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What to look for in DePIN projects: Tribe Capital VC

What to look for in DePIN projects: Tribe Capital VC
Tribe Capital's Evan Park is bullish on DePIN (Decentralized Public Interest Networks) for three key reasons: use cases, sustainability, and revenue potential. Tribe has invested in several DePIN projects, including Wynd Networks, Wingbits, and Akash. When evaluating DePIN pitches, Park focuses on whether the project solves a real problem with high demand and generates revenue from the underlying network. He pays attention to where the revenue comes from and whether users are also validators or contributors to the network. Park also values organic growth and validation of potential demand. A strong team and a founder with deep knowledge in the space are significant factors for Park. This consideration of the team is crucial in the DePIN sector, and having domain expertise in the industry combined with crypto-native experience is important.

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