Western agreements may also be inseparable from Made in the East.

While the Meme craze temporarily subsided, DePIN projects in the Solana ecosystem are still quietly growing.

However, when we looked deeper at these projects, we discovered a phenomenon that you may not have noticed:

Although most of the core agreements and projects are led by European and American teams, their development, especially the hardware production and node distribution behind them, has formed a deep dependence on Asia.

Western agreements may also be inseparable from Made in the East.

How much does the entire DePIN track rely on the Asian industrial chain? How inseparable is it from the Asian market?

With the questions in mind, Shenchao TechFlow had an in-depth conversation with the three founders of the DePIN project, namely:

StarPower co-founder Laser;

Jambo co-founder James;

Edison, co-founder of CUDIS;

During the conversation, we talked to the three founders of the DePIN project about supply chain, Asian market and demand, and the relevance of DePIN to Meme and Trump policies. The following content is a compilation of the text after our conversation, and the audio version of the podcast is also launched simultaneously:

Small Universe Link:

https://www.xiaoyuzhoufm.com/episodes/67c31eccb0167b8db9d306b6

Spotify Link:

https://open.spotify.com/episode/3wRdDh1k2GcxHJnYPJq9gG? si=3WcJz90GRJq5LsP3AsJ07g

Background and project introduction

Shenchao TechFlow: First of all, please introduce yourself and some progress and situation of the current project.

Laser：

Hello everyone, I am one of the co-founders of StarPower. I entered the blockchain field in 2015 and worked for Wanxiang and HashKey as an assistant to Mr. Xiao Feng. I came out in 2021 to start my own business. Because I wanted to do something that had practical significance to the real world, I firmly chose DePIN at that time.

StarPower currently has two rounds of financing from Alliance DAO, Framework and Solana Ventures, and is an Alliance DAO student in the same period as Pump.Fun and MoonShot. We may also be the only Energy DePIN project Solana Venture has invested in.

James：

Hello everyone, I am the co-founder of Jambo. I am from China, but I grew up in Africa.

Jambo was founded in 2021, when it wanted to solve financial pain points in Latin America, Africa, and Southeast Asia. Because most users in these areas directly skipped the PC era and entered the mobile Internet era, we decided to build our products and services around mobile. Jambo’s first product is a Web3 phone that costs $99 and sold more than 800,000 units last year, covering more than 100 countries.

Edison：

Hello everyone, I am the co-founder of CUDIS.

CUDIS was established in 2023. Its establishment stems from my thoughts when I was investing in my early years: Since blockchain technology can allow us to truly own our own assets, can we also control our own health data in the same way?

We want health data to belong to users, and only by paying users can we obtain their health data. Based on this philosophy, we launched the first and second generation of CUDIS smart rings and also received a first-round investment of US$5 million led by Draper Associates.

Supply side: Western Agreement, Made in the East

Deep Trend TechFlow:on the market DePIN protocolbasicIt is dominated by the West, but no one seems to mention the hardware product manufacturing and supply chain behind the agreement.

China and even Asia as a whole are leading the way in smart device manufacturing, so you think,As an Asian backgroundFor your team, do you rely mainly on Asian supply chains? What are the specific production processes and sales models?

Laser：

Starpower’s core goal is to build a global platform for energy equipment interconnection. Therefore, we do not pay attention to who produces a product, but focus on being a party to the agreement to integrate with various energy equipment manufacturers. At present, China accounts for about 80% of its production capacity and market share in the new energy market, which is where our advantage lies. We are not directly involved in equipment production, but focus on integration and collaboration at the protocol layer.

In these three months, our focus is on promoting compatible energy storage batteries, covering two major scenarios: household energy storage and industrial and commercial energy storage. Through such cooperation, our products have successfully entered the Australia and European markets. We will provide additional token incentives to users who purchase these batteries. The core idea is to attract users who really have energy storage batteries or photovoltaics, so that they can receive additional incentives while meeting their core needs. In addition, we are also developing solutions for industrial and commercial energy storage scenarios. For example, we are recently cooperating with Hangzhou Deepseek Park to provide supporting industrial and commercial energy storage solutions.

