
Proof of Coverage
Home of the best crypto conversations
Hosted by Connor Lovely and EV3 Ventures | Built by Proof of Coverage
Latest episodes

Oct 9, 2024 • 13min
Building a DePIN-powered CDN with Blockcast
Omar Ramadan, a former big tech entrepreneur, now embraces the world of crypto and DePIN, focusing on decentralized CDNs. He shares insights on how traditional CDNs struggle with live streaming and discusses the innovative potential of multicast CDNs to optimize bandwidth. Omar highlights the challenges streaming giants face in high-demand areas and envisions a future where individuals operate their own CDN nodes through blockchain incentives. The conversation uncovers exciting opportunities at the intersection of technology and user connectivity.

Oct 7, 2024 • 16min
Building the Immune System for DePIN with Reppo
Join Dave Grantham, founder of Reppo and expert in real-world verification and AI for decentralized networks, as he unravels the transformative power of AI in enhancing governance and reputation systems. He discusses how functional verification can build trust within decentralized networks and the dual strategy of Reppo to detect gaming behaviors. The conversation highlights AI's role as an immune system, identifying anomalies and streamlining decision-making processes. Dave emphasizes the need for robust, verifiable reputation mechanisms to combat manipulation in review systems.

Oct 2, 2024 • 9min
Embedding blockchain functionality in IoT devices with Minima
Connor had the pleasure of speaking with Adam Feiler from Minima, a pioneering company in the blockchain space. They delved into the evolving landscape of technology, particularly the shift from cloud-based solutions back to on-device processing. Minima positions itself as an embedded blockchain that allows for data attestation at the source, which is crucial for ensuring the integrity of information generated by IoT devices.
They discussed the importance of peer-to-peer communication and how Minima's lightweight protocol enables machine-to-machine payments and autonomous agents to validate and utilize data effectively. This innovation is set to create a new economic model for the data we produce, enhancing trust and verification in real-time.
The conversation also touched on the longevity of crypto startups, with insights on how to build projects that can withstand market volatility. Minima has been operational since 2018 and has successfully launched its token, boasting a network of 50,000 node operators. The emphasis was on creating long-term value and fostering a community based on trust.
Additionally, they explored the relationship between IoT and decentralized finance (DeFi), with Minima's upcoming partnership with a major chip manufacturer to embed blockchain functionality directly into devices. This advancement aims to make blockchain technology seamless for users, allowing devices to operate as blockchain nodes without requiring user intervention.
Overall, this episode highlighted the exciting potential of combining IoT with blockchain technology, paving the way for a future where devices autonomously interact and transact, all while maintaining a high level of trust and security.
00:00 - Introduction
00:32 - The Shift From Cloud to On-device Computing
01:06 - Minima as an Embedded Blockchain
02:05 - Real World Verification Challenges
03:01 - Trust, Node Equality and Data Validation
04:05 - Lasting Multiple Cycles as a Crypto Startup
05:57 - IoT vs. DePIN
07:08 - Embedding Blockchain Functionality in Devices
07:50 - Autonomous AI Agents and Machine-to-Machine Payment Systems
08:14 - Conclusion
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Sep 30, 2024 • 7min
(F)ederated (L)earning on the Bl(ock)chain with Flock
Connor is joined by Jiahao Sun of Flock, a project that aims to revolutionize the AI landscape through decentralization. They discussed the growing trend of open-source AI models catching up to their closed-source counterparts, raising the question of whether closed-source AI is becoming obsolete. Jiahao emphasized the importance of community-driven development and the need for individuals to have control over their own data and AI models, rather than relying solely on tech giants like Google and Microsoft.
They explored Flock's unique approach, which combines federated learning with blockchain technology to ensure user data remains local while still allowing for collaborative training. This model not only promotes privacy but also addresses the biases that can arise from centralized evaluations, as highlighted by past controversies in the industry.
Looking ahead, they speculated on the future of AI agents and how everyday people might interact with them. Jiahao predicted a surge in personal AI agents that could operate locally on devices, enhancing privacy and user control. They also touched on the challenges posed by centralized AI systems and the importance of developing decentralized solutions that empower users.
Overall, it was an insightful conversation about the future of AI, the role of decentralization, and the potential for individuals to harness their own AI agents.
00:00 - Introduction
00:02 - Empowering the Community with AI
00:20 - The Rise of Open Source AI01:30 - Flock's Vision for Decentralized AI
02:45 - Quality Data Over Quantity
03:56 - The Need for Decentralized AI
05:04 - Future of AI Agents
06:31 - Privacy and Local AI Models07:06 - Closing Remarks
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Sep 25, 2024 • 8min
Building a Next-Gen Decentralized Wireless Network
Connor welcomes Samer Bishay, founder of Karrier One, who recently acquired Cellular Spectrum in Canada. This acquisition marks a significant milestone for Karrier One, allowing them to transition from a mobile virtual network operator (MVNO) to a mobile network operator (MNO). This change not only gives them a seat at the table among major players in the telecom industry but also enhances their ability to communicate and collaborate with other MNOs.
