Insights from Jeyhan Chu on Navigating the Web3 Space
Introduction
Today, we have Jeyhan Chu, founder of Connectic Capital, a venture capital fund investing in transformative Web3 projects. With over 270 investments under their belt, Jayhan shares invaluable insights for Web3 founders and enthusiasts. This episode is a must-listen if you're building or interested in Web3.
The Journey into Web3
Jeyhan Chu journey into the Web3 space is fascinating. Initially working in the art world and starting as a coder, Jayhan ventured into crypto in late 2013, purchasing his first Bitcoin in Hong Kong. Inspired by the potential of Bitcoin as the future of the internet, he dived into the crypto world, eventually founding Kinetic in 2016.
Investment Philosophy
Kinetic Capital doesn’t follow a strict investment thesis. Instead, they embrace a broad and exploratory approach, allowing them to invest in various aspects of the blockchain space. Their investments range from early startups to significant projects like Polkadot and Solana. Jehan believes in the concept of "hyperlateralism," where every aspect of the internet will eventually intersect with blockchain technology.
Centralization vs. Decentralization
Jehan offers a nuanced view on the centralization versus decentralization debate. He argues for a hybrid model where both centralized and decentralized elements coexist. This practical approach ensures that the best tool is used for the job, enhancing the user experience without overwhelming them with technical complexities.
Ton and Telegram: The Future of Web3 Adoption
One of the most exciting projects Jayhan discusses is Telegram's blockchain, Ton. With 900 million monthly active users, Telegram's native crypto wallet integrated into the app could drive mass adoption. Jayhan's excitement about Ton stems from its potential to solve the user adoption issue that many other blockchain projects face.
Web3's Current and Future Cycles
Jehan candidly admits that predicting the exact phase of the crypto cycle is challenging. While the current market shows more stability than previous years, the industry still lacks significant utility, which is crucial for a full-blown bull run. He anticipates that mainstream success will come when blockchain technology seamlessly integrates into everyday applications, making its presence invisible to users.
Advice for Web3 Founders
For Web3 founders, Jayhan emphasizes the importance of sticking to first principles and maintaining integrity. The upcoming bull cycle will bring both opportunities and challenges, and staying true to one’s values will be crucial for long-term success. The key to thriving in the volatile crypto market is survival and having clear directions and values.
Call to Action
Jehan's current focus is on the Atlas protocol, an EVM layer two solution on Ton. He invites Ethereum and EVM projects to consider deploying on Atlas to reach Telegram’s vast user base. For more information, you can reach out to Jayhan on Twitter at @collectionist or search for the Atlas protocol.
Conclusion
Thank you for tuning in to this insightful episode. If you're a Web3 founder, Jehan's advice is invaluable as you navigate the evolving landscape. Stay humble, stay true, and keep building. Reach out to me or Jayhan if you need support or have questions. Let's continue to innovate and shape the future of Web3 together.
Connect with Us
You can connect with me, Sam Kamani, on social media or reach out directly. My DMs are open, and I’m always eager to engage with fellow innovators.
This episode covered the exciting development in the world of Web3. You can listen to it here .
Stay tuned for more episodes where we dive into the world of Web3. Thank you for your support and best of luck in building your startups and projects.
