Weekly Review
Greetings from Community DAO! Another week of rolling forward through 2022 brings ever new challenges and experiences in mapping out the landscape of web3/DAO start-up land. What a ride! I spent much time developing proposals and pitches to potential investors, networking among Ravencoin NFT artists and projects, buying some art pieces, getting into a couple of auctions, and encouraging our team to engage and participate through some games we have been developing, among other things.
In particular, we initiated “Honor Among Thieves,” with a unique series known as “The Heist,” hosted by https://nftrvn.net/, that features donated art NFTs from several artists or contributors, that are locked inside of “vaults.” If a vault is held in one wallet for more than 3 days, the vault disappears, revealing a surprise piece of artwork. Such an innovative use of the Ravencoin asset capacities!
Strategizing on ways to popularize the game and also create a larger distribution of wallets in Africa, where our design team originates, we began shuffling Heist #06 from trusted person to trusted person. In this way, we build teamwork, spirit, coordinated effort, and have some fun. And also hopefully gain some new members who want to participate and who are trustworthy.
This leads to our main focus for review this week, involving a more developed preoccupation with developing our African Marketing Design Ambassador Squad. This involves an exciting opportunity for American investors and also humanitarians to join us in building up a new economic infrastructure in lands ravaged by centuries of political turmoil, like Nigeria and Ghana. See these two recent tweets gaining some ground in the Ravencoin community, for context:
And:
Due to fortunate circumstances and consistent effort through some difficult moments over the past 8 months, we have a solid international collaboration going on with several developing countries in Africa. This has resulted in the increasing development of weekly design contests, to reward efforts in service to the Community DAO.
Each week, I find it necessary to give more time and energy to handling these contests, considering new angles, prizes, etc. Then judging these events and making subsequent posts featuring winners. Now we are even adding the possibility to have one’s design work minted by the Community DAO on the Ravencoin blockchain, and then added to a gallery on our website.
Currently, this is how our structure of possible allocations looks.
Weekly Participation Poll- Based on an elaborate checkpoint system involving primarily posts and mentions on a variety of social forums. Top ambassadors receive varying levels of a 500 RVN weekly payout, with C0MMs also distributed according to the points achieved
Weekly Theme Design Contest - Each week, the Foundation and Marketing Departments each pick 5 of the best themed designs from the output of the Ambassador Squad. 50 RVN/500 C0MM are paid to the designer of each one of these pieces. If one designer is responsible for multiple designs picked, then he or she gets that extra amount. 500 RVN total is currently allocated for this. Apart from our normal go-to CommDAO themes, the subject may be another group’s project that needs some attention. Or it may be seasonal, i.e. “Summer Fun.” We have done 1 on GMs, 1 on funny memes, and this week are featuring .gifs and short video clips.
Top Performing Design - The design each week that receives the most likes gets paid an extra 100 RVN and 1000 C0MMs.
NFT Minting - Starting this week, CommDAO will begin minting the top 3 performing designs as NFTs featured on our website gallery.
Honor Among Thieves - In this game, we are playing with NFTRVN’s series “The Heist,” a 2500 RVN reward will be paid to the person holding a still vaulted NFT when all the others in the series have already been opened. It is a version of “Last Man Standing” and also “Hot Potato.” In addition to that, 2500 RVN will also be paid to the original buyer of the winning NFT. That way, there is some incentive for those buyers to release their NFT willingly and start playing the game, before the vault opens on the 3rd day. One of the theories behind this exercise is that it will also create a path of trustworthy holders who willingly participate and honor friends’ requests to continue the game, rather than to hold on to “the prize.”
As time permits, I foresee these types of contests and opportunities multiplying, as we are able to attract a larger team, hopefully 100 by 2023. But beyond that, investors and those curious about our project could see a valuable opportunity to assist in developing African countries, long held back by corruption and poor access to technology. We at Community DAO have found the African designers to be the hungriest, most consistent, willing to work hard even in difficult moments, sector of our organization currently. This deserves to be rewarded, studied, and built upon.
On the Alterverse front, the list continues to line up to get into the Epicenter in Sky City…
Read on all partnerships here: https://medium.com/@jamesalterverse
I was also able to spend some time exploring Unreal Engine 5 clips and tutorials, that will be driving the graphics and mechanics of Sky City. UE5 is free to install and use on your computer. Crypto enthusiasts should continue to flock to Tim Sweeney and Epic sponsored projects like Unreal because they have such a fine open-source model that has also been an incredible commercial success. And the official youtube channel has endless resources for learning how to use it: https://www.youtube.com/c/UnrealEngine
It is truly amazing how this unique platform will revolutionize the virtual world community, whether gaming, metaverse, architectural viz, or cinematics is driving usage. It bridges multiple industries.
