At one of the largest crypto gatherings in the world, what I learnt about about the culture, the state of NFTs and DAOs, and why not to bet against this space.
1) Fractionalisation of real estate for investment purposes. Mostly residential property that can be used as an investment. Buy a token which represents a fraction of the home, and benefit from the yield. Makes a more liquid market. Tons of projects working on this. Some hoping it will improve the conveyancing process too.
2) Real world assets integrating with DeFi. This is about borrowing and lending against real world assets, locked as collateral in DeFi vaults. I'm super bullish on this space. Got a lot to figure out but it will be massive when it happens. I wrote about it in recent 'how crypto is transforming the real estate market' article.
3) Metaverse real estate. Lots of people building projects using Metaverse land and digital real estate. This is less about housing, more about owning arcades or retail. I think I'm too Boomer to really get this. I've tried, but there's something I just don't get about people attributing value to a digital good with no fixed supply (unlike cryptocurrencies or NFTs, the tokenomics don't make sense to me... yet).
Way more than I thought. I'd split into:
1) Fractionalisation of real estate for investment purposes. Mostly residential property that can be used as an investment. Buy a token which represents a fraction of the home, and benefit from the yield. Makes a more liquid market. Tons of projects working on this. Some hoping it will improve the conveyancing process too.
2) Real world assets integrating with DeFi. This is about borrowing and lending against real world assets, locked as collateral in DeFi vaults. I'm super bullish on this space. Got a lot to figure out but it will be massive when it happens. I wrote about it in recent 'how crypto is transforming the real estate market' article.
3) Metaverse real estate. Lots of people building projects using Metaverse land and digital real estate. This is less about housing, more about owning arcades or retail. I think I'm too Boomer to really get this. I've tried, but there's something I just don't get about people attributing value to a digital good with no fixed supply (unlike cryptocurrencies or NFTs, the tokenomics don't make sense to me... yet).