It is worth noting that both Trump and Vice President Vance recently mentioned that the development of AI cannot be separated from the support of energy infrastructure. We believe that energy is a very important basic link, whether in China or Europe and the United States. Only by improving energy infrastructure can we further support the development of AI.

James：

If you pay attention to the DePIN projects on CoinMarketCap now, you will find an interesting phenomenon: among all the top ten or even 20 DePIN projects, about 90% of the teams and founders are from Western countries, but at the same time, the supply chain behind these projects relies almost entirely on Asia.

Jambo’s operating model is different from many DePIN projects. Many hardware-related DePIN projects usually require pre-sales for up to six months or even a year to raise funds, then find manufacturers to produce, and finally complete shipping. On the other hand, we can directly mass-produce hundreds of thousands or even millions of mobile phones because we make full use of the advantages of the China team. We have found three very excellent supply chain partners in Shenzhen and Dongguan, ensuring efficient hardware production and stable supply of parts. For those teams whose supply chains are not in China, I guess they need to solve supply chain problems through intermediaries and other methods.

But overall, the core of DePIN lies in the decentralization of the physical infrastructure network. Without the support of physical infrastructure, it cannot be called a DePIN project. However, most DePIN projects are currently concentrated in the United States (such as Hive Mapper, Helium, Akash Network, etc.), and few other regions can provide similar services. But we have noticed that the Asian team is emerging as the second wave of global power at DePIN. At the same time, Asia’s supply chain advantages also ensure the hardware production and delivery capabilities of these projects, which is very critical.

Shenchao TechFlow: When it comes to mobile phones made by Jambo, how do you view things related to your products such as mobile phone SIM cards and WIFI devices?

James：

This is a good question. To be honest, whether it’s a mobile phone, a ring or other device, hardware itself, as a hardware go-to-market strategy, is actually very unconventional. Generally, VCs are more inclined to invest in software projects because from an investment perspective, software is more scalable, which is more reasonable in any investment indicator.

However, I think hardware has a very large MOS (Margin of Safety) in terms of scale and is also a key success factor, because the value of hardware will be amplified as network effects form. The core value of hardware lies in what value it provides users, such as how much money it helps users make or how many like-minded community members it helps them find. I think this is the most important thing. Taking Jambo as an example, I think this can also answer the second question. Our biggest goal this year is the plan to “launch satellites into space” announced in TGE last month. The reason why we do this is to allow users around the world to be seamlessly connected. In the field of encryption, one of the biggest bottlenecks is accessibility and user experience, and the advantage of hardware is that it can directly solve these problems.

If you can own your own hardware, all user data will be concentrated in your system, and you can provide more value-added services to users based on this data. Just as WeChat initially expanded from an instant messaging tool to all aspects of the ecosystem. Take China and the United States as examples. In China, you can complete credit loans through WeChat; in the United States, any bank or emerging financial technology platform can provide you with financial support. However, in regions such as Africa, Latin America and Southeast Asia that lack a complete KYC system, mobile phone numbers are actually equivalent to a user’s credit system and identity verification. For us, Jambo mobile phones may be the first credit base that many users come into contact with. Through hardware, we can collect relevant data and help users access the broader financial ecosystem. This is a huge advantage.

Therefore, the hardware can be in the form of a mobile phone or other devices. The choice of hardware does not entirely depend on the mobile phone as a carrier. We chose mobile phones because it has certain advantages in our market strategy. In terms of SIM cards, our goal is to achieve a connection method that no longer relies on SIM cards by the end of this year. By then, all devices will be able to connect directly to the network through our satellites.

Deep Trend TechFlow:Thank you. Next, let’s talk about wearable devices. Regarding wearing, what opinions or experiences do you have to share?

Edison：

I agree with James’s view that hardware is a moat, while software can easily implement some single point functions, but it is difficult to sustain.