Excellent showcase of Unreal 5’s capacities:
Have a great week and enjoy the rest of the show!
Dow
Stats
Twitter Followers: 1,165
Discord Members: 430
Alina’s Alignment
Podcast Notes: The Metaverse & How It Will Change the World with Matthew Ball
Matthews’s Map of Reality
We're at a point where the metaverse has become either a very hot topic or a buzzword.
If we widen the aperture, we see that the term "metaverse" came from 1992, which means we are looking at this as a three-decade exercise. Many of the leaders in this space—Epic Games, Nvidia, and so on—were founded in the early 1990s.
But, if we go back in time even further, we'll see these ideas being described in popular works of science fiction as early as the 1930s. They don't use the term metaverse—that comes decades later—but they do talk about virtual playgrounds and AI nurseries using holography, 3D TVs, and VR goggles.
Parallel to that is the development of technologies that produce virtual experiences. They started in the 1940s. Mainframes emerged in the 1950s. The first 2D-based metaverse experiences of Roblox emerged in the 1960s and 1970s.
We have finally reached a point where the technology needed to bring the long-considered vision into reality is feasible as a business opportunity.
Unfortunately, the dystopian view of the metaverse that stems from those decades-old works of science fiction might lead people to have a negative perception of the real metaverse. The fact that Snow Crash, Neuromancer, and The Matrix all portray a dystopian version of the metaverse does not help.
People are understandably wary of Big Tech’s involvement in our lives. It's easy to look at the big tech obsession with the metaverse for decades and say that this is all about techno-feudalist capitalists trying to enslave us or put us to work in yet another plane of existence.
We should keep in mind that most fiction springs from drama, and human drama tends to be the most compelling form of drama. Put another way, there’s a reason why most novels aren't set in utopias; they're not very interesting, except when something in those utopias goes wrong.
It is more helpful to look beyond a single author's work or even a string of influential authors to the experiences: Second Life, text-based worlds of the 60s and 70s, Roadblox, and Fortnight. They are not designed on subjugation but on self-expression, collaboration, and creation.
Kids and adults in these environments talk about how they feel good by connecting with more individuals.
It doesn't mean that technology can't be misused. Still, the experiences of billions of people who have benefited from technology over time should be more important than a string of science fiction novels.
What is the Metaverse?
We should differentiate between the technical definition and what it means experientially.
Metaverse is a massively scaled and interoperable network of 3D rendered real-time virtual worlds that can be experienced synchronously and persistently by an unlimited number of people, each with an individual sense of presence.
But experientially, we are talking about a parallel plane – a virtual plane – that we can all access at the same time individually. It’s living in that it remembers what we've done.
What's fascinating about the Metaverse is that the technology to even have this kind of discussion is pretty new.
There is also the technical complexity of building for things we never have to think of in the real world. We never say there are too many people in Idaho for it to exist. We never say you can't carve your name into that tree because the Earth doesn't have the processing power to remember what was written there.
What is the technological constraint for seven billion people to be able to operate in a persistent environment together?
Computing power.
Chris Dixon says we've always run out of computing power because as more is made available, we go after harder problems.
The number of people who can render in a virtual environment is a good example. When we can put more in, we put more in, and therefore run out of available resources.
We should think of a 1990s adage from Sun Microsystems. The computer is the network, and so when we're thinking about the metaverse—the virtual persistent world of simulations—we want to think about the combined computing power of the network and not just that of your own device.
To hear the entire interview, watch this video on YouTube.
Danoskie’s Developments
Emergence of DAO
As science has evolved from the Stone Age to today, humans have continued to develop new ways to make life better in their habitat and beyond. In doing that, powers and authorities were given to different entities to govern over others who are considered as either subordinates or followers.
This continued for ages until further ways of sharing rights and authorities sprinkled on the heads of those who never believed in becoming leaders outside their governed territories.
Centuries after centuries, kingdoms were created and those already existing ruled or dominated them with their sophisticated arms, outnumbering them in different battles and competitions.
The era of kingdoms met its doom, and countries were created, serving as an ungraded version of the emperors and kings over other smaller countries with fewer mineral resources. The oppressed never gave up from generation to generation.
Today, we have different governing bodies existing visibly or under the shadows of the ancient rule of thumb.
According to Wikipedia.com, the emergence of autonomous communities came to light in Spain as the first-level political and administrative division, created in accordance with the Spanish Constitution of 1978, with the aim of guaranteeing limited autonomy of the nationalities and regions that make up Spain. This went nice and played well politically, but it wasn't just.
