What I Learned This Past Week - 11.1.22
Separating the wheat from the chaff
I’m sharing with whoever’s interested in what I learn as I try to remain clear-eyed about the opportunities for real estate and web3.
Did I miss important news or a great article this week? In the likely event I did, please shoot me an email (mark@hurstx.com) and let me know!
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This Week’s Musings
In a blink of an eye we find ourselves in November, staring down the holidays and the end of the year. The negative sentiment surrounding web3 which has been the dominant headlines for the last six months appears to have receded. Perhaps those that only joined the web3 space for quick riches have moved on (to generative AI) and left the true diehards to dig in and create long term businesses. Only time will tell.
Informative Articles I Read
10 Takeaways From Matt Levine’s ‘The Crypto Story’ (Bloomberg) - This is the cheat sheet for the must read I told you about last week.
Tokenized Real Estate Registers as a Security (TrustNodes) - Old school real estate developers not being left out of the web3 real estate revolution.
‘Tokenised’ land sales for agents takes another step closer (TheNegotiator) - Tokenized Properties is selling land on the Hampshire coast worth £1.9 million in Ethereum cryptocurrency using an NFT.
Podcasts/Events/Webinars/etc. That I Listened To
Fried on Business Podcast: Real Estate NFT Tokens, Web3, and You (Spotify) - Not sure how I missed this one, but I’ve dug it up for your listening pleasure.
Innovative Companies I Discovered
Nada - Invest in an entire city’s residential real estate market with Cityfunds.
The Hideaways - Luxury property investments on the blockchain.
Metropoly - Metropoly is the world's first NFT marketplace backed by real-world properties.
NFTuloan - NFTuloan is a flash loan NFT and liquidity provider pool on a fully on-chain Defi protocol.
People You Need To Follow On LinkedIn
Johnney Zhang - CEO Of USPC (United States Property Coin)
Jorge Guinovart - CEO of Alpha Coin
Web3 Announcements From Proptech Companies
Blockchain Home Registry releases Home Data Reported 🔍 (Blockchain Home Registry) - Now you can see the on-chain data and characteristics for any home in the United States on Blockchain Home Registry. The Home Data Explorer tool provides reliable information about any property in real time.
Random But Important Things I Stumbled On
BNY Mellon, America’s oldest bank, launches crypto services (Cointelegraph) - Noteworthy that Mellon is launching a digital custody platform for its clients. The old guard is accepting that crypto is here to stay. Adapt or perish.
Bitcoin’s birthday: 14 years ago Satoshi Nakamoto published his/her/their paper on a peer-to-peer electronic cash system and web3 was born!
Venezuela’s Most Expensive House Put up for Sale at $20m, Owner Will Accept Crypto (Cryptonews) - More of a clickbait article, but it would be epic to see this transaction happen in crypto.
Hong Kong Moves Toward Legalizing Retail-Investor Crypto Trading (Bloomberg) - Interesting move by Hong Kong given mainland China’s clampdown on crypto.