drewl

[Peter Girnus 🦅 @gothburz]

My net worth peaked at $1.2 million.

None of it was real.

I don't mean that philosophically. I mean it was located on servers that have since been turned off.

I own eleven properties in the metaverse. Three in Decentraland. Four in The Sandbox. Two in Voxels. One in Otherside. And a beachfront villa in Horizon Worlds that I bought for $214,000 because Mark Zuckerberg called it "the next frontier."

The frontier closed last week.

It's a mobile app now.

Last year I mass DM'd 340 people the phrase "you don't understand how early we are." I have since stopped doing that. Not because I was wrong. Because most of them blocked me.

I got into metaverse real estate in November 2021. Everyone was buying. Someone paid $450,000 to be Snoop Dogg's neighbor. In a video game. With no legs.

The avatars didn't have legs.

I thought that was bullish. "The legs are coming," I told my Discord. "Legs are a roadmap item." Three hundred people reacted with rocket emojis.

I called myself a "digital land baron."

I put it in my Twitter bio.

I put it in my LinkedIn headline.

I said it on a podcast that had eleven listeners. Three of them were bots. The rest were my alts.

My virtual property has more square footage than my actual apartment.

My actual apartment has furniture.

Location, location, location.

My most valuable asset was a plot next to a virtual Gucci store. Gucci left in 2023. The store is still there. Nobody's in it. It's like a mall in Ohio but with worse graphics and no food court.

I held.

Diamond hands.

That's what we said. "Diamond hands." It means refusing to sell while your investment loses 94% of its value. We turned financial paralysis into a personality trait.

A guy in my Discord paid $2.4 million for a 618-parcel estate in Decentraland. Prime district. High foot traffic. I asked him what "foot traffic" meant when the platform had 38 daily active users.

He said I didn't understand the technology.

I didn't.

I still bought more.

We had a DAO. A decentralized autonomous organization. That means we voted on decisions. There were nine of us. Three never showed up. Two voted on everything without reading it. The other four were me and my alts.

We voted to "acquire strategic parcels."

The vote passed unanimously.

I voted four times.

My portfolio peaked at $1.2 million. I told everyone. I made a spreadsheet. I projected 40x returns by 2025. I made a pitch deck. The pitch deck had a slide that said "WE ARE BUILDING THE DIGITAL ECONOMY."

The slide had a rocket emoji.

That was my entire financial model.

In 2023 I bought a Bored Ape for $189,000.

It's worth $14,000 now.

I don't talk about the Ape.

I still use it as my profile picture. People ask me about it. I say "I'm long-term bullish." Long-term bullish means I can't sell it without crying in a Panera.

My mom asked me what a Bored Ape was.

I said "digital art on the blockchain."

She asked why it cost more than her car.

I said "you don't understand Web3."

She said "I understand you live in a studio apartment."

She's not in my Discord.

Justin Bieber bought one for $1.3 million.

It's worth about $90,000 now.

I felt better about mine after I heard that.

That's community.

WAGMI. We're All Gonna Make It. We said that every day. In the group chat. While the floor dropped. While the volume dried up. While 95% of all NFT collections went to zero.

We're all gonna make it.

None of us made it.

But we said it with conviction and a laser-eye profile picture. That counts for something.

It doesn't.

But we said it did. That's decentralized consensus.

Meta spent $84 billion on the metaverse.

I need to say that again.

$84 billion.

More than the GDP of Luxembourg. More than the GDP of Iceland, Luxembourg, and Malta combined. They spent it on a platform where the avatars had no legs, the graphics looked like a 2006 Wii game, and the peak user count was lower than the lunch rush at a Chipotle in Des Moines.

They just pulled Horizon Worlds from VR headsets.

It lives on as a mobile app.

My beachfront villa is now a mobile app.

Location, location, location.

Zuckerberg renamed the entire company for this. Facebook became Meta. A $900 billion company changed its legal name because the CEO watched Ready Player One and said "I want that."

Reality Labs lost $10 billion in 2021. $14 billion in 2022. $16 billion in 2023. $18 billion in 2024. $19 billion in 2025.

That's not a strategy. That's a speedrun.

They laid off 1,500 Reality Labs employees this year. Shut down three VR studios. Killed Supernatural. Put the entire VR social vision in a casket and said "we're pivoting to AI and wearables."

The pivot took four years and $84 billion.

I pivoted too.

