS and POAP are nearing their end. He identified only two remaining viable categories: gambling, including perpetual contracts, meme tokens, and prediction markets, and stablecoin payments. He added that Wall Street institutional entry has limited startup opportunities. This comment followed news that POAP co-founder Isabel announced the protocol would cease operations after five years.