EP-17 Covalent: First Infrastructure Arthur Hayes Supported

In this episode, we talk with Ganesh Swami, the co-founder of Covalent, about the transformative potential of Covalent's data infrastructure within the Web3 ecosystem. Ganesh provides insights into how Covalent enhances blockchain data accessibility and reliability, making it more competitive and efficient for developers and users alike. He discusses the business model, scalability challenges, and the importance of data availability beyond the challenge window. Ganesh also highlights Covalent's competitive edge, their strategic decisions, and upcoming developments, including partnerships and the launch of a new token, CXT.

Text summary: wublock.substack.com

Shownotes:

00:00 Brief Intro to Ganesh & Covalent

01:26 Covalent's Business Model & Profitability

03:38 The Importance of the Ethereum Wayback Machine

07:38 Impact of the Wayback Machine on the Ecosystem

10:15 Competitors and Covalent's Advantages

13:27 The Concept of Long-Term Data Availability

14:36 How does Covalent use AI in its operations?

17:40 Issues with AI Data Bias and Decentralized Data

20:58 Why Did You Decide to Migrate from Moonbeam to Ethereum?

26:51 How Did You Convince Arthur Hayes to Join the Team?

36:44 Buyback of CQT Tokens from FTX Bankruptcy Trustee

43:35 Market Plans and Strategies for the APAC Market

46:42 Managing the Market Value of CQT Tokens

52:23 Upcoming Improvements and Final Thoughts