On this episode of Rehash, we’re speaking with Peter Pan, partner at 1kx, about how to identify successful early stage web3 projects, why certain NFT projects from the last bull run succeeded while others failed, and how we might be able to simulate real life physics in a digital environment. 1kx is an early stage investment firm that specializes in ecosystem growth.

One of the hardest things to do in this space is to separate the hype from what’s real, and Peter does a great job of explaining how he analyzes various web3 projects to determine which ones will last the test of time. While most investors focus on the standard rhetoric of - you want to look at who the founder is, who the team is, Peter’s thinking goes much deeper into what are the foundational layers of the project and what it’s aiming to accomplish, and what impact can this project have on the broader tech space (not just the web3 space).

We talk a lot about the role of community in shaping the success of a web3 project, and this led us down a rabbit hole of reminiscing and analyzing some of the NFT projects that rose to fame during the 2021 NFT craze. It’s really interesting to look back on some of the NFT projects I hedged my bets on back in 2021 and see where they are today (and how wrong I was about them).

Finally, we talk about autonomous worlds, onchain gaming, and why Peter is a proponent of being able to simulate real world scenarios in a digital sandbox environment. We wrap up with some hot takes on community building that Peter shared in seemingly contradictory tweets back in late 2021 - early 2022 and give him a chance to explain the context in which he wrote those tweets.

COLLECT THIS EPISODE

https://www.rehashweb3.xyz/

FOLLOW US

Rehash: https://twitter.com/rehashweb3

Diana: https://twitter.com/ddwchen

Peter: https://twitter.com/pet3rpan_

SPONSORS

Lens Protocol: https://lens.xyz

Quests: https://rehash.quests.com

Lore: https://lore.xyz/rehash

LINKS

Metalabel: https://www.newcreativeera.com/
Cooper’s Writing NFTs: https://coopahtroopa.mirror.xyz/
NFT Projects
- Squiggles: https://www.artblocks.io/collections/curated/projects/0x059edd72cd353df5106d2b9cc5ab83a52287ac3a/0
- Pudgy Penguins: https://www.pudgypenguins.com/
- Cool Cats: https://coolcatsnft.com/
- Degods: https://degods.com/
- Azuki: https://www.azuki.com/
- Doodles: https://twitter.com/doodles
DAOs
- Moloch DAO: https://molochdao.com/
- Nouns DAO: https://nouns.wtf/
Axie Infinity: https://axieinfinity.com/

TIMESTAMPS

0:00 Intro

5:23 Identifying new web3 projects

9:50 How to sort through the hype

11:44 Learnings from successful and failed investments

15:17 Investing in a bull market vs bear market

16:36 What kind of innovation happens in a bear market?

18:43 History of NFTs

23:21 Future of media NFTs

29:02 Cool Cats vs Pudgy Penguins

35:32 What are autonomous worlds?

41:14 How to avoid Black Mirror type scenarios

42:47 Final thoughts from Peter

43:37 Explain Your Tweet

47:01 Follow Peter

DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.

DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.

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