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DePIN DeepDive: PowerPod 🔋
Recorded: July 23, 2024 Duration: 0:55:57Space Recording
Full Transcription
Alan, you okay?
Oh, yeah.
I can hear you loud and clear.
All right.
And who do we have over here?
Ting?
Yeah.
Zero X Ting?
Yeah, Ting.
Father of PowerPod.
Father of PowerPod.
Ting.
Amazing.
Yeah, great.
Alan, can we get a quote tweet from the main handle saying that this is live?
Yes, sir.
Absolutely, you can.
Cool.
All right.
We will get started in just a few minutes.
This is, we usually get these started a couple minutes early.
And then who else do we have joining from the PowerPod side of things, Ting?
Community Manager, Penny.
She came online about five minutes.
Amazing.
Oh, here.
We have Amrit Raj as a speaker.
Is that with the PowerPod team?
I do see so.
Yeah.
I don't know.
Yeah, let's, I won't remove these people from speakers at the moment.
Okay, everyone, we'll get started in just a few moments.
Today, we're talking about PowerPod.
We're going to see how PowerPod's vision for the centralized Internet of Energy unfolds.
We've got the founder here, Ting, and we'll get started in just a few moments.
We'll get started in just a few moments.
Ting, where are you based out of?
Right now?
Sure.
I mean, it's not very successful right now.
Oh, amazing.
Amazing.
Let's see.
I'm going to get some stuff queued up here.
Share it a space.
Here's a little background.
Oh, I thought I put it on the big board.
There it is.
And is the PowerPod handle going to be joining as well?
Yeah.
I push her.
Sorry for, because she's in New Zealand.
Ah, yeah, yeah.
That's a big, very big difference on the time zone.
Yeah, yeah, yeah.
It's 7 a.m. in the morning.
Yeah, absolutely.
Well, we'll give it another two to three minutes, and then we'll get started here pretty soon.
Ting, are you going to DevCon?
DevCon?
You mean Nashville, right?
I'm sorry?
Nashville.
Yes.
Or for Trump's speech about Bitcoin?
Yeah, I hope so.
Yeah.
Or DevCon, it's in Thailand.
Yeah.
So, it's not a study.
I mean, at the end of this weekend, there's Bitcoin conference in Nashville, right?
Right, that's right.
So, Donald Trump will give a speech.
Yeah.
We will attend Token 2049 in September in Singapore.
We will host a D-Ping, you know, advertisement.
So, we hire 100 electric vehicle car to late, all T-Ping projects, can advertise our, you know,
in the car, you know.
There's a lot of the flexible advertisement LED, so you can just log our application and put an advertisement on it.
So, this is literally the D-Ping, you know, go-to method option.
People can feel what is D-Ping, right?
And also, you can ride a free, you know, free taxi from hotel to venue.
Ah, that's good marketing right there.
That's a smart move.
Yeah, I believe in the future, every, you know, terminal user from our ecosystem, they can just buy a $50 electric, you know, LED advertisement board.
It is very simple.
It is very cheap.
So, help them make a little bit of money.
It's a natural way for D-Ping projects, yeah.
Amazing.
Okay, well, we'll go ahead and get started in this AMA.
If anyone in the audience has questions, please feel free to raise your hand, and we'll go ahead and get started.
But first, Ting, let's get a little bit of background on you, why you decided to start PowerPod, and just, like, just some general background on yourself, I think would also be interesting.
Yeah, my name is Ting.
I'm a father of PowerPod.
We started PowerPod two years ago.
There's even no D-Ping or D-Ring, this kind of narrative.
From the first beginning, we just want to build an application.
We want to use blockchain to make our transparency, you know, more transaction, more transparency.
Because we have background, we are number one provider for Tesla Home Charger.
We shipped over 1.8 million slow chargers for Tesla, for Tesla users.
So, we want to actually build a last mile network for our terminal user can join the network to make money.
So, at the first beginning, this idea is very simple.
But, you know, after two years, the whole narrative has changed dramatically, and the D-Ping is a hot topic in the whole, actually, industry.
But, the way we look back, especially from my old experience, past seven years, I'm the former CBO and the co-founder of Quartray.
