Web3 Data: The Intersection  Between AI & Blockchain

• Guest: Ganesh, CEO of Covalent
• Host: Njani Ruetsch, Senior Comms Manager at Morningstar Ventures

Top 3 Takeaways from Our Guest:

1. Covalent’s Business Remained Immune During Market Cycles

The interview started with Ganesh explaining how he and Covalent have been affected by recent market conditions, with BTC surpassing $100K. Ganesh explained that Covalent’s core API business remains immune to market cycles while their token, $CQT, experiences volatility. He also noted that Bitcoin's unexpected surge to $100K has identified Dubai and New York as emerging crypto hubs for the future.

2. AI Agents nee Blockchain for Financial Rails and Provenance Layer

When discussing what differentiates AI and enhances personalization, Ganesh highlighted that Covalent’s vast amount of data—measured in terabytes—plays a crucial role. This data enables the establishment of financial systems and a provenance layer for AI agents. Ganesh outlined several use cases for Covalent, including wallet services, NFT management, taxation and ERP solutions, and emerging AI applications.

3. Covalent has three key roadmap items launching in Q1 2025

Ganesh concluded the talk by walking the listeners through Covalent's upcoming roadmap. In the first quarter of 2025, people can expect significant advancements in AI agent technology from the project, along with enhanced branding and narrative positioning Covalent as a leading infrastructure solution. Additionally, the team is working on launching a novel technology called a lite client product, which is currently available on the testnet. The project is onboarding hundreds of users weekly to prepare for the final mainnet launch.