An Autonomous Community is a type of community that governs or controls itself rather than being controlled by anyone else, while a community or organization consists of all the people who live in a particular area or place.
On the other hand, an Autonomous Organization has special mechanisms that are capable of managing the organization without the need for intervention by any government or ruler.
One good thing about a community or an organization is that both can be formed by two or more persons with a common interest.
These autonomies were classified as Centralized and Decentralized Autonomous Organizations.
The centralized autonomous organization sets its management structure where decision making is done at higher consolidated levels. No need for the opinion of others aside from feedback and review of already existing rules and regulations guiding the organization or community.
The decentralized autonomous organization goes with the process by which the activities of the organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group to the public to decide the way forward and how things should be done to favor everyone. Sounds great for the masses. This process is known as decentralization.
People adopted the idea of decentralizing finance and authority to favor everyone in a world without violence, oppression, race, color, and tribe.
Today, we have many decentralized autonomous organizations waving their flags to attract like-minded people from around the world, both offline and online.
This is where cryptocurrency stepped in to curtail the limitations of cross-border transactions of these digital and real-world decentralized autonomous organizations known as DAO.
Decentralization Autonomous Organization (DAO)
According to history, the first DAO was simply called "The DAO" and was created by Christoph Jentzsch and Simon Jentzsch. The launch was an unexpected success as it gathered more than 12.7 million ETH (with a value of about $150 million dollars at that time), which made it the greatest crowdfunding in history. When ETH traded at $20, The DAO's total Ether had a value of more than $250 million.
A Decentralized Autonomous Organization (DAO) is an open-source blockchain protocol governed by a set of rules, created by its community members, which automatically executes certain actions without the need for intermediaries. No external influence from the country's government. A DAO as an entity operates through smart contracts to fix the problem of trust.
Joining a DAO has many advantages and disadvantages.
One of the disadvantages is members of the middle class can dislike an adopted motion of a member or investor with a high reputation if it does not benefit them, and continue to do things that benefit themselves.
DAO communities have many advantages. Community participation is encouraged, and any ideas submitted by members of the organization must be voted on by fellow members.
DAOs have good efficiency and automation because they set their rules up right from the start. Once rules are established, the DAO's operations no longer need to be managed.
Lastly, every action taken by the organization is recorded on the blockchain and visible to everyone. These are the benefits of smart contracts.
It is true that inventing new technologies has its challenges. Although DAO projects have some disadvantages, they can be controlled so that they do not run down the DAO project idea.
In a DAO, the top officials may manipulate ideas and incentives for the DAO, leading to malicious or manipulative behavior that can be fatal to the DAO.
Chaebol rule - there is always a risk that the chaebol will rule the community.
Another problem is members of the DAO may be unaware of the technical issues they are voting on.
Some members may not be aware of the consequences of legal risks. It is not clear how DAOs will be classified within the existing legal framework.
In conclusion, it can be said that DAO offers both advantages and disadvantages for interested persons or investors.
Thanks for reading.
The Good of Cryptocurrency
Cryptocurrency is a digitized asset spread through multiple computers in a shared network. The decentralized nature of this network shields them from any control from government regulatory bodies.
According to the UPSC syllabus, cryptocurrency is derived from the encryption techniques used to secure the network.
As computer experts, any system that falls under the category of cryptocurrency must meet the following requirements:
Absence of any centralized authority and maintenance through distributed networks
Records of cryptocurrency units and who owns them
Decision of whether new units can be created and their origin, and the ownership terms
Ownership of cryptocurrency units can be proven exclusively cryptographically
The system allows transactions to be performed in which ownership of the cryptographic units is changed.
The Advantages Of Cryptocurrency Include:
1. Transaction speed
Cryptocurrencies have always kept themselves as an optimal solution for transactions. One of the advantages of cryptocurrency transactions is that they can be completed in a matter of minutes. Transactions, whether international or domestic, in cryptocurrencies, are lightning-fast. This is because the verification requires very little time to process as there are very few barriers to cross. Once the block with your transaction is confirmed by the network, it's fully settled and the funds are available to use.
2. Cost Effective Mode Of Transaction
Cryptocurrency transactions are usually less expensive ie. the cost of transacting in cryptocurrency is relatively low compared to other financial services. For example, it's not uncommon for a domestic wire transfer to cost $25 or $30. Sending money internationally can be even more expensive. However, it is worthy of note that demand on the blockchain can increase transaction costs. Even so, median transaction fees remain lower than wire transfer fees even on the most congested blockchains.
