Infinex’s announcement today blew past my expectations - this is even better than I had hoped for:
Introducing Infinex Connect.
With this new SDK, you're not just getting a unified wallet that lets you hold assets conveniently and swap seamlessly across all chains.
You're now getting a full interface to manage all your favorite dApps directly inside the Infinex wallet - no need to jump between different UIs and apps.
One interface. Frictionless UX. Everything Web3, finally in one place.
This isn’t just RIP Binance and Coinbase anymore.
It’s now also RIP MetaMask, Phantom, WalletConnect, and the rest.
Infinex is a decacorn in the making.
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Ok, it seems that not only did this tweet hit a nerve with a lot of people, but the opinions in the comments couldn’t be more divided.
The fact that my opinion is so polarizing, and how fragmented the crypto community as a whole seems, says a lot about the state of the market.
Let me clarify a few points to hopefully raise the discussion to a higher level 🧵
1. “You’re just coping because you’re sidelined.”
A lot of comments claim I’m coping because I’m not participating.
Ironically, that’s not true.
As a prop VC that is running a hybrid venture / liquid strategy, we’re very flexible, and we actually hold memecoins like $MOTHER, $WIF, and others. Those are profitable and we still hold them, as we think they have more room to grow.
But that doesn’t change the fact that, in my opinion, memecoins are the worst thing for the space. More on that below.
2. Stop equating Pudgy = all NFTs = all memecoins.
While I agree that 99% of PFP NFT collections are basically just memecoins in disguise, @pudgypenguins are one of the few exceptions.
@LucaNetz moved beyond speculation and built a real brand that delivers value and gives back to the community. In fact, I only started supporting Pudgy Penguins after they reached exactly that escape velocity, so yeah, I was purposely late to the party.
I’ll gladly admit if I’m wrong when a memecoin achieves something similar, delivering real value and cash flow. But so far, that hasn’t happened, which is why memecoins still seem like nonsense to me.