You know, Quartray is a high-performance scalability platform, what will compete with Ether.
And that time, we are named the Ether Killer.
But we all killed by Ether.
So, not only Quartray, but also Zilliqa.
I believe in near protocol or Harmony, this kind of platform.
Because we lack of the community, and the most important thing is the timing, the time is not coming.
So, two years ago, I realized, actually, there's lots of the, you know, after Deepin Summer, after AFT Boom, there's lots of technology stacks.
We can just use them.
We can just wrap them to a beautiful product.
So, finally, I realized I have, actually, interested in building some real product to resolve some real problem.
So, combined on my background in working for Tesla, we want to do this kind of thing.
So, the whole story behind the power product is very simple.
We want to use blockchain.
We want to use Deepin Fashion to organize hundreds of thousands or even millions of the charger to a unified network to provide an open access bowl and globally for more electric vehicle users.
So, yeah, we are just in the beginning of the beginning for the whole, you know, whole Deepin sector, the past one year is just the beginning.
For PowerPod, I think, actually, after, you know, after one year struggling, we want to create some real use case.
Not just a lot of the, you know, miners, okay, machines, all these kind of the hardwares.
We have to create some real users' daily use case.
So, PowerPod is one of them.
Yeah.
This is my background.
Yeah.
I hope, actually, yeah, everyone get it.
Oh, yeah.
That was super helpful.
And I think that helps to provide a lot of context for where you're coming from and the mission that PowerPod has.
Because PowerPod does have this vision for a decentralized Internet of Energy.
And I'm wondering if you could kind of explain how, like, how does PowerPod aim to connect, like, EVs, charging stations, solar panels, and energy storage?
Because that's the plan, right?
Is to connect this and create, like, this decentralized marketplace for this type of energy.
Correct?
Yes.
I think, actually, this question is the most important question in our whole conversation today.
Because, you know, PowerPod vision right now is to create a decentralized Internet of Energy.
But we have to separate what is vision, what is mission.
So, right now, our vision is this kind of thing, just like Tesla.
But we, our mission is we want to collate all these kind of EV, charge stations, solar panels, and energy storage to a unified network.
So, it's a little different.
But, yeah, this is very important.
So, right now, you know, our energy system globally is pretty one-way, just from the grid to terminal users.
And it relates heavily to big companies.
So, this setup has really, hasn't really changed much since electricity was invented one and a half century ago.
So, electricity is a commodity with no storage.
At a poor outrage, at a high energy bills are common problems all over the world.
Like, I live in California.
Every year, there will be stopped maybe eight to ten times, one, maybe once, three days, or even a whole week.
So, this is a disaster in the future, especially when AI is becoming more widespread.
I believe the energy issue will become a challenge for everyone.
But over the last 30 years, you know, in material size, like solar panels, laser batteries, and energy storage materials,
we have started changing how we produce and use energy on the user's size.
So, the electrification of the auto industry is a big game changer.
Right now, we have over two billion gas cars globally, but we only have 40 million electric vehicles.
So, on average, you know, every 200,000 electric vehicles can store the same amount of energy as a one gigawatt nuclear power plant.
So, if we had 200 million electric vehicles in the future,
we could store the equivalent of 1,000 nuclear power plants worth of energy.
So, this is a massive energy storage.
This brings us the concept of Internet of Energy.
Each household could store, you know, excess solar power for their roof and sell it to nearby community members.
So, I believe in the future, hundreds of millions of households could achieve a level of energy independence.
So, ideally, even don't need to pay for energy bills anymore.
So, to make this happen, I think we need two key things.
One, highly digitalized electricity market.
And another one is blockchain technology, like D-Ping.
So, we can, you know, ensure the energy use and the transactions are transparent and automated, just like Bitcoin.
So, this is exactly what PowerPoint is working to build.
I think this is the fundamental logic for this Internet of Energy.
Yeah, this is our vision.
But, yeah, vision is a little bit different.
And this is how I understand the, actually, the philosophy behind PowerPod.
That's, thank you.
Thank you for that.
Yeah.
And so, like how, you know, there's obviously incentives to make this work.
