Hi peeps! From Vegas' Money 20/20 💸 to NFT NYC 🖼, Cheres comes bearing drops of knowledge. Seoul will be the first city to join the Metaverse 🇰🇷 Rivian charges up for its IPO coming close to a GM valuation pre-rev 🤷‍♂️

In other news… Robindaddy gets robbed by the big bad wolf with 7M+ accounts hacked 🥵, while remaining of interest with its 1.6M crypto wallet waitlist 🤩. Cheres' Onlystans 💎 community is handpicked to build its future, and what's poppin' in pop culture 🍿

Okkkkk can we all just chill for a sec? As we pop a Midol and break down the noise of Money 20/20 in Vegas (check out the Cheres playlist on Spotify btw 💸), and NFT NYC in well, NYC…we're thinking that bb Gary (Gary Vaynerchuck) is right. As he spoke to the crowd at NFT Land 🍭 the other day, he expressed how while he's sold on NFTs, he's sure there’s a bloodbath coming in the market. NFT Winter. ❄️

Gary's take on NFTs 🗽

• Collectors are moving too quickly

• There's a follow culture without a focus on dollar values & real understanding

• Peeps are only buying because those they respect have bought in #FOMO

Vaynerchuck’s advice for everyone in the room was to spend 40 to 50 hours studying projects or categories of assets before going all in. 🤔 “I’m not comfortable doing shit I don’t know how to do. People are making a lot of decisions right now that aren’t their own,” Gary said.

While he believes the world and future economy will be blended with an inclusion of NFTs for the long-haul, what's questionable is how ‘hyped’ it all is today. 🍾 His parting words? “Everything I’m feeling right now is very much reminiscent of SxSW 2008, 2009 which very much laid the foundation for my entire career." 📉

⚡️⚡️ Interestingly, how Gary even got into crypto and Web 3.0 back in 2008 was when he and his micro-community (~15-20 people) would sit for hours to discuss their thesis around the future of the space. Reminds me of a little I call Cheres.⚡️⚡️

Seoul will be the first city to join the metaverse 🇰🇷

Surprise! 🎊 Seoul states it'll be first city on the metaverse. A couple of days ago, the South Korean government announced a plan to create its city government. If you're wondering what the heck that means, you're not alone…[If you're super lost: Imagine animal farm on Facebook (for the Millennials), the Matrix or the already old Ready Player One movie]. Seoul's government will offer a variety of public services 📜 and cultural events 🕯 available in the metaverse. Clean up those VR goggles as residents can visit city hall tour historic sites, and even file civil complaints virtually. As part of South Korea's Digital New Deal, the project received a $3.3M USD investment as part of mayor Oh Se-hoon's 10-year city plan. In efforts to raise Seoul's global competitiveness 😎 and improve social mobility 🏡, the project is set to help the country embrace digital/AI tools for healthcare + economic improvement. 

Quick News Bites

Beep beep, Rivian prices IPO at $78/share and is soon off to the races 

The popular EV maker is charging 🔌 as it gears up for its IPO. Priced at $78 a share on Tuesday with a market cap of $68B, we look forward to have it trade on NASDAQ with ticker symbol RIVN. 

We're just wondering if Rivian has a chopper in the car 🚁  It's close to being worth almost as much as Ford ($79 billion) and General Motors ($85 billion). Well GM to Rivian! It's a bright and sunny day ☀️ for them as this is all pre-revenue 💸! 

You know when that 🔥 fire person you've had your eye on finally makes the move and asks you out…only to then tell you to have low expectations? Not really, because 🚩🚩🚩. Well, Rivian already said in its prospectus that it'll lose up to $1.28 billion in the third quarter, while revenue will range from zero to $1 million. Points for honesty? 🤷‍♂️

Ok…well congrats on the IPO and valuation without yet proving a sustainable business model. Some peeps just walk into the light, ya know? 💡 [No shade intended].

Robindaddy gets robbed but crypto wallets still a craze

By now you've probably seen the Robinhood news but we just want to assure you that if you saw a red vertical line symbolize the death of your portfolio - it was but a hack. The TLDR:

• Email addresses of 5M customers 😥

• Full names of 2M customers 😰

• Full details of 310 customers 🥵

• No bank accounts, social security numbers, nor debit cards were exposed ✅

• Attack has been contained 🎉

We thought we were pretty cute with our newsletter waitlist but despite all of the ebbs and flows our fairytale star ⭐️ is going through, they're doing something right. Robinhood has 1.6 million customers now on its waitlist for its crypto wallet! 💎

We'll keep a close watch and see how the bed night story unfolds. Is it a bull 🐂 or a bear 🐻? Let us know on Cheres' Teddy Bear public community where friends discuss bearish companies so you can buy low, sell high. 

Cheres is being co-created by a couple of our cheries - a lucky batch - and they're kind of the best peeps you'll ever meet. From discussing the future of Web 3.0, Biden's Infrastructure Bill to Elon's shares, you can't get better than this. Every week, the private Onlystans 💎 crew decides what feature gets tweaked and built, what gets changed across UX/UI, what communities get prioritized and the future of the Cheraverse (traditional + alternative assets). If you want to join Testflight and skip the line, drop us a reply letting us know what you're looking to learn and get out of Cheres for your investing journey. 

What's Poppin'

What's popping in pop culture 🍿 

• The Metaverse And How We'll Build It Together video

• Kristen Stewart on Princess Diana's Relationship with William and Harry

• Solana Breakpoint in Lisbon - Day 1

• Netflix's holiday movie “Love Hard"

• Gary Vaynerchuck with Jodee Rich at NFT NYC - Fireside chat 

• Hockey's back & it's all about..manage what? management! Captains in NHL

Hold up…what am I reading, who are you, and what have you done to my investing knowledge? You're blowing my mind.

BB, chill…I know you want me but get in line. 

Cheres is where you can see your friends' trades, prompting the ‘why did you invest’ versus the ‘what are you investing in’ question. 

📣 Say goodbye to public threads. Remember that only your small friend group (~5-10 ppl) will see your shares, but not the $ value or volume of shares.