PEP-48: Quarterly Reporting through Messari Protocol Services

Appreciate the feedback here. On behalf of Messari protocol services we understand the missed opportunity, and will work with Jack & team to strengthen the ongoing relationship moving forward. It’s important to clarify that these are not commissioned reports that POKT invests into. These are bespoke pieces written by a separate research group within Messari.

  • For the theses: These opinions formulated with the end of year report are strictly the opinion of our CEO Ryan Selkis. To be transparent 90% of DePIN and other web3 infra projects weren’t directly mentioned.
  • For the recent DePIN piece: The enterprise team has been redefining what should be considered DePIN, and have been leaning towards excluding blockchain infra networks due to them solely being used for crypto. The notion of the team feels that DePIN needs to be more classified towards networks that have utility outside of the crypto ecosystem.

We’ve been thinking about a further taxonomical breakdown as it’s too broad at this point - the narrative our analysts have been following is applications that are exogenous to crypto, but built on web3 rails (ex wireless, geospatial, energy, etc.) as that has been the more recent developments to the space. The enterprise team in the past between 2022-2023 has covered POKT in a few of their reports, its difficult for them to provide coverage within all published DePIN reports from their side.

That being said POKT is commissioned within the protocol services arm of Messari. Our main priority is to create transparency powered by actionable insights while remaining objective/unbiased as possible. These reports are distributed through the best tradfi platforms in the space (Bloomberg, S&P Capital, and Refinitiv.) The eyeballs viewing these reports encompass over 10 trillion in AUM ranging between the top asset managers, hedge funds, VCs.

Will set up a call asap with Jack & his team to find ways to improve the relationship moving forward. This feedback has created internal discussions around RPCs and the lack of recent coverage. I wouldn’t be surprised if this sparks an appetite for future coverage of POKT in 2024. I’m happy to address any further question the community has, please feel free to shoot me over any further feedback as we look to resolve these grievances.

3 Likes

Thanks, D. It was disheartening to see other core web3 providers like Akash and Storj, who provide similar decentralized services, highlighted while we were ignored. I understand that desire to refine what DePIN means to Messari, but as long as those projects are mentioned, POKT fits into that thesis.

POKT isn’t just strictly for crypto, although that’s where it’s found its most common use case. We are building out to be a broad services decentralized data provider, with the current focus on supporting LLM inference models for DecAI, as written about most recently by Grove’s CEO. As POKT expands beyond RPC and gRPC into webhooks, Restful APIs, and other data sources and types, it is well positioned to be the middleware of the internet at large.

As Michael wrote here:

Pocket can support any open source service or public database. Specifically, Pocket will now be able to support open source LLMs hosted by node runners . Hosting an open-source model such as Llama 2 is simple and inexpensive. Unlike a blockchain which is stateful and needs to continuously sync with the network, LLMs are stateless and only need periodic updates, done manually, when the model is updated.

Framing POKT purely as a crypto RPC provider misses the vision entirely. Much like Akash and Storj, POKT is part of a much bigger picture for open data and the open internet at large. The community would very much like to see Messari treating that appropriately.

Thank you for joining here, and for your response.

9 Likes