Is it the time for tokenised real estate? 🏘️
Is it the time for tokenised real estate? 🏘️
Real estate has a great use case for NFTs. SBF charged for bribing Chinese. FED’s liabilities have increased by $393 Billion in two weeks. El Salvador wants you to migrate to the ‘New Land Free’.
Hello y'all. This is The Token Dispatch. We are off to El Salvador 🇸🇻 pretty soon. Gotta show us some love on telegram, eh? 🤟
Homebase recently tokenised their first single-family rental property in Texas. They raised over $246,000 in just two weeks by creating an NFT and using a smart contract on the Solana blockchain. Meaning the whole Real estate NFT thing is getting real.
Now, this is made possible with something called real estate tokenisation:
It's like crowdfunding but adds blockchain and smart contracts.
Smart contracts split up a property into fractions, and each of these fractions are represented by a digital token(NFT) that you can buy and own.
Basically, you can now buy fractionalised slice of a fancy property for just a buck! You don't need to be a millionaire to invest in prime real estate. And, of course, if the property value goes up, you can sell your share.
Reasons why real estate NFTs are cool:
High-level transparency, security, and ownership rights
Tokenisation of real-world assets
Improved liquidity
Cost efficiency: immune to physical damage and traditional property tax
Direct transactions, eliminating the need for intermediaries and brokers.
Reduces the risk of harm due to fraud
According to the experts at Moore Global, tokenisation is set to shake up the global property market and become a whopping $1.4 trillion industry in just five years. We knew it!
Companies that are into this:
Tokenised REITs, or Real Estate Investment Trusts: ownership of shares in a portfolio of real estate assets
Tokenised rental properties: purchase tokens representing ownership
Tokenised mortgage-backed securities: acquire tokens representing ownership in a single mortgage or multiple mortgages
Before Homebase:
Roofstock sold a home in Harvest, Alabama, via the NFT marketplace built by Origin Protocol. And another one for $175,000.
Propy sold a four-bedroom property in Florida in February and facilitated the sale of TechCrunch founder Michael Arrington's Ukraine apartment via an NFT with a starting price of $20,000.
Even Large Wall Street banks, the Singaporean government, and asset managers such as Wisdom Tree and Hamilton Lane are exploring democratising opportunities through tokenisation. It's not just a silly little trend anymore
Why not sponsor us, eh?
SBF charged for bribing Chinese
In 2021, SBF directed $40 million in crypto to Chinese government officials to make them unfreeze the $1 billion worth of assets of Alameda Research.
The funds were frozen in the first place as part of an investigation into "a particular Alameda trading counterparty." Anyways, Mr Sam is charged with bribing - a total of 13 criminal charges.
But before turning to bribery, the dude spent months trying to do it the right way:
Hired attorneys to lobby the government.
Asked the exchanges to unfreeze the funds.
Faked names to open new trading accounts.
SBF has lost the ability to surprise me now.
TTD Number picker 🔢
$393 Billion
That’s how much FED’s liabilities have increased in the last two weeks.
Overall $8.734 Trillion, not too far from the all-time high of $8.95 Trillion a year ago. Fed started its quantitative tightening program and reduced its assets by $600 Billion. Didn’t last too long, did it?
The US central bank’s liabilities may increase if more regional banks fail. What does that mean? Up for Bitcoin. If the banking crisis gets worse, experts are expecting a possible bull run.
BTC $40,000 by June 2023. 50% higher than where we're at now!
TTD Blockquote 🔊
Joe Biden, Captain of the Ship that’s on crypto crusade
“Not over yet”
President thinks that his administration had done what was possible to address the banking crisis with available authorities, but the White House is looking at legislative changes in response to the crisis. More, what?
TTD Love for crypto ❤️🔥
EL Salvador’s ‘New Land Free’ campaign invites people to relocate, and no better brand ambassador for than the President himself.
President Nayib Bukele. Love only 🌹
What do you think of the campaign? Tell us in the comments.
TTD The big migration 🧐
NFT Collection Y00ts is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon. The hit project, launched in September 2022 is migration from Solana to Polygon.
TTD Surfer 🏄
Williams Racing F1 Team adds crypto exchange Kraken as their sponsor. After FTX, Tezos exits Formula 1’s crypto presence has shrank of late.
A bug allowed an exploiter to burn a majority of SFM tokens in the Safemoon liquidity pool, almost $8.9 Million in total was lost to the hacker.
There are no MetaMask snapshots/airdrop on March 31. The company warns users about the false rumours going around.
Canada asks federally regulated pension funds to disclose crypto exposure - to help protect Canadians’ retirements.
North Korean hackers may be laundering cryptocurrency via cloud mining services, reports Google-owned cybersecurity firm Mandiant.
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