For example, many mainstream companies will no longer provide the source of health data after discovering that users have autonomy in health data. Hardware becomes particularly important at this time. Although the hardware start-up process may be gradual, when the market reaches a flashpoint, we believe we will see exponential growth. At the same time, this also tests our ability to control the supply chain.

Although the concept of DePIN was originally proposed by the West, the fact is that projects such as Helium and HiveMapper are seeking cooperation from Eastern hardware manufacturers and supply chains.

Take us as an example. Although we did not initially promote any products for the Asia-Pacific region, we quickly attracted a large number of users from Japan, South Korea and other regions to buy our products after the product was launched. We gradually discovered that the largest purchasing power in the entire crypto industry actually comes from Asia, and as the project develops, followers and traffic come from all over the world.The DePIN track provides the market with a bridge connecting East and West to a certain extent.In the past, there may have been a lack of such smooth channels to capture the attention of East and West integration, and the emergence of this track has made up for this gap.

Deep Trend TechFlow: I think the speeches of several guests emphasized a key point: Asia, especially China, plays a very important role in the production and supply side of the DePIN track. StarPower’s Starplug costs about $109, CIDIS’s smart ring costs $349, and Jambo’s phone costs $99.your productHave hardware costs been significantly saved due to Asian supply chains? I am very curious about the cost composition and profit proportion of these products.

Laser：

Clearly, production in Asia is the lowest cost option globally.

Currently, StarPower’s hardware costs are below 50%. Last year, we were very shocked when I heard that the Jambo phone sold for only $99, which is their strong strength in the supply chain and cost control.

Our situation is slightly different. Before TGE, we mainly targeted Web3 users, so we added more financial return attributes to the design and pricing of early hardware products. In addition to the functions of the hardware itself, we also provide higher mining incentives.

As the project gradually develops, our positioning is also changing. As a protocol layer, we will gradually downplay our direct participation in hardware production and focus more on protocol development and ecosystem expansion, rather than continuing to launch hardware devices produced and named by StarPower.

For example, future hardware may be battery equipment produced by BYD, Voltay and other manufacturers, but these equipment will support StarPower’s agreement. This model is similar to Helium’s ecological model.

We hope to further reduce hardware costs through cooperation with third-party manufacturers and expand the application scope of the agreement.

James：

Cost is always a key factor. In fact, Jambo is not profitable in hardware sales. Our strategy is only to achieve breakeven, because at this stage we pay more attention to user distribution. This is why Jambo’s first-generation phone is priced at $99, while the second-generation phone remains priced at $99 despite its threefold performance improvement.

You can compare the operating models of other companies. Take Solana’s Saga phone as an example. The first generation of Saga is priced at around US$1,000, while the second generation, which is transferred to China’s supply chain, has dropped to US$500. It can be seen that many Western companies are gradually realizing the importance of Asian supply chains in reducing costs through constant iteration.

However, it is worth noting thatAsia’s supply chain is not a simple“plug and play”pattern.Working with suppliers cannot be done just through a few online meetings.

To truly establish a cooperative relationship, you need to go deep into the factory and communicate face-to-face with key leaders in the supply chain. In particular, many Asian supply chain leaders are not familiar with the concept of Web2 or Web3, and it can even be said that their thinking is Web0.

Therefore, the process of communication and negotiation requires a lot of time and energy. Taking Jambo as an example, it was a very complicated negotiation process for us to persuade three supply chain manufacturers to invest in Jambo at the beginning, and at the same time reverse investment in them to establish a solid cooperative relationship. This is a non-ready-made model that needs to be built from scratch.

Overall, this cultural difference may be one reason why Western companies are making slow progress in taking advantage of Asian supply chains. But there is no doubt that the advantages of Asian supply chains are obvious in terms of cost and efficiency.

Edison：

CUDIS’s original $349 positioning was a thoughtful decision.

This is because the company was completely self-funded by us in the early days, and I personally invested a lot of money. So we have to ensure that the business continues to operate even without any financing. In other words, our business model needs to be profitable and able to generate profits so that users can expect from the company’s subsequent products and services.

