EV3: The Future of DePIN

Lesson 2.2

EV3: The Future of DePIN

Mahesh is a Harvard alumni with a background in Economics & Religion. With experience at Goldman Sachs and Apollo Global Management, he is now considered a leading figure in DePIN! Mahesh has been instrumental in promoting this sector to institutional investors and supporting builders in the space.

EV³ isn’t just investing; they’re terraforming the financial landscape. These visionaries believe the next $100 trillion of global GDP is hiding in open infrastructure networks.

Get ready to ride the next industrial revolution. With Mahesh and EV³, you’re buying a ticket to the future. It’s time to stop thinking small and start dreaming in trillions!

Knowledge check

1. What is the name of Mahesh's early-stage investment firm focused on the DePIN ecosystem?
  1. DePIN Ninja
  2. EV3 Ventures
  3. Hotspotty
  4. DePINHub

Answer: EV3 Ventures — Mahesh is the founder of Escape Velocity (EV3), which includes EV3 Ventures for early-stage investments.

2. According to Mahesh, what percentage revenue growth does the median surveyed person anticipate in the DePIN sector over the next year?
  1. 50%
  2. 100%
  3. 150%
  4. 200%

Answer: 150% — The median estimated revenue growth in the DePIN sector is 150% over the following year, as per the survey.

3. What is the approximate percentage of total altcoin market cap represented by DePIN tokens, according to Mahesh?
  1. 2%
  2. 8%
  3. 15%
  4. 25%

Answer: 8% — Mahesh states that DePIN tokens currently constitute about 8% of the total altcoin market capitalization.

4. Which of the following is NOT a category of DePIN networks as described by Mahesh?
  1. Hardware networks
  2. Labor networks
  3. Financial networks
  4. AI services

Answer: Financial networks — Mahesh categorizes DePIN networks as hardware networks, labor networks, and AI services. He does not mention financial networks.

5. What example does Mahesh use to illustrate the concept of internet-native business models in DePIN?
  1. Helium
  2. Ethereum
  3. Bitcoin
  4. Solana

Answer: Helium — Helium serves as an example for internet-native business models, demonstrating how people can contribute without formal employment.

6. What key characteristic of DePIN allows individuals to work with strangers on the internet?
  1. Decentralization
  2. Trustlessness
  3. Anonymity
  4. Open Source

Answer: Trustlessness — The trustless nature of DePIN, enabled by consensus mechanisms and verification, eliminates the need for personal trust in collaborations.

7. According to Mahesh, what potential advantage does DePIN offer to small businesses?
  1. Reduced marketing costs
  2. Access to global talent
  3. Simplified regulatory compliance
  4. Lower transaction fees

Answer: Access to global talent — DePIN enables small businesses to access a global talent pool and crowdsource resources like labor and digital commodities.

8. What does Mahesh suggest is crucial for small businesses incorporating DePIN into their operations?
  1. Focusing on short-term profits
  2. Creating a valuable token
  3. Building a large team
  4. Securing venture capital funding

Answer: Creating a valuable token — Mahesh emphasizes the importance of designing a token with inherent value to ensure long-term engagement and community support.

9. What real-world event does Mahesh cite as evidence of blockchain technology's potential to challenge governments?
  1. The Arab Spring uprisings
  2. The Brexit referendum
  3. The US presidential election
  4. The Venezuelan presidential election

Answer: The Venezuelan presidential election — Mahesh mentions the Venezuelan presidential election, where cryptography revealed discrepancies in the reported results, as an example of blockchain's potential impact on government transparency.

10. What event did EV3 organize in New York in August '24?
  1. DePIN Revolution
  2. DePIN Conference
  3. DePIN Summit
  4. DePIN Meetup

Answer: DePIN Summit — Mahesh mentions attending and hosting the DePIN Summit in New York a couple of weeks prior to the DePIN Revolution event.