The Network State Podcast #20 - Solana
Jul 16, 2025
Lily, a tech veteran with experience across the US, China, and Europe, is currently a senior figure at Solana, focusing on tokenizing equity. She dives into Solana's rapid rise in the crypto landscape, exploring how it's creating Internet Capital Markets and enabling micropayments. The conversation covers the fascinating potential of tokenizing equities to democratize ownership and enhance global trading. Lily also discusses the integration of AI in finance, shedding light on the innovative transitions from Web2 to Web3.
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Episode notes
Crypto Bootstraps Physical Infrastructure
- DePaper networks use crypto incentives to bootstrap physical infrastructure ownership and service provision.
- This can replace traditional venture capital in supporting marketplace infrastructure development.
HiveMapper's Real-Time Mapping Example
- HiveMapper uses dashboard cameras to create real-time crowdsourced mapping data.
- Participants earn native tokens, effectively owning a piece of the network.
Challenges Tokenizing Physical Assets
- Tokenizing physical real assets faces legal and custody challenges more than technical ones.
- Crypto works better for incentivizing network infrastructure operation than for fractionalizing physical assets themselves.