So, I'm wondering, how does PowerPod's, you know, this blockchain-based system, how does it incentivize individuals and businesses, too, I'm assuming, to share their private EV chargers with the public at large?
Yeah.
If you notice, actually, I say the chargers, infra chargers, you know, for electric vehicles is a little bit different from Internet of Energy.
So, this is how we start our, actually, ecosystem.
So, I believe decentralized Internet of Energy starts by establishing an output charging network.
So, any individual or business can join this network.
Like, if you have a charger, you can buy an adapter.
If you don't, you can purchase an integrated charger.
Also, if you operate a charging station, a small company, you can join the network using the open OCPP communication protocol.
So, we use zero-knowledge proof technology to verify energy consumption.
Even as an electric vehicle user, like a Tesla user, you can also join and join our network at our token rewards for charging through ZK technology.
So, we incorporate all electric vehicles related to infra into our network reward system.
So, we are building an interconnected network through various hardwares, softwares, and protocols.
Yeah, this is my answer.
Okay, yeah.
And so, yeah, can you tell us a little bit more about that?
Like, you do have, like, the PowerPod Pulse1 charging adapter, right?
And it does use ZK proofs to enable users to earn token rewards while charging.
Like, how does it do that exactly?
And maybe if you could just tell us more about PowerPod Pulse1 charger adapter in general.
Pulse1 is the number one ZK proof charger globally.
That's why we work, actually, over two years in this hardware product.
It's a small adapter, but it's very complicated.
It's quite different from the conventional charger.
We integrate a STM chip and also Intel's TE, a trusted execution environment framework.
And besides that, we also embedded, like, all these wireless modules, like Qualcomm's Wi-Fi, 4G, 5G, or even in the future, Helium wireless network.
So, it's a little complicated right now.
So, for the ZK, you know, the TE will handle off-track computing.
It will be securely processing data and verifying consumption of energy before we're transmitting the necessary proof of data to blockchain, to different blockchains.
So, this means we don't need to directly handle sensitive user data, like VIN, vehicle identification number, or personal identification information, like people's name, address, or contact details.
We don't touch it, we just use ZK to prove it, and we can know the original of this kind of data can be trusted, it can be verified.
This is very important.
So, we can still verify, you know, like I said, the authentication of this kind of data without touching these sensitive data details.
Because in most countries right now, in auto industry, in the charging industry, it's highly regulated, like GDPR, like our hardware proof, we get anti-certification.
All this kind of data, we have to do it.
So, this is the real thing.
This is actually a fatal product we have to resolve before we go to market first.
I think this setup allows for efficient and private verification of energy usage.
So, it's enable users to or to reward without compromising their data.
The combination of the T and ZK proof ensures integrity and confidentiality to the entire process.
So, but additionally, if you are just an electric vehicle user, like Tesla owner, we verify your charging data, like past three months or five months.
We use ZK proof, we use ZK proof without needing access to your Tesla account.
So, this is how we use, you know, ZK in two parts, hardware and also the transmission, transmitting of the data.
Okay, that's really, that's really interesting.
And so, let's talk about like the differences between like a decentralized network like this and like the traditional centralized EV charging networks.
Like, how would you describe, Ting, like the key benefits of PowerPod's decentralized approach versus those traditional centralized EV charging networks?
Like our team working in this industry for past nine years.
You know, the secret of the charging station business is that it's a location-based business model.
So, just like a 7-Eleven or McDonald's.
So, the location determines the profitability of EV charger station, not other things.
So, let's give, let's give, let's give a number.
So, if the, the, the ratio of car to public charger is 10 to 1.
So, if we want to add 1 million, 100 million new EV in the future, it will require 10 million public charger, which means 10 million parking spaces.
So, one parking space for 10,000 US dollar, that is a 100 billion investment, right?
Which centralized companies cannot afford.
That's why, like, ChargePoint, EVBox, EVGo, all these NASDAQ listed public companies, actually their, their performance is disaster.
So, why, because unlike gas station, you know, gas station can sell cigarettes or alcohol for extra revenue, but a charge station only earn for charging fees.
So, this, this is secret, I told you.