China’s supply chain is not only a cost advantage, it can also provide higher-quality products at the same price point.

The advantages of China’s supply chain are also reflected in the diversity of choices——Companies can decide whether to develop high-end products, mid-end products or popular products based on brand positioning and provide corresponding services. In other countries, options are often very limited. In fact, almost all of the global supply chains of smart wearable devices are currently concentrated in China. Although there are some manufacturers in India, their production capacity is very limited and it is difficult to meet the needs of large-scale production. If a company needs to produce 1 million units of equipment, it still needs to rely on China’s supply chain to achieve scale.

In the long run, China’s supply chain clustering effect gives it significant advantages in hardware production and R & D. Whether it is chip design or process innovation, China’s supply chain ecosystem can continue to promote the renewal and iteration of hardware products. In other countries, due to the lack of this clustering effect, supply chains may be difficult to maintain due to insufficient customer numbers, making them unable to provide new products and technical support. Therefore,I think in the next 5 to 10 years,consumer electronicsThe production and R & D of similar hardware will still be mainly concentrated in China.

Deep Trend TechFlow: There is a project that is a friend of CIDIS——Pulse, their team is mainly from India, but Pulse’s Indian founder has lived in Shenzhen for a long time in order to better maintain close contact with the Shenzhen factory.

Edison：

It does.Many brands must be close to the supply chain if they want to do a good job in product development。We also have a team stationed in Shenzhen, running the supply chain and factories every day to follow up on the progress of new product development.

This is essential because only by being close enough to the supply chain can we truly understand which products are competitive and which products can win market recognition.

Especially for us, if the product itself is not competitive, users will not pay for it. Even if we invest a lot of resources in marketing and advertising, if the product itself cannot meet user needs, it cannot achieve long-term market value. Therefore, the core dimension is still product competitiveness.

Demand side: DePIN’s natural testing ground

Deep Trend TechFlow: Asian users have some unique behavioral characteristics,such asI like to participate in activities such as hairbrushing and hairdressing. In the DePIN space,What other user characteristics did you observe?Which countries in Asia are currently relatively popular?

Laser：

I think it mainly depends on the target user group of the project.

Before StarPower was at TGE, our target users were more Web3 native users. The needs of such users are relatively simple. They hope to be able to participate early in the project and get a return that matches their investment through forms similar to mining.

However, after the TGE project, especially after establishing connections with Web2 new energy manufacturers, our user base may gradually expand to Web2 users.

In terms of population distribution, users in the United States and Europe account for about one-third,Asian users are mainly concentrated in East Asia, accounting for about one-third.Among them, South Korea has a large number of users, accounting for about a quarter of the total. The remaining users are mainly located in Southeast Asia, India and Australia. Currently, Web3 users account for the majority. Of course, a small number of Web 2 users will buy our products, but the number of these users is relatively limited.

James：

On Jambo’s side, we divide the market into three main regions: America accounts for about 40%,The Southeast Asian and Asian markets are about 35%, and the African market is about 25%.In the Asian and Southeast Asian markets, the user distribution is mainly concentrated in Thailand, the Philippines and Indonesia, while the first-tier markets include South Korea, Japan and China, ranked in this order.

From the perspective of user characteristics, I think one of the biggest criticisms DePIN faces is the actual usage rate of users. For example, I may know a few people running nodes on the Helium Network, but I don’t know anyone who actually uses the network. This is not a criticism of Helium, but a common phenomenon in the industry.

The advantages of the Asian market are hereThe traffic and activity are very high。Taking GameFi as an example, the explosive growth in 2021 well illustrates this point.Asian users tend to embrace new concepts and technologies faster than U.S. users, which is partly a competitive advantage.

However, if we want to truly realize the operation of nodes and the actual use of networks, I think emerging markets may become an important growth point in the future. Here, the value of 1 dollar is much higher than in developed countries. As long as the project’s token economics are reasonable and can not only encourage users to run nodes, but also attract users to use the network, decentralized networks may be more attractive.

