Proof of Coverage

In today's episode, Connor interviews Shayon Sengupta, an early investor in DePIN. They discuss the rapid growth and potential of DePIN as a business model innovation enabled by crypto. Shayon highlighted the importance of both supply and demand sides in the DePIN space, emphasizing the need for pragmatic approaches to onboarding demand. They also touched upon the unique blend of applications and infrastructure in DePIN networks, with a focus on tokenomics and value transfer. Shayon shared insights on his role as an activist investor, providing valuable guidance to portfolio companies to increase their probability of success. He emphasized the significance of being involved in decision-making at the product and distribution side, leveraging his expertise in product development. Overall, the conversation delved into the evolving landscape of DePIN, the importance of token design, and the role of investors in supporting founders in the crypto space. It was an insightful discussion that shed light on the potential and challenges of DePIN networks. 00:00 - Intro 00:57 - Introduction to DePIN’s Business Model Innovation 05:30 - The Debate Between Applications and Infrastructure in DePIN 07:25 - Investor Activism and Support for Founders Although our guest this week is an Investment Partner of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.

Sami Kassab, a DePIN OG and former co-host, dives into the burgeoning world of decentralized AI projects. He discusses the significance of the Bittensor ecosystem, revealing its innovative approach and real-world value creation. Sami highlights his transition from crypto operations to a focused investment role at OSS Capital, sharing valuable insights for aspiring crypto VCs. Their conversation spans the importance of niche specialization and the transformative potential of merging crypto with AI, showcasing how these projects can create tangible impacts.

In today’s episode, Connor discusses the importance of real-world verification in the DePIN network with Raullen Chai from IoTeX. They explore the challenges of ensuring devices in the network perform as expected and provide minimum levels of service. Raullen highlights IoTeX's approach to addressing this issue through device integrity, data privacy, and verification processes. The conversation also delves into IoTeX's recent 2.0 launch, focusing on modularizing the tech infrastructure to make it more accessible to builders and developers. Raullen emphasizes the need for more DePIN projects in the market to test what works and what doesn't. Furthermore, Connor & Raullen touch on IoTeX's longevity in the crypto industry, attributing their success to a dedicated team, long-term vision, and adaptability to industry trends. 00:00 - Real World Verification Challenges 01:24 - Pain Points in DePIN Projects 02:36 - Democratizing DePIN 03:18 - IoTeX's Approach to Real-World Verification 04:28 - Longevity and Success of IoTeX

In this engaging discussion, Ben Schiller, a crypto journalist from CoinDesk specializing in DePIN, shares insights on the significance of decentralized physical infrastructure networks. He highlights the shift from speculative crypto investments to practical, revenue-generating applications. Ben emphasizes the need for unique perspectives in DePIN coverage and the potential for more unicorn companies to arise in this space. With increasing interest and experimentation, he invites listeners to contribute their thoughts on the evolving DePIN landscape.

In today’s episode, we had Jonathan from SkyTrade as our guest, discussing the current state and future of air rights in the drone industry. Jonathan highlighted the use cases of air rights in real estate, views protection, and overhangs. He also emphasized the importance of drones and cargo drones in the future of low-altitude transit. Jonathan shared insights on how SkyTrade is revolutionizing the air rights market by enabling homeowners to monetize their airspace through a marketplace and a drone radar app. He also discussed the plans for landing and refueling stations for drones, emphasizing the potential for infrastructure development in the drone industry. Additionally, Jonathan hinted at the possibility of a native token for SkyTrade in the future, with tokenomics already in progress. Overall, the episode provided valuable insights into the evolving landscape of air rights and the role of SkyTrade in shaping the future of the drone industry. Timestamps: 00:00 - Introduction to SkyTrade and Air Rights Market 05:30 - Motivation Behind Writing Publicly and Building a Following 10:30 - Current State and Future of Air Rights Use Cases 19:48 - Future State of Air Rights and Use Cases 29:48 - Discussion on eVTOL Market and Concentration of Companies 35:32 - Enforcement and Regulation of Air Rights 36:34 - SkyTrade's Plans for Landing and Taking Off Stations 39:54 - SkyTrade Token Plans and Usage Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

In this episode, Connor, Sal, and Mahesh discussed the recent DePIN Summit and reflected on the highs and lows of the event. They talked about the importance of bringing the DePIN community together in person to foster collaboration and innovation and shared their experiences with recording the podcast in-person and the overall success of the Summit. We also touched on the feedback from other founders and investors on the SBC conference and how DePIN stands out with its focus on both infrastructure and applications. The hosts highlighted the energy and optimism present at the summit, especially in sectors like telecom and energy. Overall, the episode emphasized the importance of making noise about DePIN and the exciting developments within the community. The hosts expressed their enthusiasm for the future of DePIN and the growth potential of the sector. 00:00:00 - Intro 00:05:30 - Mahesh's Talk and Venue Atmosphere 00:10:34 - Highlights and Post-Summit Reflections 00:13:04 - Plans for Future DePIN Summits 00:16:22 - Ping Pong Tournament Recap 00:17:13 - Discussion on SBC Conference Criticism 00:20:17 - Focus on Telecom and Energy Sectors 00:21:46 - Watch the DePIN Summit Talks!! Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