They discussed the importance of owning spectrum and how Karrier One plans to leverage this acquisition to address infrastructure challenges, particularly in rural and remote areas. The conversation also touched on the various approaches to building cellular networks, including CBRS and Wi-Fi offload, and how Karrier One's spectrum-agnostic strategy empowers spectrum holders to monetize their assets.
Additionally, they explored Karrier One's inclusive approach to partnerships, emphasizing the importance of cultivating a community of deployers and contributors. Samer highlighted the excitement surrounding the potential of their technology, likening it to the early days of the internet.
Overall, this episode provided valuable insights into the evolving landscape of the telecom industry and Karrier One's innovative strategies to enhance connectivity for underserved populations.
00:00 - Introduction
00:47 - Acquisition of Cellular Spectrum
01:52 - MNO vs. MVNO
02:30 - Building Cellular Networks
03:54 - Challenges of Wi-Fi Offload
05:08 - Inclusive Network Building
05:50 - Cultivating Community of Deployers
07:19 - Creating Infrastructure Equity
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Sep 23, 2024 • 12min
Building the Largest Smartphone-based DePIN with Nodle
In this episode, Connor had the pleasure of speaking with Garrett of Nodle, a groundbreaking startup that utilises smartphones to create a decentralized network for various applications. They discussed how Nodle began its journey seven years ago, initially focusing on building mesh networks to facilitate communication in areas without internet access. Today, Nodle has evolved into a powerful tool for verifying reality, enabling users to prove the authenticity of images and data through a new app called Click.
Garrett highlighted the importance of citizen journalism in the current digital landscape, where anyone with a smartphone can capture significant events. We explored the potential of Nodle's technology to collect and incentivize these insights, making it a valuable resource for media companies and AI firms alike. One of the key challenges they addressed was the difficulty in distinguishing between real and AI-generated content, emphasizing the need for reliable verification tools.
They also delved into the technical aspects of Nodle's wireless network creation, which utilizes Bluetooth connectivity from smartphones to locate assets, such as stolen vehicles. This innovative approach not only reduces costs but also enhances the efficiency of connecting devices to the internet.
Garrett shared his vision for a more open future, where smartphones can be utilized to their full potential, breaking free from the restrictions imposed by traditional telecom companies. We discussed the implications of this shift, particularly in terms of trust and decentralization, and how blockchain technology can play a crucial role in establishing a more scalable and reliable model.
00:00 - Introduction
00:11 - The Challenge of Verifying Media Authenticity
00:26 - Overview of Nodle's Offerings
01:03 - The Evolution of Nodle's Technology
02:21 - The Role of Citizen Journalism in Modern Media
03:54 - Using Blockchain for Media Verification
04:50 - Image Authentication and Metadata Security
05:26 - Wireless Network Creation with Smartphones
06:38 - Real-World Applications: Asset Recovery
07:33 - The Future of Connectivity and Microcomputers
08:05 - The Debate: Custom Hardware vs. Smartphones
09:18 - The Shift Towards a More Open Future
10:01 - Decentralization and Trust in the Digital Age
10:11 - Conclusion and Future Outlook
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Sep 18, 2024 • 42min
Building a Next-Gen Blockchain with Movement Labs
In this episode, Mahesh sits down with Rushi Manche, the founder of Movement Labs, to explore the dynamic world of decentralized physical infrastructure (DePIN) and the Move programming language.
The conversation begins with a look at the innovative work of the Solana team, particularly the unexpected success of the Solana Saga phone, which has piqued interest in Web3 products. Rushi offers his insights on how DePIN is disrupting industries typically controlled by a few large authorities, such as energy grids and telecommunications, by decentralizing control and enabling broader participation.
As the DePIN Summit approaches, Rushi shares his excitement about the growing number of projects in the space. He notes that, while DePIN currently represents only 7% of the altcoin market cap, its potential to transform trillion-dollar industries is substantial. The discussion also covers the critical issue of security in blockchain, with Rushi reflecting on the billions lost to hacks each year and how Movement Labs is working to enhance blockchain security and accessibility.
Rushi underscores the importance of innovation and experimentation in the crypto world, especially for younger founders entering the space. He shares his own journey, emphasizing the value of mentorship and community support in navigating the challenges of building during a bear market.
The future of the Move programming language and its wide range of applications, from decentralized GPUs to novel projects like sentiment-based memory bracelets, is also explored. Rushi's vision for Movement Labs is clear: to build a decentralized ecosystem that empowers users and fosters real-world blockchain applications.
00:00 - Introduction
00:51 - Introducing Rushi from Movement Labs
01:26 - Understanding DePIN
03:30 - Mentorship in Crypto
04:54 - Building in a Bear Market
06:20 - Focus on Move Programming Language
08:25 - Security in Blockchain
09:08 - Making Security Attractive
10:48 - User Identity and Data Security
12:46 - DePIN's Role in Security
15:17 - Catalysts for DePIN's Growth
16:57 - Decentralization and User Experience
19:22 - Use Cases for Movement
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Sep 16, 2024 • 48min
Verifiable AI Agents with Axal
In today’s episode we welcome back co-host John Wu and introduce Ash Ahmed, a recent Harvard College graduate and co-founder of Axal. Ash shares his fascinating journey from being a competitive debater to the world of startups and cryptocurrency.