Edison：

At first, we didn’t fully realize the importance of the Asian market because of the widespread stereotype that European and American users were more concerned about health and exercise.

But from the perspective of market performance, Asian users are also very concerned about health and sports. In this regard, we also benefit from some projects like StepN. Their success in the Asian market has educated a large number of users. In the European and American markets, projects like Sweatcoin also helped users build awareness around exercise and health in the previous cycle.

Currently, our main target markets include the United States, South Korea, Japan, Singapore and the United Kingdom. Among these five countries, three are Asian countries. This is why since the second half of last year, we have invested a lot of marketing and community activities in the Asian region.

For example, after the WebX event in Japan, we organized a community event with more than 100 local Japanese users participating. Since most users can only speak Japanese, we also specially arranged for translation. This event made us deeply feel the high level of activity of users in the Asian market. Including the previous Social Challenge event on Twitter, we also saw the enthusiasm of Asian users.

It is worth noting that these users are not wool collectorsThis is a very interesting phenomenon.

Taken together, Asian users can be divided into two categories. One category is low-frequency users who may participate in some wool collecting behaviors; the other category is users with strong paying propensity and ability.

As long as the product has practical meaning to them, they are willing to pay for it. This is an important phenomenon we have observed in marketing and is also a key direction for our future development in the Asian market.

Shenchao TechFlow: I just heard you say that you held a marketing activity in the Japanese market. Many users are not native Web3 users. In a relatively closed market like Japan, Web3 haveIs it a high cognitive cost? How do you tell a user who has no idea about Web3 about Crypto and token incentives and get him to buy your products?

Edison：

In fact, the Japanese market was not promoted by us on our own initiative, but naturally formed under the promotion of some influential KOL.

They noticed our product and proactively forwarded it on Twitter. At the same time, we also had an invitation mechanism at that time. After users purchased the ring, they could invite others to buy it and receive rewards. This process attracted the participation of some non-Crypto users.

These users ‘understanding of the product is very simple: wearing a ring after purchasing it can not only earn a certain amount of income, but also help your health. Therefore, communication with these users will focus more on the actual use of the product and reduce the proportion of Web3. For example, how data is recorded, why the data belongs to the user, and the value that the data may bring to the user in the future. This is a significant advantage of hardware products, and the sense of substitution makes it easier for users to accept products.

Next, users may further inquire about the specific functions of the product, such as the principle of using the smart ring and App in conjunction with and the source of rewards. We just need to explain to them how the reward mechanism works and the logic behind it. Compared with the high communication costs in the past when explaining underlying technologies such as Bitcoin, Ethereum or Solana to users, now with the support of physical products, the threshold for users to understand is greatly reduced.

Deep Trend TechFlow: I just mentioned that hardware products are intuitively attractive to users outside the circle, but currently users in the circle seem to be more keen on Meme. In contrast, DePIN does not inspire user enthusiasm as Meme does.

In the current hot market environment of Meme, how do you view the future development prospects of DePIN Track? whether there will bebe Meme seizePressure on traffic and funds?

Laser：

The current round of Meme craze actually reminds me of the previous round of NFT craze and even the earlier ICO craze.

Although the specific form of each round is different, similar phenomena will always occur. At the same time, my personal feeling is that although DePIN has not reached a very popular level around the world, it has become one of the mainstream discussions in Western markets.

The characteristics of DePIN are that it can be implemented and has long-term development potential. Although Meme may attract tens of thousands or even hundreds of thousands of users every day in the short term, these popularity is often short-lived.

In fact, the rise of this Meme craze reminds me of our experience with the Alliance incubation project last year. At that time, Alliance invested in projects such as Pump.Fun, but Meme projects had not yet become a hot topic at that time. This kind of investment behavior itself is a non-consensus choice. Whether you are Web3 investors or industry practitioners, if you want to find real opportunities, you must dare to choose a non-consensus direction.