In this episode, Connor and Mahesh are joined by Karam Lakshman, the founder of the Dabba Network, a wireless network project in India. Karam shared the journey of Dabba, starting from a software consulting company to the deployment of Wi-Fi hotspots across India. The unique model of decoupling hotspot ownership and deployment was highlighted, allowing for foreign investment and scalability. The founder discussed the competitive advantage of Dabba in terms of pricing and coverage compared to traditional telcos in India. The episode also touched upon the upcoming token launch for Dabba, following the buy and burn mechanic for data transfer usage. Overall, the episode provided insights into the innovative approach of Dabba in providing affordable and widespread connectivity in India. 00:00:00 - DePIN’s Expansion 00:05:30 - Global Networks and Deepin's Unique Approach 00:10:46 - Significance of Dreams and Personal Reflections 00:15:20 - India's Growing Wireless Networks 00:17:35 - Dabba’s Origin Story and Progress 00:23:44 - Considering the Helium SubDAO model 00:25:51 - Transition to Mainnet and Token Launch 00:29:08 - Location and Geography in DePIN Networks 00:31:22 - Helium’s Network of Networks Concept 00:34:02 - Supply and Deployment Model of Hotspots 00:37:44 - Demand Side and Data Usage 00:41:42 - Power of Community Assets in the DePIN Model 00:42:29 - Tokenomics Overview and TGE Plans Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

In this episode, Connor & Sal are joined by Jason from Daylight. They delve into the world of energy and blockchain technology with a focus on the Daylight Network. The conversation touched on various topics, including the concept of energy as a commodity, the challenges and opportunities in the energy industry, and the evolution of the Daylight Network from its inception to its current state. The discussion also explored the idea of peer-to-peer energy trading, the role of liquidity in decentralized networks, and the importance of separating governance and economic rights in protocols. Jason shared insights on the Medallions model, inspired by taxi medallions, as a way to simplify operational overhead and provide a fixed amount of energy capacity to users. Additionally, the conversation touched on the topic of fixed versus variable total token supplies and token inflation. Overall, the episode provided a deep dive into the intersection of energy, blockchain technology, and token economics, offering valuable insights and perspectives on the evolving landscape of decentralized networks. 00:00:00 - Introduction to Energy and Electricity Demand 00:01:01 - Discussion about DePIN Summit and Twitter Engagement 00:03:29 - Networking on Twitter 00:08:06 - Discussion on US Government Crypto Policy and Regulatory Changes 00:08:39 - Overview of Energy Industry and Future Infrastructure Needs 00:12:33 - Comparison of Wireless Industry and Decentralized Energy Movement 00:14:55 - Contribution of Flexible Energy Capacity and Energy-Backed Currency 00:15:34 - Discussion on Peer-to-Peer Energy and Market Structures 00:16:32 - Overview of Daylight Marketplace and Electrification Projects 00:22:38 - Evolution of React to Daylight, Bear Market Strategies, and Recent Funding 00:25:16 - Overview of Medallions Model and Separation of Governance and Economic Rights 00:30:23 - Helium Network and Sourceful HIP Discussion 00:35:16 - Insights on Sub-DAO Models and Token Economics 00:37:44 - Introduction to Medallions Model and Taxi Medallion Analogy 00:40:32 - Discussion on Medallions Model and Simplifying Operational Overhead 00:41:25 - Inflation Perspective and Token Economics for Daylight Network Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Kaledora Fontana Kiernan-Linn, Co-Founder of Ostium Labs, dives into the intersection of finance and innovative trading solutions. She discusses the flexibility of their trading model and how it leverages institutional liquidity. Kaledora illustrates the concept of 'perpification' and the unique noncustodial perp market for commodities. The conversation explores overcoming technical challenges to onboard real-world assets and the significance of swift decision-making in the startup ecosystem. Gain insights on how decentralized finance is reshaping trading strategies and user engagement.

Sal is joined by Tom Trowbridge, Co-Founder of Fluence Labs. Fluence’s DePIN platform frees developers from centralized clouds by offering natively decentralized, low cost, and verifiable compute. In today’s episode, we dive deep into the world of decentralized networks with real-world utility. We discuss the trade-offs of decentralization, share personal experiences transitioning into the crypto space, and explore the changing landscape of talent and innovation in the crypto industry. The conversation delves into Fluence's unique approach to attracting utility-focused compute providers to power a decentralized, fault- tolerant, low-cost cloudless computing platform. This episode is filled with valuable insights covering the benefits and challenges of decentralized governance in token economies. 00:00 - Balancing institutional background with entrepreneurial experience. 05:48 - Sal's crypto-interest sparked by the first dedicated Crypto VC funds in 2018. 11:30 - Fluence’s new-generation Aqua programming language for distributed systems. 19:00 - Approximating demand for FLT through CPU staking. 25:31 - Drawbacks against community-run governance and centralization. 38:05 - Governance-minimized DePIN protocols. 42:40 - Sal discusses decentralized energy projects he’s excited about. 49:57 - AI model training, e.g. Grass for text and Frodobots for robotics. 56:30 - Complex crypto network economics impact crypto cycles. Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.