3. Accessibility
Anyone can use cryptocurrency with the use of a computer or smartphone and available internet connection. The process of setting up a cryptocurrency wallet is extremely fast compared to opening an account at a traditional financial institution. There's no ID verification, background, or credit check. Cryptocurrency offers a way for the unbanked to access financial services without having to go through a centralized authority.
4. Security And Privacy
Privacy and security have always been a major concern for cryptocurrencies. The blockchain ledger is based on different mathematical puzzles, which are hard to decode. This makes a cryptocurrency more secure than ordinary electronic transactions. Unless someone gains access to the private key for your crypto wallet, they cannot sign transactions or access your funds. However, if you lose your private key, there's also no way to recover your funds.
Furthermore, transactions are secured by the nature of the blockchain system and the distributed network of computers verifying transactions. As more computing power is added to the network, it becomes even more secure. Cryptocurrencies, for better security and privacy, use pseudonyms that are unconnected to any user, account or stored data that could be linked to a profile. Any attack on the network and attempt to modify the blockchain would require enough computing power to confirm multiple blocks before the rest of the network can verify the ledger's accuracy. For popular blockchains such as Bitcoin (CRYPTO:BTC) or Ethereum (CRYPTO:ETH), that kind of attack is prohibitively expensive. Instances of hacked cryptocurrency accounts are usually tied to poor security at a centralized exchange.
This level of privacy can be desirable in many cases (both innocent and illicit). That said, if someone connects a wallet address with an identity, all of the transaction data is public. There are several ways to further mask transactions, as well as several coins that are privacy-focused to enhance the private nature of cryptocurrency.
5. Transparency
All cryptocurrency transactions take place on the publicly distributed blockchain ledger. There are tools that allow anyone to look up transaction data, including where, when, and how much of a cryptocurrency someone sent from a wallet address and anyone can also see how much crypto is stored in a wallet. This level of transparency can reduce fraudulent transactions. Someone can prove they sent money and that it was received, or they can prove they have the funds available for a transaction
6. Diversification
Cryptocurrency can offer investors diversification from traditional financial assets such as stocks and bonds. While there's limited history on the price action of the crypto markets relative to stocks or bonds, so far, the prices appear uncorrelated with other markets. That can make them a good source of portfolio diversification. By combining assets with minimal price correlation, you can generate more steady returns. If your stock portfolio goes down, your crypto asset may go up and vice versa. Still, crypto is generally very volatile and could end up increasing the volatility of your overall portfolio if your asset allocation is too heavy on crypto.
7. Inflation protection
Many see Bitcoin and other cryptocurrencies as offering protection against inflation. Inflation has caused many currencies to get their value declined with time. Bitcoin has a hard cap on the total number of coins that will ever be minted. So, as the demand increases, its value will increase, which will keep up with the market and, in the long run, prevent inflation. There are numerous other cryptocurrencies that use mechanisms to cap supply and can act as a hedge against inflation.
8. Decentralized
A major pro of cryptocurrencies is that they are mainly decentralized. A lot of cryptocurrencies are controlled by the developers using it and the people who have a significant amount of the coin, or by an organization to develop it before it is released into the market. The decentralization helps keep the currency monopoly free and in check so that no one organization can determine the flow and the value of the coin, which, in turn, will keep it stable and secure, unlike fiat currencies which are controlled by the government.
In conclusion, I feel whether or not your country supports cryptocurrency, one should make good use of partaking and enjoying these advantages of cryptocurrency as the emergence of new platforms is introduced daily.
The Use of Cryptocurrency in Nigeria: Advantages and Disadvantages
Hey Friends, The term Cryptocurrency might not sound strange to you. You might have heard friends and random people talk about it with so much enthusiasm, and you are just naive. In this article, I am going to be giving an expose on the use of cryptocurrency in Nigeria, and we will also talk about the pros and cons of this term “Cryptocurrency” in our society.
This new currency started way back in 2009 by an anonymous person under the alias Satoshi Nakamoto.
The term Cryptocurrency is a digital currency that is different from fiat money. In simple terms, fiat is paper or coin money that we all use.
Cryptocurrency is based on a system of encryption algorithms. This means that this digital currency operates as an online accounting system and as a currency.
Cryptocurrency these days comes under different names, such as Ethereum, Bitcoin, Litecoin, etc.
These digital currencies have wallets that aid transactions. They could be operated on the cloud or be stored on a PC or your smartphone.
