(In November 2021 I published a paywalled article warning people not to invest in metaverse “properties”. Now that prices for these digital assets have crashed, I’m making a version of text, along with some new thoughts, available to everyone. I’m doing this in order to gloat (who doesn’t love to gloat?), but also to give free subscribers a taste of what you get for going premium. If you saw the original version of this, you should still read on as I’ve clarified some examples and added a section on how to approach new asset classes generally. I don’t want to give too much away, but there will be talk of webrings, Weblo, CryptoKitties, Hot Topic, and Dubai’s slowly sinking islands).
The Virtual Real Estate Myth (revisited)
The Virtual Real Estate Myth (revisited)
The Virtual Real Estate Myth (revisited)
(In November 2021 I published a paywalled article warning people not to invest in metaverse “properties”. Now that prices for these digital assets have crashed, I’m making a version of text, along with some new thoughts, available to everyone. I’m doing this in order to gloat (who doesn’t love to gloat?), but also to give free subscribers a taste of what you get for going premium. If you saw the original version of this, you should still read on as I’ve clarified some examples and added a section on how to approach new asset classes generally. I don’t want to give too much away, but there will be talk of webrings, Weblo, CryptoKitties, Hot Topic, and Dubai’s slowly sinking islands).