The allure of prelaunch tokens and scarce virtual land is that they generate easy money and engagement.
The truth is, it's an incredibly costly way to raise capital.
You're taking on a debt in the form of game design constraints and a corrupted relationship with the player.
People download apps to solve core human needs (1) finding love, (2) making or saving money, and (3) play. People rarely take time out of their day for anything else.
• The Metaverse is just the internet with 2 key differences:
• Visualization layer will get better (as it has been)
• We will now have composable cross-application digital objects
• Can hold + own + compose + transport intangibles = will make these societal intangibles more valuable
• @RaoulGMI adds that there are $63T of intangibles of institutional balance sheets. Those are just the ones that are countable.
• Memes have intangible value as well.
It is a hydra. You don’t attack the heads. You attack the idea. The heart. And the heart is accessed through the arts and humanities. By the breaking up of the administration and telling people they can be individuals rather than servants of the hydra.
You're dating someone new and you have the opportunity to show them one movie that encompasses everything there is to know about you — your values, your fantasies, and your fears. What's the film?
Self Help - The malpractice & Industry - is a dis-ease that keeps you broken till you dance with the dead. 💀
Intent & Intense Focus is your lottery ticket out of normie life. 💎
Here’s why
(A Thread)