Web 3 🦍¬¬

Web 3 🦍

[Guy Wuollet @guywuolletjr]

Come work with me @a16zcrypto! We are hiring an investment partner for our crypto team.

We’re a small high trust group that focuses on investing in everything related to blockchains including DeFi, onchain finance, decentralized AI, and the infrastructure to support those applications.

If you are an onchain degenerate arbitraging between vaults, love working with founders at an early stage, and/or feel passionate about decentralized AI, please talk to us or refer a friend.

Our investment partners help identify and select the companies we invest in, thinking critically about new technologies and market trends. They also serve as mentors for the companies they invest in, helping them make progress across product, GTM, fundraising, etc

We’re looking for:
- Strong DeFi expertise either as a builder directly, a power user, or an investor
- Interest in working with protocols and start ups at every stage
- A strong network of onchain frens, especially those starting new projects

If you’re interested, please send me a DM or refer a friend!

[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.

[Web 3 🦍¬¬ @Web3Ape]

Good ole @SBF_FTX be itching to buy some $SOL but all he can do is tweet!

Sad!

[SBF @SBF_FTX]

1) I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days

And I can confirm that being unemployed is a lot less relaxing than it looks

[Sjuul | AltCryptoGems @AltCryptoGems]

This is Park Jin

A key player in Lazarus Group, North Korea’s elite cybercrime unit.

They are behind
⟜ Sony Pictures hack (2014)
⟜ Bangladesh Central Bank heist ($81M stolen)
⟜ And now, A $1.4B heist on Bybit (2025)

Here’s how he pull off one of the biggest crypto hacks ever 🧵

[Wu Blockchain @WuBlockchain]

Tether Investments announced the acquisition of a strategic minority stake in Juventus Football Club, one of the most famous football clubs in the world. The Tether founding team is all Italian. https://t.co/VLAUFuOx18

[Web 3 🦍¬¬ @Web3Ape]

@Melt_Dem SAD!

[BONK!!! @bonk_inu]

Enjoy your Friday night, BONKers❗️❗️❗️

[◢ @joemccann]

2025 as the year of American Exceptionalism is still my biggest bet.

[Luke Belmar 👽 @lukebelmar]

The Taliban trade memecoins. Get it yet

[Marc Andreessen 🇺🇸 @pmarca]

Just in the last few days:
1) The FBI reversed itself and now says we must all use encrypted messaging apps
2) The BBC and the UK Labour Party say "Dom Cummings is right"
3) Paul Krugman quit
4) Debanking became a national political issue
I'm telling you, the timeline split. ⏱️👥

[Autism Capital 🧩 @AutismCapital]

🚨 This young king gets Autist of the Week award 🥇 🏆 👏🏼

[BONK!!! @bonk_inu]

Is that The Dog dressed like Robinhood?

Very cool animation here❗️❗️❗️

#LetsBONK

[Web 3 🦍¬¬ @Web3Ape]

Boomers shorting Nuclear getting blown up in a day. Oops!

[Kerrisdale Capital @KerrisdaleCap]

We're short $OKLO. Report at https://t.co/IJ16XlZqog. $OKLO’s claimed unit economics are nonsensical, its mgmt are academics with weak real world commercialization experience, its tech / engineering team dramatically trails peers and its projected timelines are laughable 1/7

[Web 3 🦍¬¬ @Web3Ape]

@KerrisdaleCap What’s the opposite of a nice trade called?

[Ansem @blknoiz06]

one last rodeo & we're outta here fellas

[Bluntz @Bluntz_Capital]

$bonk isn't done yet imo, gearing up for fresh ath's imo.

[knv @knveth]

El Salvador president’s Instagram story

So. Much. Higher.

[BONK!!! @bonk_inu]

#LetsBONK check

Gotta get those BURNmas numbers UP

[Tony @0xRacist]

This one in particular is very disturbing.

@MKBHD spent 100 SOL ($24,000 USD) to purchase a crypto called... NiggaButt?

I'm not sure why anyone would buy a token with this name.

To make things worse, the $24,000 he spent is now worth less than $7,000 as the token has crashed.