So I think the DePIN track project, whether it’s what we or other teams are doing, is an effort to generate real value to society. Although the development of DePIN currently takes time, I believe this year will be an important development year for DePIN. It’s just a matter of time.

James：

I very much agree with Laser that every phenomenon has its own narrative logic behind it, but there are also some differences between them.

Regarding Meme, I would like to ask a question: What is the nature of Meme Coin? For example, Trump, the most powerful man in the free world, also launched his own Meme Coin, which actually showed everyone that anyone can issue a Token as a market entry strategy. Whether it is the President of the United States or a new project party that has not yet funded, they can launch their own tokens through methods such as a fair launch.

So, what is DePIN? It requires fragmentation of tokens to encourage and reward different nodes and participants in the ecosystem. This is in sharp contrast to Meme Coin’s simple model.

On the one hand, the rise of the Meme Coin craze can indeed be seen that it has attracted market liquidity and attention. Whether it is AI Agents, DeFAI, or other popular concepts two months ago, they cannot compare with the popularity of Meme Coin. But from another perspective, it also provides inspiration for many new entrepreneurs and companies——They realized that they could issue tokens as a market entry strategy, and is no longer limited to traditional hardware or other forms of market strategy.

So I think there may be some very interesting new DePIN Track companies emerging in the future that may borrow this token issuance strategy to start projects. This makes me look forward to the future development of the DePIN track.

Edison：

The current Meme craze does not pose a threat to us.

Every industry has its own cycle, and Meme is just a big wave in this cycle. We don’t know how long this heat wave will last. Just like OpenSea, which was very profitable in the last cycle, has long lost its glory at the time. It is relatively lucky for us that we have chosen Solana as an important ecosystem to develop our business, which is a hot spot.

From the perspective of communication logic, the communication power of Token is greater than that of software, and the communication power of software is greater than that of hardware.。

As a company with hardware products, our spread is relatively slow. But if we issue our own Tokens in the future, what we do around Tokens will be easier to expand to more users and groups.

We never deny the development of Meme. From the second half of last year to the first half of this year, we can clearly feel that communication costs are decreasing. More and more people are beginning to understand the field of encryption, find the industry interesting, and are willing to try new things——This is not a threat but an opportunity.This doesn’t mean that we should chase hot spots, we just need to focus on what we are doing and do it well so that we can occupy a favorable position when the next wave of opportunities comes along.

Shenchao TechFlow: Although everyoneNot focusing on Meme Coin, but is it possible to use it as a marketing tool? For example, can you try to combine DePIN with Meme Coin, or even launch a Meme Coin related to DePIN devices, to promote your DePIN products and ecosystem in this way?

Laser：

Yes, what we are doing is really a bit difficult to understand. I can talk about our overall logic first: there is a lot of renewable energy (wind energy, light energy) connected to the power grid, and it brings great volatility. For example, photovoltaic power generation may exceed local electricity consumption during the day, but zero at night. It has very large fluctuations on the power grid, which is currently the most troublesome and difficult problem to solve in the global power grid.

At the same time, in the past two years, there have been various AIs and various computing power. The end point of computing power is actually that the demand for electricity is constantly growing, and both supply and demand are putting great pressure on the power grid. Therefore, a market demand was born: how to cut the peak and fill the valley with virtual power plants? To put it bluntly, you are like a reservoir. How to store excess electricity when electricity demand is low and release the stored electricity when electricity demand is high. It sounds simple, but it is very difficult to do, so we just want to do it with Web3.

But if we tell users such complicated things, the users may just turn around and leave.

So we will look at it from a product perspective. For example, this socket can help you save some electricity, and the energy storage battery can help you save some electricity, which makes it simpler and more direct. Of course, in the end, the success of this matter may still depend on web2, traditional markets and people. Just like Jambo’s most people in places like Latin America and Africa are web2.

James：

As Laser mentioned just now, this is really interesting. If you tell users these complex technical details directly, such as how we can help you optimize your technical process, users may turn around and leave immediately.