So, proper advantage is that users already owe this kind of, like, parking space or hardware.
So, we do not need to pay this environment separately, right?
We just give them rewards and incentive to owe a passive income.
It's similar, like, how Airbnb operates with 8 million house without owing the properties.
I think, initially, users who owe the charging facility can even help with the maintenance.
It also reduces the network cost.
So, finally, centralized platforms have a strict administration criteria for which charger station can join in, which cannot.
But, in contrast, we welcome all types of hardwares.
We maximize, we maximize, we maximize the interconnectivity network.
This is actually a different, difference between, uh, PowerPod in a DP fashion, build our network to traditional platform like ChargePoint, EVGo.
This is actually the differential between the business model.
Okay, and I feel like another key piece to, to this model is the tokenomics.
And so, can you describe a little bit about PowerPod's tokenomics and, you know, what can users do with the PPD token within the ecosystem?
Yeah, so I think, uh, uh, uh, uh, to better integrate, uh, you know, like miners, uh, and the operators, uh, or the terminal users, users into our network, we have designed a dual token model, the utility token, PT, and the governance token, PVD.
So, so, so PT is generated by physical miners, uh, has no cap, and, uh, isn't listed or any exchange.
But the PVD is capped at 100 million tokens, uh, just like Bitcoin.
So, we have, uh, we have, uh, four-year halving mechanism.
We use the auction mechanism to convert PT to PVD.
So, it will, it will create, uh, market-driven exchange rate.
So, this setup ensures PVD's price, you know, the fluctuation of the price doesn't affect the, the, the production of PVD.
PVD. So, which PVD can be used within the ecosystem to redeem, like, various products or services?
So, it, it has its utility at avoiding strict regulation, right?
Right? PVD is just a utility token, uh, no price.
Uh, uh, actually, uh, you know, most deep-in projects don't realize the regulation in different governments.
So, we have to separate it.
And this also allows PVD to focus on network governance and protocol innovation.
Just like MakerDAO, right?
DAI, the relationship between DAI and MKR.
So, the value of PVD came from, came from, came from requirements that anyone, uh, want to seek, uh, commercial benefits from the PowerPoint network.
And, uh, prior to MarketLy, they have to stake a certain amount of PVD.
So, after each charging session, a portion of PVD will be burned.
So, initially, the service fee from PVD is 5 to 8 percent, I think right now.
Uh, but we will, uh, decrease it, uh, gradually to, to, to 3 percent.
But, you know, compared to a centralized platform, the tick rate will be 20% to 30%.
So I think actually the mechanism is really about the business model of PowerPod and how we capture the value and how we give the value back to our token holders and network contributors.
So we also, we have to take consideration about the regulations and all these kinds of the requirements.
Yeah.
Yeah, that makes sense, especially in the regulatory environment that we've been in lately.
It's definitely important to pay attention to that.
Okay.
And what role does Polygon play in PowerPod's tech stack or ecosystem in general?
Yeah, I learned a lot from, you know, Facetive, and also I believe Polygon has a long vision in DP.
I believe Polygon not only playing this kind of role in PowerPod, but in the whole DP sector.
So right now, you know, we are looking for a stable, decentralized, and low-cost infra.
You know, this is the most valued in the principle in whole industry.
Right now, after the ETF proof of Bitcoin and Ethereum, no one cares about permissionless.
I think this is wrong.
We have to, you know, we have to know where we came from, where we go.
So this kind of the, actually, fundamental philosophy and belief is what I, at PowerPod, value most.
So with this massive community, also with, like, the community, the NFT community from Polygon,
I believe Polygon has a deep understanding of the terminal user's needs.
And in the future, Polygon can support scalability and rapid growth of the DP industry.
Like, also, like, Polygon continues to upgrade and focus on greater openness and interoperability.
I think our vision for creating an open DP ecosystem in the same way with Polygon.
So in the future, it will be, help us to build connection with millions of electric vehicle users and charging infra to operate efficiently on the blockchain.
So this is how Polygon actually playing, actually, the valuable role in PowerPod.
But this open and evolving infra is essential for the, you know, for the whole, for the future of the whole decentralized internet of energy.
