What I Learned This Past Week - 12.6.22
A rational calmness settles in
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!
Thank you for taking the time to read REw3. If you like what you are reading consider subscribing to stay up to date on this quickly evolving space.
This Week’s Musings
As we enter December, the seasonality of real estate really kicks in. With overall volumes down, there is intense pressure to close out deals and end the year on a good note. I’ve been attending the Housing Transformation Summit in Seattle this week, and while web3 is not an area of focus, I am encouraged by the optimism and desire to invest in technology to change outcomes.
Finally, I wish I had a better image of this real estate transaction process comparison that Propy put together that I could share. If anyone can point me to the original source I would be very grateful.
Informative Articles I Read
The Long View: Web3 and User Ownership (Variant) - Given web3’s tumultuous last 6 months, it’s refreshing to read this piece by Li Jin. Web3 technology has a lot to contribute, despite the bad actors and scams that have captured all the recent headlines.
BlackRock CEO Says ‘Next Generation for Markets’ Is Tokenization (Decrypt) - Another prominent skeptic backs web3 to play an important role in the future.
Podcasts/Events/Webinars/etc. That I Listened To
Josip Rupena of Milo on the intersection and future of housing and crypto (HousingWire) - Clayton Collins and Josip Rupena talk about the background of crypto-backed mortgages and exactly how they work with backing the purchase of real estate. They also go into some of the crypto risks that are created and intersected by the rapid changes in the US housing market amid the downfall of BlockFi and FTX.
Innovative Companies I Discovered
Carbon Title - Carbon Title’s platform empowers building owners, developers, and contractors to easily understand a building’s CO2 emissions over time, purchase high-quality carbon credits, and apply carbon credits to achieve verifiable carbon neutrality using the blockchain.
EstateX - EstateX will make it possible for anyone to build a property portfolio of fractionalized ownership that earns investors a regular passive income with as little as €100.
People You Need To Follow On LinkedIn
Omar Fagundo - Founder of Objectt.io
Web3 Announcements From Proptech Companies
N/A
Random But Important Things I Stumbled On
Enter the Magentaverse: Pantone Unveils 'Viva Magenta' as Color of the Year 2023 (DesignBoom) - 'an unconventional shade for an unconventional time.' What more do you need to say?
Bitcoin Ornament (Urban Outfitters) - Was $23.99 now sells for $11.00! Sadly, no reviews.
