In today's episode Jason is joined by Kyle Samani of Multicoin Capital and Dmitriy Berenzon of Archetype for an in-depth debate on the emerging decentralized physical infrastructure industry. They analyze the complex economic flywheel effects that drive growth, including how token incentives align infrastructure providers and fuel liquidity and value. The discussion covers considerations around hardware needs, revenue models, and mainstream adoption challenges. They also assess the differences between B2B and B2C models, approaches to token issuance, and evaluating timing for mainstream adoption. We hope you enjoy!
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Timestamps:
01:24 What is DePIN?
09:33 Barriers to DePIN
21:40 DePIN Flywheel
24:22 B2C vs B2B DePIN Designs
33:41 Arbitrum Ad
34:28 Harpie Ad
35:43 CapEx & OpEx Costs
45:00 Filecoin Thesis
49:28 Best Token Issuance Models for DePIN
55:56 Open Sourcing Hardware
57:48 Active vs Passive DePIN

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

Debating the DePIN Flywheel: Token Incentives and Business Models | Kyle Samani & Dmitriy Berenzon

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