In this episode, Max interviews Jack Sun, a prominent investor in Web3. They discuss Jack's background as a first-generation immigrant from China, his journey in the crypto space, and his current roles at Crypto Wonderstruck and Maverick Capital. Jack shares his experience working at TrustToken, where he helped launch the lending market product TrueFi. He also talks about his involvement with Wonderstruck, a creative studio that works with top Web3 projects, and his role as a venture partner at Maverick Capital. In this conversation, Max and Jack discuss their journey into the world of NFTs, specifically CryptoPunks. They talk about their first NFT purchases, their experiences in the punk community, and their thoughts on the future of NFTs and the crypto market. Jack shares his insights on the value of CryptoPunks and the role of DAOs in the crypto space. They also touch on their favorite NFT projects and their strategies for investing in the market.
Takeaways
Jack Son is a first-generation immigrant from China and a prominent investor in Web3.
He started his career in the crypto space at TrustToken, where he helped launch the lending market product TrueFi.
Jack is currently the head of Crypto Wonderstruck, a creative studio that works with top Web3 projects.
He is also a venture partner at Maverick Capital, where he shares deals that align with their fund thesis. The first NFTs that led Jack into the crypto rabbit hole were Hashmasks, which he stumbled upon on Twitter.
Jack bought his first CryptoPunk after being encouraged by Peter Pan from 1KX.
He initially bought a knitted cap punk but later bought his current punk, which has a wild hair trait.
Jack believes that punks hold intrinsic cultural value and is bullish on their future.
He is also bullish on MEV, ETH, account abstraction, and venture DAOs.
Jack thinks that the next phase of DeFi innovation will be driven by emerging economies and anons.
He believes that the breakout Web3 game will be a consumer lifestyle application that tokenizes an existing trend.
Jack is cautious about the future of NFTs and believes that most NFTs will not see the same price run-up as in the last cycle.
He is collecting Pirate Nation founder Pirates, Mad Lads, Tensourians, and Cyborg DAO Keys.
Jack is okay with Ugo's ownership of CryptoPunks and hopes to see more builders using the punk IP.
He advises the next owner of his punk to keep going and keep learning in the crypto market.Jack Sun, Peurto Rico
Date of Punk Purchase (DOPP):
8-Apr-21 (#5309)
#5309, 2 Atty, Cigarette & Wild Hair
N/A
https://twitter.com/hhjacks
https://twitter.com/pet3rpan_
Punk Culture In a Few Words:
"...Maverick..."
Message to Next Punk:
"...keep going and keep learning because throughout, you know, the ups and downs of the market, of life in general, I think the one thing that's worked for me is to be consistent and to have grit and to keep going when the going gets tough..."
Record Date:
18 May 2024
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PunkCast Links
https://twitter.com/punkcastxyz
http://youtube.com/@punkcastxyz
https://gallery.so/PunkCastVault
Official Punk Links
https://www.larvalabs.com/cryptopunks
https://twitter.com/cryptopunksnfts
Unofficial Punk Links
https://punksdao.io/
https://www.punk-dao.xyz/