2
0In 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
