The blockchain industry should never go stale, but something’s off. What used to feel wide open is getting squeezed by prediction markets and memecoins. That can’t be the whole story. When I first ran into Web3, CryptoKitties were a thing, NFTs were everywhere, and DeFi was exploding. You could seriously imagine building the next decentralized stablecoin, the next onchain collectible, the next lending protocol, with millions of people actually using the chain. Then a lot changed. Thousands...