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Drew Volpe
@drew
Sia is 10 years old! One of the very first DePin projects, still going strong https://x.com/sia__foundation/status/1931064868158763312
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Daniel Fernandes
@dfern.eth
Didn't know it was still going after David left. I think they had some of the right ingredients at the start, but most DePIN projects figured out "actually we don't need to run an L1" and pivoted to use Solana or Eigenlayer. altL1 premium doesn't seem to exist for DePIN, which is interesting...
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Drew Volpe
@drew
David and Luke are brilliant and were way ahead of the curve. Sia launched before Ethereum, so they had to build their own L1. This is the original announcement on Bitcointalk from 2015: https://bitcointalk.org/index.php?topic=1060294
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Drew Volpe
@drew
I co-led their seed round a little after this and was on the board of Nebulous. Was amazing watching them cook. Still disappointed it didn't end up as something bigger.
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