I think, actually, this is very different from current centralized model right now.
I think, yeah, that's, I think that's a good point.
And, yeah, I think, you know, when you look out, you know, on the horizon and what's to come,
Deepin is definitely one of the main priorities that we focus on at Polygon Labs.
It's always kind of been around, I think.
It's, you know, like, even, you know, even as, like, as long as, like, five years ago, like, there's been Deepin projects.
But I think it's really taken to about right now, 2024, and then I'm excited to see what 2025 brings as well.
For that infrastructure to really be there and for people to really understand the importance of, you know, and the cost, potential cost savings of how this infrastructure actually works.
And, yeah, I think Polygon, you know, we're very happy to support the Deepin projects and Deepin ecosystem in any way that we can.
And then on that note, too, like, I think, you know, now that we're starting to see more and more adoption of Deepin, like, on the supply side and the demand side,
there also comes the idea of, like, you know, the security and reliability of these projects.
So, you know, how does PowerPod see or ensure even the security and reliability of its charging networks, giving its decentralized nature?
What kind of hurdles are there?
I guess you're talking about the fact that decentralized applications made up of various protocols and the middlewares, so it can have many security weather abilities, which we have seen frequently during the Deepin summer.
So when we design PowerPod, we divide the core components into three parts.
We use hardware access, hardware access, data transmission, and payments, or transaction.
So for hardware access, we ensure a broad connectivity at the use of the most reliable hardware supply chains.
In data transmission, we adhere the minimal data usage principle and enable, employ technology like ZK, you know, and TE.
For the four payments, we offer both fiat and stablecoin payment options to, you know, minimize user disruption.
So I think actually with these three, with these measures, we can guarantee that the system, we cannot guarantee the system will be 100 secure or no error.
However, however, I believe in the advantage of the blockchain is openness and honesty, right?
We aim to collaborate extensively with community members and our ecosystem builders.
So in my view, the value, the value we bring to terminal users with this application is with substation.
So by eliminating single port of failure, I believe the system will be more serviceable in the long run.
So I, yeah, I admit it.
There will be lots of the security challenge, but we have to actually keep our very basic principle and work with community.
This is how we resolve the problem.
Yeah.
Okay.
Yeah.
I think that's a, that makes perfect sense.
Um, and so in that sense, like what are some of the biggest challenges that power pod does face in building this decentralized EV charging network?
And I don't know.
Yeah.
Like just what are some of the, like the, maybe things that you didn't quite, uh, think would be a big issue that, that have become a big issue or, or just general hurdles.
I think it's always interesting to hear.
Yeah.
But frankly speaking, building a decentralized, uh, you know, charging network, um, has a huge opportunities and, uh, equally significant challenges.
I think the biggest challenge right now is balancing the gradual development of the application with the rapid growth of the community, you know, because the web security community don't have this kind of patience.
Um, but then you knew you, you, you are building a deep in projects, you are deep, you're building real products.
So the products need to be delivered stand by stand to ensure a good user bearers, right?
Because any rushing can lead to mistakes.
So I think actually, um, this is, uh, this is a trade off.
This is also, uh, you have to, you have to face this kind of the, uh, challenge, um, but the web security community, so push for every project to go faster and faster, but the DB projects must break, break away from personal blockchain narratives.
Narratives, you know, all in, in, in, in the, in the, in the past days, all, I believe our projects will be, is lead by, you know, by narrative, by community first.
No product, no terminal users, but currently there are the more, I believe there are, there is more, um, noise than signal.
No, so for every team, patience is crucial.
So it's like difference, you know, between classical and quantum physics.
You can't view web3 from a web2 perspective or vice versa.
So engaging actively with the community while, uh, staying true to our mission, you know, or, or admission, uh, vision, uh, to create, uh,
high quality products and, uh, you know, the user experience is the most, most essential part.
That, that's interesting.
Yeah.
There's always, there's always like very unique aspects to everybody, but the, but those are the ones that you would say, right?
Yeah, I, I believe so.
Yeah.
You have to use, because actually you have to keep a small team.
You're not a big web2 big company.
You have 100, 100, or even 1,000 team members.
