Raullen Chai, Co-Founder of IoTeX Proof of Coverage

Connor, Sami, and Mahesh are joined by Raullen Chai, Co-Founder of IoTeX. IoTeX is the platform for DePIN builders, combining a fast, secure blockchain with IoT and smart devices.

Raullen talks about how he fell in love with crypto when he tried to break Bitcoin (and couldn’t do it), why he dedicated his work in crypto to supporting DePIN, the competitive landscape of DePIN-focused L1’s and where IoTeX fits in, and how IoTeX’s hardware origins help them serve founders better. 



0:00 Cold Open

0:36 The State of DePIN Fundraising

2:10 How working at Google and Uber exposed Raullen to crypto

5:56 Why Raullen was moved to leave Big Tech to crypto

7:28 Raullen’s Multi-Cycle Learnings

10:04 Why DePIN?

12:18 IoTeX’s Role in the DePIN Ecosystem

15:38 The Competitive Landscape of DePIN L1’s 

18:23 What are DePIN Founders looking for in L1’s?

21:32 IoTeX’s W3bstream’s Value Prop

24:22 How IoTeX’s hardware expertise adds value to projects

28:10 Dedicated Hardware vs. Consumer Mobile Device Trends in DePIN

31:00 IoTeX’s Hardware Origins and Early Adoption

34:06 The Benefit to a DePIN Builder of the Marshall DAO

36:38 Lightning Round   

Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.