What to look for in DePIN projects: Tribe Capital VC
This is an excerpt from the Empire Bulletin. To read the full editions, Subscribe. If I were to sum it up, I would say that there are three main reasons why Tribe Capital’s Evan Park is bullish on DePIN. Use cases, sustainability, and of course revenue potential. Tribe has supported a few DePINs including Wynd Networks ( Beyond the Grass Company), Wingbits and Akash flight tracking project. When looking at DePIN projects, the biggest question Park asks is whether or not the project “solves a problem where real demand can be generated.” Specifically, when Park is shown, he is skeptical…