No, you have a very small team.
You have to actually keep the, build the access step by step.
But the community team don't have this time.
They want to make money.
Just like one day after two days, they just don't want to give money, get money back.
So, um, yeah, this is, uh, this is a hard thing.
Hard thing.
Hard is the hard thing.
You have to know who you are, what you are building.
Yeah, absolutely.
And so I feel like the, the integrating part, you know, is also can be difficult.
So like, how does, like, how does PowerPub plan to integrate with already existing EV infrastructure and manufacturers to, to like ensure, uh, this widespread adoption?
What are the strategy, strategies there, I guess, is what I'm asking.
Yeah.
This is, the strategy is how we see DePing.
You know, what is DePing?
I, I, I, I think DePing is a, you know, is a temporary solution.
It's a bridge, you know, not the final destination.
The bridge is, uh, connecting real world assets with DeFi.
So collaborate with the existing platform and manufacturing.
We have to employ two strategies.
First, we offer a free charging management software.
We give it away.
We don't charge any fees.
The second thing is we integrate with DeFi to turn any charging infrastructure into RWA.
You know, so this tokenization of RWA helps this kind of business company, uh, quickly, uh, get their investment back.
So this month, uh, maybe this, uh, end of this week or next week, our first batch of DePing-based RWA charge station, uh, will, uh, will be alive in Southeast Asia.
So, uh, uh, by the end of this year, we aim to connect 10,000 charge stations and 150,000 EV users through this approach.
You know, so this is, uh, our philosophy, uh, the strategy is very simple.
I believe DePing-based RWA is the solution.
All right.
And, uh, you know, let, let's look out down the road a little bit.
I'm going to ask you about your roadmap, but first I just kind of want to get still like just a, the vision part of it.
It's like, you know, what potential impact do you see PowerBot having on just the broader transition to sustainable transportation and, and energy systems?
Yeah.
Um, I think PowerBot's greatest value is to prove one thing.
It's, uh, it's a DePing approach can, you know, can establish, uh, a public goods or infra, you know, for energy network compared to Web2, which means we don't only have Web2 counterparties.
We also have Web3 solutions, just like Airbnb, you know, or Hilton, you know, there's no, uh, one big, uh, hotel company can owe millions of rooms.
But Airbnb can have any million, uh, you know, properties.
So just like, uh, the same, like, likewise, no centralized platform can owe millions of charge stations.
But a power product can have tens of millions of charge points globally.
So I believe this approach, the philosophy is mostly positive.
We can prove this kind of thing worked for the whole society.
We also think, actually, the world needs more, you know, um, you know, charging in front, um, um, not, you know, Tesla is not enough.
Right now, Tesla controls everything.
Tesla have SolarCity, MegaFactory, Tesla car, uh, supercharger, and also, um, um, PowerWong.
All this kind of thing.
It's a beautiful solution.
But only one Tesla is not enough for our whole, you know, society, for whole world, for the whole world.
We have to, you know, we provide a non-profit, you know, non-profit protocol or platform.
I think, actually, this kind of solution can co-exist with the centralized platform.
Um, but we, we, we will do it in a, in a much, much, much larger scale.
Uh, just like, uh, you know, just like, uh, you know, Airbnb and, uh, uh, traditional hotels.
Yeah.
I think that's, uh, I think that's, uh, I think it's, uh, a good mission and a good strategy to have.
Um, uh, another question I have here, and we're about to wrap things up.
So, um, but it is about your, your roadmap.
You know, can you share any details about PowerPod's roadmap for expanding its network and introducing new features?
Like, what, what, what on the roadmap, um, is the most exciting for you, uh, that, that really sticks out?
You know, at PowerPod, we focus, uh, our primary focus is on, uh, building robust application rather than trying to become a platform, uh, at the first beginning.
So our roadmap follows that approach, um, follow a bottom, bottom up approach.
Uh, you know, um, it's quite different, like, uh, other projects, uh, they want to build a platform at the first beginning, they take a top-down approach.
So we are different.
We, PowerPod, we build our whole system, uh, follow this kind of bottom up.
Uh, beginning, we beginning with, um, solidifying, uh, charging infra.
