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State of DePIN 2025: The Resurrection
Jan 28, 2026

State of DePIN 2025: The Resurrection

DePINs generated $72M revenue in 2025 amidst the crypto bear market.

Sal Gala
Sal Gala
EV3's Credit Letter, Part 2
Nov 18, 2025

EV3's Credit Letter, Part 2

Lessons from a half decade advising and investing in lenders

Sal Gala
Sal Gala
EV3's Credit Letter, Part 1
Nov 14, 2025

EV3's Credit Letter, Part 1

Investing behind the maturation of onchain credit markets

Sal Gala
Sal Gala
Daylight Energy Raises $75M...
Oct 16, 2025

Daylight Energy Raises $75M...

...to turn homes into distributed power plants that support a decentralized network.

Sal Gala
Sal Gala
Presenting EV3's Adtech Thesis
Jun 17, 2025

Presenting EV3's Adtech Thesis

When other investors lean out, we lean in.

Sal Gala
Sal Gala
Value-Added Bandwidth
Jun 03, 2025

Value-Added Bandwidth

Sharing Our Newest DePIN Thesis

Sal Gala
Sal Gala
DePIN x Spatial Computing
Jan 13, 2025

DePIN x Spatial Computing

Cornering the market for 3D Maps.

Sal Gala
Sal Gala
DePIN x Water Recycling
Nov 24, 2024

DePIN x Water Recycling

Like solar and wireless, water sanitation is moving towards the edge.

Sal Gala
Sal Gala
DePIN x Physical Storage
Nov 17, 2024

DePIN x Physical Storage

Ever need a place to store your luggage safely for the day?

Sal Gala
Sal Gala
DePIN x Compensation
Nov 11, 2024

DePIN x Compensation

What if everyone got paid like hedge fund managers?

Sal Gala
Sal Gala
DePIN x Networking
Nov 03, 2024

DePIN x Networking

How do LinkedIn DMs evolve in a world full of AI agents?

Sal Gala
Sal Gala
DePIN x Deepfake Detection
Oct 27, 2024

DePIN x Deepfake Detection

When seeing is no longer believing, who can you really trust?

Sal Gala
Sal Gala
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