Crypto's 'Get-Rich-Quick' Culture is Pushing Away Serious Builders

Jeff Yan, the founder of Hyperliquid, recently spoke about the biggest problem facing the Web3 industry: culture. He argues that the 'get-rich-quick' vibe has pushed serious builders away, leading to a mismatch between the potential of the space and the people who are actually building it.

The negative reputation of crypto is deterring talented individuals from joining the field, according to Yan. He claims that people often write off the entire space due to the 'ugly examples' they see, leaving behind only a smaller pool of builders who can create meaningful projects.

Yan frames this as a branding problem that crypto has created for itself. In his view, AI looks like a prestigious and promising field, while crypto appears to be associated with people seeking quick profits rather than building something valuable.