Because from a human perspective, the prerequisite for learning is to admit that you don’t know something. But in fact, most people rarely take the initiative to admit that they don’t understand something when communicating with others. This psychological barrier makes it very difficult to directly promote complex technologies.

In addition, CUDIS promotes products through KOL in the Japanese market is a very effective strategy. This distribution effect can be achieved in many forms, such as token airdrops, trading competitions or sweepstakes. These interesting activities can attract users to join the system and further enhance user stickiness through rewards.

A successful Web3 marketing strategy requires the following:

• First, convey a clear and clear core message to users, so that users know what your product is and what problems it can solve;

• Second, attract users through incentive mechanisms such as rewards and airdrops;

• Finally, build users ‘trust and expectations for the product. This approach not only attracts users, but also allows them to continue to participate and become part of the ecosystem.

Edison：

In fact, CUDIS has a relatively open attitude towards this area: we will not specifically create a Meme Coin direction, but we have indeed cooperated with many Meme Coin projects, and working with these Meme Coin communities can indeed create a lot of interesting activities and content. For us, whether we are organizing our own activities or providing support, we are willing to participate. Because our ultimate goal is to focus on users and help them solve practical problems.

In terms of positioning, the Meme Coin project mainly focuses on culture, attention and user engagement needs, while we focus more on solving users ‘needs in real life. The two are not in conflict, and I think this is a very efficient strategy.

Deep Trend TechFlow: I just mentioned Trump policy,thisWill it bring more opportunities to DePIN? In addition, will there be more supportive policies introduced in the future to further promote the development of this track?

Edison：

Overall, I think this is definitely a very positive signal. The U.S. President’s issuance of cryptocurrency is in itself a powerful global publicity campaign. If we look closely at the policy direction of Trump and Vice President Vance over the past year, we can find several key areas that are closely related to us: one is cryptocurrency, the other is artificial intelligence, and the third is energy. There is a clear logical connection between these directions, especially since AI and energy are often discussed together.

One of the problems currently facing the United States is the aging of the power grid, but at the same time the rapid development of AI has significantly increased power demand, which leads to a contradiction: if the United States wants to maintain its leading position in the field of AI, it must solve the problem of energy infrastructure. For example, an important item proposed by the Trump administration in Stargate some time ago is to build new power stations and energy storage facilities in Texas to support the development of AI and other energy-intensive technologies.

Therefore, I think the Trump administration’s policies are an important boost to the DePIN track. In particular, the popularity of AI and energy issues has helped us save the cost of educating many venture capital institutions. We no longer need to spend too much time explaining the meaning of the industry, and they even take the initiative to come to us for communication.

James：

In fact, I think Trump’s policy influence is very huge. It is not limited to the DePIN track, but can actually extend to any cryptocurrency field, even other industries such as technology stocks. For example, Trump launched Trump Coin on January 15. No matter which track you are on, mobility will be greatly affected.

Therefore, we need to pay close attention to the future policy trends of Trump and his team, especially whether these policies will attract more large companies to enter the cryptocurrency field and deepen their layout. At the same time, for project founders, whether it is a bear market or a bull market, they should focus on continuing to build. If the macro environment can keep up, it will undoubtedly bring more opportunities.

Edison：

The president’s personal issuance of coins actually sets a good example for everyone: as long as it is compliant, legal and reasonable, anyone can issue their own cryptocurrency. This kind of behavior is not only iconic in itself, but also attracts more people who do not understand cryptocurrencies into the field.

As for the longer-term policy environment, such as global political changes or leadership changes in four or five years, we cannot fully predict. But for now, although policies around cryptocurrency consumers and decentralized products (such as DePIN) have not yet been fully formulated, the overall trend will be more friendly.

Deep-trend TechFlow: With the continuous cooling of Meme, more and more users are paying attention to projects with fundamentals, and AI and DePIN are both such projects. We believe that the DePIN track is still worthy of attention this year, and more and more high-quality events will be seen.

Due to the shortage of time, our discussion for today ends here.I would like to thank you very much for your views and insights on track, industry chain and market trends. We will see you in the next podcast.

 

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