

Proof of Coverage
Proof of Coverage
Home of the best crypto conversations
Hosted by Connor Lovely and EV3 Ventures | Built by Proof of Coverage
Hosted by Connor Lovely and EV3 Ventures | Built by Proof of Coverage
Episodes
Mentioned books

Oct 28, 2024 • 19min
Building a DePIN for Drone Mapping with Spexi
Alec Wilson, COO of Spexi Network, shares insights into an innovative drone mapping company transforming earth imagery. He discusses the use of underutilized drones for high-resolution imagery, surpassing traditional satellites. Alec elaborates on Spexi's unique 'Spexagons' system, allowing pilots to earn while capturing data. The conversation touches on regulatory challenges and the integration of crypto economics to enhance pilot participation, showcasing the immense potential of decentralized drone networks for various sectors.

Oct 24, 2024 • 23min
Building the First Programmable Datachain with Irys
Connor welcomes back old co-host Sami Kassab (now a Partner at OSS Capital) and guest Josh Benaron, founder of Irys, a next-generation data provenance and storage L1. They delved into the evolution of Irys from its origins as Bundlr, an L2 solution for Arweave, to its current status as a programmable data chain. Josh shared his insights on the importance of storytelling and writing for founders, emphasizing how effective communication can significantly impact hiring, fundraising, and overall success.
They explored Josh's unique journey, including his decision to drop out of university to pursue his entrepreneurial ambitions in the crypto space. He discussed the vision behind Irys, which aims to unify data services on-chain and support applications that rely heavily on data. Josh also addressed the differences between Irys and other projects like Filecoin, highlighting how Irys enables programmability at the data level, which he believes is crucial for mass adoption.
As they wrapped up, they touched on the future of decentralized applications (dApps) and the potential of DePIN networks. Josh expressed his bullish outlook on the DePIN space, noting its significant market fit despite being less hyped compared to other sectors like AI. They also discussed the upcoming token for Irys, with Josh hinting at a thoughtful approach to tokenomics that prioritizes community strength and sustainability.
Timestamps:
00:00 - Introduction
01:23 - The Importance of Writing and Storytelling for Founders
04:11 - Josh's Decision to Drop Out of University
06:54 - Transition from Bundler to Irys
10:04 - Irys vs. Filecoin: Differentiating Approaches
14:05 - Incentivizing Builders on Irys
16:57 - The Future of DeFi and Deepin
19:32 - Unified Layer for Permanent and Non-Permanent Data
21:14 - Tokenomics and Future Plans for Irys
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.

Oct 21, 2024 • 23min
DePIN is Booming
Co-hosts delve into the booming world of DePIN, exploring its rapid evolution and the challenges of categorizing an influx of new projects. Exciting insights from a recent event illustrate the growing interest and varied quality among founders. They discuss the balance between hardware and software solutions in this space, envisioning a hybrid future. The conversation also touches on the potential impact of upcoming elections on the crypto landscape, addressing how politics can shape innovation and market dynamics.

Oct 17, 2024 • 7min
Breaking into DePIN with Shaan from XNET
Connor had the pleasure of speaking with Shaan Chaudhari, his college friend and Chief Growth Officer at XNET. They reminisce about their early days in the DePIN space, particularly during the challenging bear market when investor interest was low and token prices were down. Shaan shared his journey and his pivot from potentially attending dental school to fully committing to the crypto industry, motivated by PoC co-hosts Sal and Mahesh, who encouraged him to take risks while he was young.
They discussed the importance of community building in crypto, especially during tough times. Shaan emphasized that showing conviction and leadership is crucial for inspiring others to join you on the journey, regardless of market conditions. He highlighted the sacrifices made by founders and the need for authenticity when reaching out to industry leaders, especially for newcomers looking to break into the space.
As they wrapped up, Shaan reflected on the growth of the DePIN community over the past few years and expressed excitement for the future.
00:00 - Introduction
00:36 - Taking Risks in Your Career
01:59 - The Excitement of DePIN
02:51 - Lessons from the Bear Market
03:44 - Building a Convicted Community
04:34 - Advice for Newcomers to Crypto
06:04 - Reflections 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.

Oct 15, 2024 • 30min
Building a DePIN for Improved GPS Accuracy with Geodnet
Dive into the fascinating world of Geodnet's multi-chain strategy, enhancing GPS accuracy through innovative technologies. Discover the impressive revenue generation and customer adoption across industries like automotive and agriculture. Learn about the advantages of their high-precision RTK network and how their tokenomics bring a unique deflationary effect. The discussion also highlights groundbreaking advancements in mobile GPS apps, aiming for centimeter-level precision and tackling challenges in difficult environments.

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.


