What I Learned This Past Week - 6.14.22

The crypto winter is coming...time to hunker down and build

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.

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This Week’s Musings

It’s easy to dismiss the metaverse today. However, if you don’t jump in and participate while the rules are being written, you will miss it and be forever playing catchup.

Don’t waste a good crisis.

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Informative Articles I Read

• Reno To Experiment With Blockchain For Building Records (SmartCitiesWorld) - Great to read about this historical building registry pilot program being rolled out in Reno this summer. The Biggest Little City leading the move to web3!

• Explaining Web3 To A Five Year Old (TikTok via LI) - Sometimes it’s just easier to boil it down to what’s really important (super cool hot dog skin).

• The NFTs Are Coming! The NFTs Are Coming! (TIKI) - Intro to Data NFTs. I could see interesting applications of this for homeowners to generate better AVMs for their properties. From a transparency perspective, you will know who owns the NFT, but what data the NFT owns will be anonymous.

• $26.5M NYC Building Listed on OpenSea (The Defiant) - This sale (should it go through) highlights the lack of integration between blockchain solutions and local authority systems that record the transfer of property.

• The Metaverse & The Absence Of The Architect (LI) - Great points from MetaProp, there are going to be a lot of ugly metaverse developments. Do we need HOAs in the metaverse?

• How Can Fractional NFTs Become A Revolutionary Revelation In The Web 3.0? World (Medium) - Just because you can fractionalize something doesn’t mean it makes sense. Not convinced the currently identified value props here are strong enough to drive much adoption of fractional NFTs.

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Podcasts That I Listened To

• What’s A Real Estate Use Case For Web3 Founders? (Next Creators)

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Innovate Companies I Discovered

• LAMINA1 - How could I not lead off with the announcement of an open metaverse company co-founded by Neal Stephenson!

• Upland - A virtual property trading game mapped to the real world and based on blockchain technology.

• Double - NFT rental protocol for games and metaverses.

• Bee - Web3 mortgage app for homebuyers.

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People to Know (Those I Met Or Connected With Who Are Much Smarter Than Me)

• Jessica Lawson - Web3 influencer and CEO & Founder of Radia

• Paul Hlatky - CEO and co-founder of Revonate

• Zach Somers - VC at Suffolk Technologies & BOOST Program Manager

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Web3 Announcements from Proptech Companies

• planetRE Announces Single Click NFT Generation Within Transaction Management - Create branded NFTs, buyer/seller on deal closing.

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Random But Important Things I Stumbled On

• Web3 Is Not Dead. Here’s What Crypto Will Look Like In 2030 (Fortune) - With all the recent doom and gloom, it’s good to take a long-term view on what lies ahead for web3.

• Mint NFTs on Salesforce’s NFT Cloud (SFDC) - Minting NFTs is now officially a commodity.

  

• Colorado Governor Jared Polis Is Fundraising With NFTs (Axios) - Think it is only a matter of time before this is done by all candidates.