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In this episode of Building in Public, Rich and Shaan from XNET discussed their progress as a decentralized neutral host mobile operator. They explored the XIP-10 proposal to reduce token supply and its benefits for the community. Rich highlighted XNET’s demand-side GTM, enabling millions to connect via existing carriers, with growth potential in the U.S. market. They covered MNOs vs. MVNOs, international expansion, and the Solana ecosystem’s supportive culture. Updates included funding milestones, Sphere Pay and Kamino integrations, and plans to onboard millions of users to Solana, showcasing XNET’s vision for decentralized mobile networks.

Timestamps:
00:00 - Introduction
00:41 - Discussion on XIP-10 and Token Burns
03:56 - Understanding XNET's Business Model
06:25 - Customer Segments: MNOs vs. MVNOs
10:09 - International Expansion and Roaming Opportunities
12:29 - Wi-Fi and Cellular Spectrum in Global Deployments
14:05 - Transition from Polygon to Solana
16:50 - Community Growth and Social Engagement
18:31 - Exciting Developments with XNET Foundation
20:49 - Meme Coins and Retail Engagement
22:31 - Scaling Supply Side through Brownfield Deployments
28:37 - Upcoming Features and Integrations
30:18 - Where to Find More Information on XNET

Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.