I'm an AI real estate investor now.

I bought a virtual plot in an AI-generated world that doesn't exist yet. The founder said it was "the intersection of spatial computing and large language models."

I don't know what that means.

I gave him $40,000.

He has a whitepaper. It's 47 pages. I read the title and the tokenomics section. The tokenomics section is a pie chart. I love pie charts. They make everything look like a plan.

The project has a roadmap. Q1: "Build community." Q2: "Launch beta." Q3: "Scale ecosystem." Q4 is blank.

Q4 is always blank.

That's where the exit scam goes.

My accountant asked me to value my metaverse portfolio for tax purposes.

I said $1.2 million.

He said "current market value."

I said $6,400.

He stared at me for eleven seconds.

I know because I counted.

He asked if I had any other investments.

I showed him my NFTs.

He stared for longer.

I told him they were "cultural artifacts with long-term provenance."

He asked if I'd considered a 401k.

I told him a 401k was "legacy finance."

He told me to leave his office.

The metaverse is dead.

I don't accept that.

I am a digital land baron. I own eleven properties across four platforms. I have a beachfront villa in a mobile app, a plot next to an empty Gucci store, and a cartoon monkey that cost me more than my actual car.

Location, location, location.

The location is nowhere.

But I'm early.

I'm always early.

That's the same as being wrong except you get to say it with confidence.

[drewl @drewl311]

@SingtelSupport I have tried and it doesn’t work. I am trying to reinstall the eSIM but Singtel app is telling me something went wrong. See photo

[drewl @drewl311]

@SingtelSupport I’ve tried all of the above multiple times. Still no cellular service

[drewl @drewl311]

@itzstockchartz @KobeissiLetter @TKL_Adam Must be getting close to top

[Elon Musk @elonmusk]

Wisdom

[Ayoosh @ayooshveda]

#Google employee for #Youtube making $280k a year at L5 level (5+ yrs experience) working from home tries to unionise against #Alphabet in #Austin and gets his entire team laid off $GOOG

[drewl @drewl311]

@realkarmacoin @OnChainMonkey hello! I upgraded 4 of my ETH Genesis over to BTC Genesis on this last portal opening. I did not receive the $KARMA airdrop and looking for assistance. !RISE

[drewl @drewl311]

@Grape_Ap3 @OnChainMonkey Thanks. RISE!

[Sahil Bloom @SahilBloom]

Richard Feynman was an example of the Paradox of Effort in action.

You have to put in more effort to make something appear effortless.

Effortless, elegant performances are often the result of a large volume of effortful, gritty practice.

Simple is not simple.

[emini tic @TicTocTick]

Never complain and never explain is a hallmark of alpha people.

An unmistakable signature.

Excessive whining and gossiping , watching 6 hours of cable a day may be subtle signs you are beta.

[emini tic @TicTocTick]

“They” want to sell you shit you don’t need - debt, porn, crazy 😛, anger, being broke , losses .

Your job is NOT to buy it.

Refuse the madmen.

[Sahil Bloom @SahilBloom]

Today is my 32nd birthday.

Over the last month, I asked several 90-year-olds what advice they would give to their 32-year-old selves.

Here's the life advice everyone needs to hear:

[drewl @drewl311]

@adammatthews188 @RobinGill1812 Send

[Adam Matthews @adammatthews188]

I just created a full guide on how to use ChatGPT for Google & Facebook Ads.

This has potential to bring in 8 figures for our clients in 2023 and it’s yours for FREE.

Like, RT & Comment “Send” and I’ll DM you a copy.

(Must be following or I can’t send)

[Genevieve Roch-Decter, CFA @GRDecter]

I looked through the 2023 macro outlooks from the largest financial institutions including Goldman Sachs, JP Morgan, and BlackRock.

(Links to all reports at the end)

Here’s what they’re expecting next year:

[The Kobeissi Letter @KobeissiLetter]

Year-to-Date Performance:

1. $META: -66%
2. $NVDA: -53%
3. $NFLX: -52%
4. $AMZN: -51%
5. $GOOGL: -40%
6. $AAPL: -29%

This has to be the first time in history where the biggest stocks are casually down 50%+ and there are barely any headlines.

Sentiment is all over the place.

[Cathy Yuan Zhang @CathyYuanZhang]

#BREAKING
#China to lift quarantine requirement for inbound travellers starting Jan. 8, said the National Health Commission.