Does infrastructure finance Blockchain let somebody invest in 10 ft or 10 mi of fiber & compete with incumbents?

NotebookLM says:

The sources describe Althea L1, a blockchain designed for micropayments, especially those generated by routers in a decentralized internet service provider (ISP) network. This network, also called Althea, allows users to buy and sell bandwidth directly from each other, bypassing traditional ISPs. The Althea whitepaper and other documents detail how this works:

• Althea L1’s “Liquid Infrastructure” feature allows for fractional ownership of physical infrastructure. This means that someone could invest in a portion of a fiber optic cable or other network equipment. The revenue generated by that infrastructure is represented by an NFT, which can then be traded on Althea L1’s decentralized exchange (DEX). This allows for liquidity in real-world assets (RWAs) in a non-custodial manner. A simple example is given of a vending machine owner tokenizing the machine’s revenue stream and selling that NFT. This could similarly apply to fiber optic cables.
• This model directly challenges incumbent ISPs. The Althea network aims to provide an alternative to centralized, costly ISPs by creating a community-run, decentralized network. Users can choose internet service based on cost and quality, and participants earn revenue by hosting Althea hardware and providing bandwidth. This directly disrupts the traditional ISP business model of controlling and selling access to bandwidth.. Bob Frankston’s writings repeatedly emphasize this point, arguing that the current broadband model is based on outdated assumptions and rent-seeking behavior.
• The financing mechanism is through tokenized revenue streams. There is no direct investment in the fiber itself. Instead, investors purchase NFTs representing the future revenue generated by that fiber. The value of these NFTs would depend on factors such as the amount of bandwidth sold, the price per unit, and the overall demand for internet access in that area. This is a completely different financing model than the traditional capital expenditures and debt financing used by incumbent ISPs.

It’s important to note that the practicality and scalability of this model are still being explored and developed. While the Althea network demonstrates a functioning model, wider adoption and competition with established ISPs will depend on several factors, including technology, regulation, and market adoption. The conversations between Bob Frankston and DrRon Suarez discuss the challenges of explaining this new paradigm and the need to demonstrate practical examples to overcome resistance from established players.