We discuss the unique bond between Ash and his twin brother, who is also making waves in the venture space with a non-invasive Neuralink startup. Ash discusses the entrepreneurial spirit fostered at Harvard, the challenges of building a company while still in college, and the importance of reflection in his decision-making process.
Ash explains how Axal aims to create a network for verifiable autonomous agents, making tasks easier and more accessible for users. He highlights the intersection of AI and blockchain, the utility of Axal's token, and the vision for the future of crypto and task fulfillment.
00:00 - Introduction
01:06 - Introduction of Guests
01:57 - Sibling Rivalry and Competition: Ash's Twin Brother
04:19 - Different Paths: Ash and His Brother's Journeys
06:17 - Entrepreneurship in College
09:18 - Finding Funding and Building Axal
10:42 - Advice for Mentors in Startup Accelerators
12:26 - The Importance of Ambition and Hustle
16:46 - Reflections on Personal Growth and Maturity
17:12 - Introducing Axal: The Platform Overview
21:00 - Exploring Other Vertical Opportunities for Axal
23:23 - The Role of UI/UX in Product Development
24:34 - Comparing Computer Science Education Across Universities
26:10 - The Entrepreneurial Spirit at Harvard
27:25 - Token Utility and Ecosystem Dynamics
30:57 - Future Vision: Axal's Role in the Crypto Landscape
33:11 - Advice for Aspiring Entrepreneurs in College
36:06 - The Pressure of Early Career Decisions
37:32 - The Value of Banking Experience for Entrepreneurs
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Sep 11, 2024 • 13min
Building a Global Decentralized Manufacturing Network with 3DOS
In this episode, Connor talks to John Dogru of 3DOS about the evolving landscape of 3D printing and its implications for manufacturing and entrepreneurship. John, a seasoned veteran in the 3D printing industry, discusses how the expiration of key patents in the mid-2010s has led to increased competition, driving down costs and improving quality. This democratization of technology has made 3D printing more accessible, allowing individuals to start their own businesses with multiple printers at home.
They explore the current state of the industry, highlighting advancements in desktop printers that now rival expensive industrial machines. John shares insights on the diverse applications of 3D printing, from medical devices to everyday household items, and how it is becoming a staple in various sectors, including automotive and IoT.
The conversation shifts to the broader economic implications of manufacturing, emphasizing the need to return to a model where value is derived from producing goods and services rather than financial engineering. John advocates for a balance that supports productive individuals in society.
They also discuss the journey of building a startup in the decentralized manufacturing space, including the importance of aligning with the right investors and choosing the right blockchain technology. John shares his vision for 3DOS, which aims to streamline the connection between design and manufacturing while expanding into a global distribution platform.
Overall, this episode provides a fascinating look at the future of 3D printing, the potential for decentralized manufacturing, and the importance of creating a sustainable economic model that prioritizes real production.
00:00 - A discussion on the history and advancements in 3D printing technology
01:02 - An overview of the current capabilities of 3D printing
03:23 - Exploration of how increased competition and lower costs are shaping the 3D printing landscape.
05:18 - A conversation about the importance of returning to a production-based economy versus financial engineering.
06:28 - Insights on fundraising and selecting the right blockchain for startups in DePIN
08:41 - Reflections on the benefits of a flexible work lifestyle and how it enhances productivity.
10:36 - Discussion on the future goals of 3DOS
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Sep 9, 2024 • 11min
Behind Frictionless Capital’s Unwavering Support for Solana
In today’s episode Connor was joined by Logan Jastremski, an investor and co-founder of Frictionless Capital. They delved into the evolving landscape of venture capital in crypto, particularly focusing on the DePIN sector, which has gained significant traction over the past six months.
Logan shared his insights on the importance of conviction in the face of skepticism, especially during challenging market conditions. He reflected on his unwavering support for Solana during its bear market, emphasizing the significance of understanding the underlying technology and its potential for scalability. His experience at Tesla shaped his perspective on the physics of blockchain architecture, reinforcing his belief that certain design elements are essential for long-term success.
They also discussed the role of his podcast in building a network and reputation within the crypto community. Logan expressed how the podcast serves as a platform for founders to share their stories, which not only benefits them but also enhances his understanding of the industry. He highlighted the importance of asking better questions to facilitate meaningful conversations.
As they wrapped up, Logan articulated his hopes for the DePIN sector, emphasizing the need for robust infrastructure to support scalable applications. He believes that decentralized physical infrastructure networks have the potential to revolutionize the way we utilize blockchain technology.
00:00 - The Nature of Venture Capital
01:01 - Starting the Podcast
02:46 - Building a Network Through Podcasting
04:08 - Conviction in Solana
06:51 - Understanding Blockchain Architecture
08:35 - Focus on the Deep End Sector
10:16 - Product Focus in Crypto
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.
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