So once our community members, you know, start earning from this kind of the network, small, small loop, at the first beginning, we will introduce energy storage services.
Uh, because at that time, it will allow some users to profit from electricity, uh, you know, uh, arbitrage, because the, the, the price of the electricity is, in the night is a little bit lower.
Uh, they can store it and resell it to other members in the day, in the, in the, in the daylight.
So this will be creating more cash flow, uh, for this kind of the, uh, community members.
And it will be also help us improve the services for our terminal users.
So building all these two parts, we aim to integrate the solar panels and, or other affordable energy resources.
So then it will be, uh, it will enable energy dependence for households.
Like I said, the vision for PowerPod in the future is, I believe nobody needs to pay, uh, you know, energy bill for big company or government anymore.
Uh, because the material size, uh, uh, improvement.
Uh, so this, this is, uh, you know, this is, uh, uh, uh, very different, um, we believe this method is, is effective.
So starting from the basic, I think it will be help us ensure a strong foundation and a gradual and a sustainable and a scalable, uh, growth in the future.
Amazing. And, you know, we're, we're kind of running up on time here a little bit, but I just wanted to give you just like a, another chance thing that, uh, you know, if there's anything that we haven't had a chance to touch on that maybe you wanted to address specifically, uh, just wanted to make, make that time available for you right now.
So, you know, is there anything that maybe we didn't get a chance to address that you want to right now or anything you just want the audience to know in general?
Uh, yeah, I, I, I believe actually for PowerPod, you know, you mentioned about the demand side, the supply side.
In, for PowerPod scenario, we did not create the, uh, the, the, the demand side because this kind of demands, uh, existing there, we just actually provide a solution for them to fulfill the, all this kind of the, um, um, you know, untouched, um, actually areas of people's communities, uh, like, uh, Tesla, you know, Tesla only popular in several countries or several cities.
Consider about globally.
Um, we need actually more affordable and more, you know, vast, accessible solution for, for actually terminal users.
So, um, the, in deepening, I, I think right now, we, deepening at, uh, at the very first beginning, it's an active meme meme.
It's an active meme, right?
But right now, most of the deepening projects go to memefication.
We, we, we want to build a memefication of deepening to, to back to, you know, this kind of the Solana things.
I think actually it's a, I like it.
I'm also a meme holder, but I think it's not enough.
Right?
There's always some people to build something real.
So this is a philosophy.
This is a challenge for every father's.
So this is the one thing I want to share to you, to be honest.
Yeah.
If I, like, especially for power father, we have to, you know, we have to build this kind of hardware, software solution protocols.
We wrap them together to, uh, to build a, uh, real use case.
It's, it's a very hard.
I, I believe so.
The, the most of the hard thing, you have to actually keep the, all team members in the same pace.
They have to believe this philosophy, believe this philosophy and also the future.
Yeah, um, yeah, this is, uh, um, frankly, frankly speaking, but so far so good.
Yeah.
We, we, we already deliver our first batch, uh, hardware globally in both the U.S. and European, also, um, Abu Dhabi and Dubai.
So people like our products.
I, I, I, I feel that finally we, we provide, we find a way in blockchain to, we can create a,
real, real users before we have, you know, all these kinds of scammers, all these kinds of the DeFi farmers, investors, holders, but no terminal users, right?
Daily users.
So, yeah, this is the most beautiful thing of DP and the most of the challenge, challenge, challenge, challenge part of it.
Yeah.
Absolutely.
I, no, I, I couldn't agree more.
And I think that, uh, I, I think what PowerPod and the team is building is, is pretty incredible.
I think, you know, the deep end ecosystem provides a lot of very unique use cases that, you know, and it's all about just trying to achieve that flywheel effect really.
And it, it sounds to me like the PowerPod team is kind of like a lot of strategy and a lot of plan in place and, and the infrastructure too already.
And so, um, really excited to just, you know, stay in touch as we will, uh, as we work, uh, you know, uh, together on, on bringing deep in more and more deep into polygon.
Um, but yeah, I really appreciate you coming on today, Twitter spaces with us.
And, uh, yeah, I just, I just want to say really appreciate it.
