Medici Level Up with Mike Horton, Project Creator of GEODNET

In this episode of Level Up, presented by the Medici Network, David and Sean explore the real-world impact of Web3 technology with Mike Horton, founder of GEODNET, and Seth Ginns, managing partner at CoinFund. GEODNET is a blockchain-enabled decentralized physical infrastructure network (DePIN) that offers precision GPS services with growing adoption across industries. Mike shares his expertise in navigation and localization, explaining how GEODNET’s decentralized model is disrupting traditional GPS providers like Trimble and Hexagon. Seth adds a liquid investor's perspective, offering insight to the discussions around GEODNET’s revenue model, tokenomics, and strategic market positioning. Together, the discussion explores the convergence of AI, robotics, and Web3 technologies to unlock new economic opportunities. The conversation also highlights the scalability of GEODNET’s infrastructure, the critical balance of supply and demand in decentralized networks, and the role of precision GPS in driving innovation within sectors such as agriculture, construction, and autonomous vehicles.Key Points From This Episode:[00:01:27] Introduction to DePIN and GEODNET’s role in Web3 adoption[00:02:11] What makes DePIN an attractive investment for traditional investors?[00:03:05] GEODNET’s market performance and comparison to traditional GPS providers[00:04:18] A global view of GEODNET’s network and its expanding infrastructure[00:05:22] The token GEOD’s revenue model: Token burns and sustainable growth[00:08:10] Mike Horton’s background in GPS, localization, and autonomous systems[00:11:57] The importance of precision GPS and GEODNET’s technological advantage[00:13:21] Industries benefiting from GEODNET: Agriculture, construction, and drones[00:16:12] GEODNET’s competition and how its decentralized model differentiates it[00:18:45] How AI and robotics are driving the demand for precision GPS[00:22:51] Understanding GEODNET’s mining incentives and token reward structure[00:29:07] Balancing supply and demand: The economics of a decentralized network[00:37:36] Why GEODNET’s revenue is uncorrelated to crypto market volatility[00:40:32] How GEODNET’s tokenomics drive long-term value for investors[00:49:46] Governance and decentralization: GEODNET’s roadmap for the future[00:55:52] Upcoming milestones: Low Earth Orbit satellites and future expansion[01:06:45] Final thoughts on AI, Web3, and the future of decentralized GPSLinks:The Medici NetworkX.comLinkedInCo-HostsDavid Grider, Finality CapitalSean Farrell, FundstratGuests  Mike Horton, GEODNETSeth Ginns, CoinFundProduction and editing by The Podcast Consultant