For Evan Luthra, the first question behind an investment is not simply what an industry is worth today. It is whether technology can change how that industry works. In this LAPSOFLUX conversation, the entrepreneur describes a broad investment history that has increasingly drawn his attention toward blockchain, crypto and the possibilities of Web3. The interview offers a portrait of how he thinks about opportunity—and how quickly that thinking can move in a young market.
A technology-first way to look at business
Luthra says his early approach was intentionally wide-ranging. “I invest in all kinds of industries, all kinds of products,” he says, before describing the principle that guides that breadth: “I mostly look for technology-first based companies that are using technology to disrupt an existing industry.” That focus puts the method ahead of a single sector. A promising company, in his telling, is one where technology changes a familiar process, service or business model in a meaningful way.
By the time of the interview, however, Luthra’s attention had narrowed. “At this moment, my full focus is on crypto,” he says. The shift illustrates how an investor can move from a broad portfolio into a concentrated area as new tools and markets develop. It also frames the conversation as a time-specific snapshot: crypto was the immediate focus he described then, while the technologies and projects he mentioned are part of a fast-changing landscape.
That distinction matters. A conversation about an investor’s personal choices is not a guide to what readers should buy. Rather, it reveals the questions he says he brings to a new sector: what is changing, what technology makes possible and whether a company is building around that change instead of simply attaching itself to a trend.
Crypto investing and peer-to-peer trust
Luthra described a period of intense activity in crypto, saying, “I did about 200 investments in crypto in the last six months.” He connected that volume to what he sees as blockchain’s underlying idea: “Crypto, it’s a very different model. And I think it’s a reflection of how the blockchain works. It’s peer-to-peer trust.” For him, the appeal was not limited to the market value of tokens. It was also the way decentralized systems could let participants interact without relying on the same traditional intermediaries.
Asked about holdings he favored at the time, he named Bitcoin, Ethereum and Solana. He also mentioned Nakamoto Games, GAINS and Polka Fantasy, describing Nakamoto Games as “one of my top holdings right now.” These references are preserved here as interview-era comments, not current portfolio disclosures or investment recommendations. Their significance in the conversation is the range: established networks alongside smaller projects that Luthra believed could benefit from crypto’s expansion.
The mix also shows the uncertainty built into emerging markets. Established names can offer recognition, while newer ventures may carry a different risk profile and depend on adoption, execution and the durability of their underlying product. Luthra’s remarks reveal his appetite for exploring that spectrum, but they do not remove the volatility or unpredictability that define the sector.
Digital land, physical property and the metaverse
One of the most striking parts of the interview is Luthra’s answer about his largest crypto-related purchase. He points to both real-world property and virtual land, describing a Caribbean beachfront parcel and a metaverse property. “Interestingly, the largest one would probably be land, and finally land in the real world if you ask, and land in the metaverse,” he says.
The comparison captures the period’s optimism around virtual worlds. For Luthra, digital property represented a new category of ownership, while physical land remained a familiar asset with a tangible location. Both purchases reflected his willingness to explore what he saw as emerging opportunities, even when the value of a virtual asset depended on platforms and communities that were still developing.
Why he believes the market is still early
Luthra’s outlook in the interview was shaped by a belief that mainstream familiarity with crypto remained limited. “I think we are still very, very, very early,” he says. He recalls asking people he met whether they owned an NFT and often finding that they did not know what one was. His anecdote was his own observation, but it points to a larger challenge for any new technology: potential adoption is not the same as lasting utility.
That gap between enthusiasm and understanding is where the most interesting questions begin. For blockchain-based products to reach people beyond early adopters, they need clear uses, dependable experiences and reasons to return. Novelty can attract attention, but sustained value depends on what a product helps someone do. Luthra’s comments show a founder-investor looking ahead to wider participation, while the time since the conversation has made one lesson especially clear: emerging technologies reward curiosity, but they also demand careful scrutiny.
The portrait that emerges is of an investor motivated by change—someone drawn to the point where technology meets established industries and creates room for a different model. His path from broad technology investment to a focused interest in crypto, his comments on peer-to-peer trust and his experiments with digital property all reflect that instinct. The interview remains a record of his thinking at a particular moment in Web3’s evolution, and an invitation to examine not only what investors buy, but the ideas they believe are worth backing.