Messari's Unqualified Opinions Building Real-World Utility: DePIN, AI, and Crypto’s Future | Fully Diluted with Messari Research
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May 1, 2025 Ariel Seidman, co-founder and CEO of Hivemapper, shares his insights on building a decentralized global map. He emphasizes that real-world utility, rather than hype, is crucial for crypto's future. The conversation uncovers the obstacles in cryptocurrency, advancements in mapping technology, and the intricacies of sustainable tokenomics. Seidman also discusses the importance of decentralized networks and how HiveMapper engages the community through AI. This innovative approach aims to shift the focus from mere speculation to practical applications in the crypto space.
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Utility Over Infrastructure
- Crypto's main bottleneck is the lack of real-world utility products, not infrastructure.
- True innovation comes from building applications that provide tangible value, not just new tokens or layers.
From Yahoo Maps to HiveMapper Vision
- Ariel started at Yahoo on maps with 30% market share but lost to Google.
- He observed maps are mainly built through motion, but human mapping is through vision, inspiring HiveMapper's approach.
Edge AI Cuts Costs and Friction
- HiveMapper evolved from a dash cam lacking LTE to the B device with real-time communication and edge AI.
- Running AI locally reduces AWS costs and improves user experience by making mapping fully passive.