Tribe Capital’s Evan Park Shares Key Insights on Evaluating DePIN Projects
Tribe Capital’s Evan Park is optimistic about Decentralized Physical Infrastructure Networks (DePIN) for three main reasons:
- Use cases
- Sustainability
- Revenue potential
Tribe has invested in several DePIN projects, including Wynd Networks, Wingbits, and Akash. Park emphasizes the importance of addressing real demand when evaluating DePIN projects. He scrutinizes revenue figures to ensure they originate from the underlying network.
Key considerations for Park include:
- Are users also validators?
- Is data contributed by individuals generating revenue?
- Organic growth and validation of demand
A strong team with domain expertise and crypto experience is crucial for success in DePIN projects, according to Park. This aligns with insights from Wyatt Lonergan of VanEck Ventures, highlighting the significance of project teams in this sector.