Yeah.
It's also my honor.
Uh, actually this is the first, uh, MA, uh, with the polygon and all pulling, pulling goods, right?
We are pulling goods, right?
That's right.
That's right.
We're the polygoons up here.
That's right.
Yes.
Right.
That's right.
Yeah.
Uh, yeah, I, I, I will follow the path.
Uh, uh, so how is the CDK, what the progress and what, what will bring new values for the industry in the future?
I want to learn more.
Oh, on our end.
Yeah.
I think, I think the most exciting part on that is, you know, kind of what you said, like we've got polygon proof of stake chain, which anyone can deploy, you know, their project on, of course.
And then, you know, with polygon, uh, CDK, you know, it's really just like a, uh, you write CDK things for chain development kit.
It's really a toolkit for developers so that they can build out their own infrastructure, their own blockchain, their own layer two blockchain that settles to Ethereum.
Uh, but it doesn't have to settle to Ethereum either.
That's just, that's just the out of the box type thing, right?
Like we've got the tack team, uh, who is building a layer two scaling solution with polygon CDKs, you know, the kit.
Um, and it's, uh, it's settling to the, the ton blockchain.
However, it's also connecting to the ag layer.
And I think, you know, the majority of everything we do right now is kind of focused on building the ag layer and that infrastructure out because that provides a much better user experience in cross chain composability.
And, and just cross chain interoperability, um, for any chain that's connected to the ag layer, that's, that's really going to, uh, make a huge difference in the user experience and, you know, that shared liquidity.
And I, I think it's something that we've been missing in the space for a long time, especially in Ethereum with this fractionalized, uh, not fractionalized liquidity, but just fragmented liquidity across different layer two scaling solutions.
And so to provide this aggregated network called the ag layer, that any blockchain, whether it's, uh, EVM or Solana VM or move VM or our, you know, any type of virtual machine can plug into this ag layer.
So it's really just, you know, it's, it's for the crypto industry as a whole, but the proofs for the ag layer do settle to, to Ethereum, but, you know, uh, more to come on that in the coming, uh, couple of months.
So everyone, uh, get it, get excited for the ag layer.
It's, uh, it's, it's one of the most exciting things for me that's, that's happening right now in the crypto space that, um, obviously I, I always feel like not enough people are talking about it.
So that's, that's kind of my two cents on what's going on on the Polygon side of things.
Yeah, great.
That's great.
You know, the interesting part is for PowerPoint, we build our connection with, with, uh, you know, like demo, like Jordan, Nate and the witness chain at the first beginning, I, I don't realize they all use blockchain or Polygon, but the, after a while we realized, Hey, uh, for the first time we create upstream and downstream in the, you know, auto industry or energy industry.
Oh, this is very interesting, you know, um, you know, the father of the, the demo, uh, told me and the Polygon team is a very interesting, uh, you guys never over promise other deliver, but you under deliver under promise over deliver.
I think, Oh, this is, this is quite good.
This is quite good for DP, DP ecosystem, right?
Uh, because DP in quite, like I say, quite different from a meme, uh, we, we do not want to rush.
Uh, we do not want to actually just the succeed, succeed, succeed in one day and the file in another day.
So this, this is, uh, I, I think actually this is, uh, um, you know, for the first time, like I say, we create, we, we, uh, create a one industry, uh, at this industry chain.
We, uh, will actually create much more value, just like Missouri actually write in their report that last day, last year.
In the future, the whole DB sector will hit about five to three to five trillion.
But how do we achieve it?
Oh, yeah.
I, I, I, I totally expect that as well.
Yeah.
I think that's, I think that would make perfect sense, actually.
Yeah.
Yeah.
Great.
Yeah.
Well, yeah, I just want to say thanks again, Ting, for joining.
And thanks to everyone in the audience who is listening.
This is our deep end, deep dive on PowerPod.
Go follow Ting and his profile, and then follow the PowerPod Twitter handle as well to learn more and to stay up to date.
Um, all right, everyone, that about wraps it up.
Everyone have a great rest of your week and we will see you next time.
Thanks everyone.
See you next time.
Bye-bye.
Bye-bye.
