The Rails For Physical AI

Over the last few months, I’ve been accumulating $GEOD, the native asset of Geodnet.

I gave a presentation at the All In Liquidity Summit on $GEOD on June 2, 2026.

So, what’s Geodnet?

Centimeter-Scale Positioning

In the optimistic case, traditional GPS provides ~2m of accuracy. Many use cases — self-driving cars, drones, autonomous lawn mowers, agricultural equipment, etc. — require centimeter precision. GPS simply is not good enough.

The most widely adopted technology in the world to achieve centimeter-scale precision is realtime kinematics (RTK). RTK works using the same basic idea of localization between multiple antennas and measuring the time it takes for radio waves to travel known distances. But whereas GPS triangulates based on satellites in space, RTK triangulates using base stations on the ground.

RTK networks have been around for a few decades. The largest companies in the space — Trimble, Topcon, and Hexagon — collectively have built roughly 12,000 base stations. In the last 4 years, Geodnet has deployed more than 22,000 base stations around the world, making it the largest and fastest growing RTK in the world. Today the network covers more than 80% of the global population in more than 11,000 cities, excluding China, Russia, Iran, and North Korea.

How did Geodnet manage to build out a global network of more than 22,000 base stations in just a few years? Geodnet used the power of DePIN token incentives, which I first helped design with Helium ($HNT) back in 2019.

Inflecting Now

Customers include the following:

In short, Geodnet is powering every use case for physical intelligence across a range of use cases, and they are the dominant player.

Customers of the Geodnet network are spending more than $11M on an annualized basis right now. Spend grew more than 3x last year, and is on pace to grow more than 3x this year.

The most important part of the GEOD investment thesis is net revenue retention. Customers naturally begin small with something like this, and then ramp over time. Today, basically all of Geodnet’s customers are ramping their spend on the network exponentially.

In summary, the Geodnet investment thesis is clear. This network is the largest and fastest growing RTK network in the world, is likely to become a natural monopoly, is growing rapidly with flagship customers, is very capital efficient, and is returning capital to shareholders.

In short, $GEOD is one of the best ways to go long physical intelligence.