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crypto.news 2024-12-30 09:03:07

Multicoin co-founder predicts $100M in combined revenue from key decentralized projects

Multicoin co-founder predicts $100M in combined revenue from key decentralized projects

Multicoin’s Kyle Samani forecasts that Helium, Hivemapper, and io.net will collectively exceed $100M in revenue by 2025. Kyle Samani, co-founder of Multicoin Capital , recently forecasted that by the end of 2025, the combined revenue of Helium ( HNT ), Hivemapper ( HONEY ), io.net ( IO ), will surpass $100 million. Samani tweeted that these decentralized enterprises are already generating over $50 million annually and are expected to triple that figure in the coming year. He also emphasized that 2025 will be a pivotal year for decentralized physical infrastructure networks , particularly those built on the Solana blockchain, which is expected to reach new heights and play a key role in reshaping industries by decentralizing critical infrastructure. . @Helium @Hivemapper and @ionet combined are producing >$50M in revenue today Pretty sure these 3 will exceed $100m by EOY 2025 Plus the many other DEPINs on Solana 2025 will be looked back on as DEPIN’s breakout year — Kyle Samani (@KyleSamani) December 29, 2024 Multicoin Capital is a well-known venture capital firm that focuses on cutting-edge technologies aiming to decentralize and scale critical infrastructure. The firm invests in both private equity and tokens for blockchain projects, supporting entrepreneurs through multiple rounds of financing in both private and public markets, starting with seed capital. Notable investments include innovative companies like HNT, HONEY, and IO all of which are working to disrupt traditional industries with blockchain-based solutions. You might also like: Helium price could enter beast mode, technicals suggest HNT is a decentralized wireless network provider known for incentivizing individuals to set up long-range, low-power wireless hotspots. By enabling anyone to participate in the network and earn tokens in return, HNT is transforming wireless communication infrastructure through blockchain technology. Another significant project in Multicoin’s portfolio is HONEY, a decentralized mapping initiative that combines user-generated content with blockchain technology to create a global map that anyone can contribute to and profit from. Finally, IO focuses on decentralized cloud computing, providing infrastructure for high-performance applications. Samani’s tweet also highlights Multicoin’s broader commitment to decentralized innovation and its support for projects like Solana, which aim to drive the development of decentralized infrastructure and services on a global scale. These initiatives are changing sectors and setting the stage for a day when decentralized networks will power tomorrow’s infrastructure as the globe shifts toward more decentralized solutions. You might also like: Honey surges 43% driven by Hivemapper network expansion

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