Let us see why individuals, groups, and institutions in Nigeria and the world at large are embracing the idea of cryptocurrency:
Make payments: Many companies have adopted the cryptocurrency innovation. It is now possible to board a flight on some airlines, purchase a Tesla or Lamborghini, buy books from bookstores, and purchase a vacation in Seychelles or Bali by paying in digital currencies directly.
Low charges/ fast transactions: Cryptocurrency reduces high maintenance fees customers have to pay to the financial intermediaries whenever they are carrying out a transaction to zero. In the crypto space, you can transfer lots of money in a few minutes. It's not like that in our real world, where banks have to make sure the checks have cleared before the transaction becomes successful. This is an example of the P2P (Peer-to-Peer) system.
No account freezing: We have heard of someone whose account was frozen, in our real world banking, maybe because the government suspected financial misconduct or as a way to limit that person’s power. This is not the case in most cryptocurrencies, as they operate on a system known as a Censorship-Resistant alternative store of wealth. That is to say, only the person in possession of the private key can gain access to that account. It is similar to a password.
Making transactions with hidden identity: Cryptocurrency has given individuals the ability to make transactions without revealing their identity or location. This helps them keep financial records private.
Created Crypto-Based Jobs: Cryptocurrency platforms are now one of the major employers in the world in creating jobs, such as ambassadorial jobs, community managers, content writers, and web developers. Steemit and Hive are crypto-based blogging platforms that pay people to create content in their currencies or tokens.
Cryptocurrency Gaming: There are so many crypto games now that allow gamers to earn money doing what they love. Gaming works hand in hand with blockchain and cryptocurrency. This has made the gaming industry more transparent for developers and players as fraud has been minimized. Gambling websites and casinos are no strangers to the cryptocurrency wave as they have now introduced it to their operations. Like every other nation in the world, the crypto wave has changed the way a lot of people do transactions in Nigeria. This change has come with ease and a better way of making payments, but it has also brought its share of complications.
Pros of Cryptocurrency in Nigeria:
The Nigerian economy has been on a decline since 2006 when the country experienced a recession. With the advent of cryptocurrency, many Nigerians went into trading, buying, and even doing crypto jobs, thereby bringing money into the economy. Cryptocurrency has helped some impoverished Nigerians to improve their standard of living.
Cryptocurrency has changed the way we bank, making it easier and less of a hassle. There are no hidden charges with cryptocurrencies, which are common in traditional banking. Transactions in the crypto space are fast and secure, as stated earlier.
With the constant downward movement of the Nigerian naira, cryptocurrency offers a way for citizens to save and earn more money. So investment in crypto will be a no-brainer to keep everyone from moving in the same direction with the depreciation.
Cryptocurrency allows for easier and cheaper international transfers of money and can be a sure way to ensure the stability of your money.
Cons of Cryptocurrency in Nigeria:
Due to the anonymous nature of cryptocurrency, in a country with a high crime rate and the potential for fraud or terrorism, it’s a dicey situation because crypto money cannot be traced to individuals who may use it to get away with more crimes in Nigeria.
Losing your wallet or wallet key can be a disaster. Hackers can also get into your wallet, take all your money, and leave you with nothing.
Cryptocurrencies are volatile, meaning their value isn't predictable and this can affect an investor in the long run resulting in heavy loss.
Cryptocurrency is a step in the right direction and if Nigeria as a nation does not move with the tide, we will have ourselves to blame. All hands must be on deck to stamp out fraudulent activities from the home front to the general public. To help achieve that goal, EFCC, the anti-graft agency, should be open and transparent in its operations.
The use of cryptocurrency can't be overemphasized, especially in this fast-changing world. Nigeria should be part of this change. Now the question is, Are we ready?
Ambassador Report
There's no end to the potential of manpower. This has been applied in the promotion of the Community DAO, which is the same as creating content for it on different social media platforms. From our weekly analysis, the following ambassadors earned reward points for different tasks. Each point was equal to the C0MM token, The Community DAO's token.
Leaderboard/Ranking
Rank Twitter username
Dani_BeeHive
Yhuddee111
Banacubana
Alochinonye
Mkay_vic
Samuel_I_ni
WinneXia
Weekly Design Contest: Gif/Short Video 7/30/22
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Top 5 Marketing Picks for Best Gif/Short Video Sequence
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Best Video/Gif of the Week
Kirton Call
[From The opportunities and risks of Metaverse for small businesses - by Sritanshu Sinha 7/22/22 - Cointelegraph]
The benefits outweigh the risks when it comes to adoption of Metaverse for small businesses.
The Metaverse has become one of the biggest buzzwords in the blockchain and crypto, as it promises to provide a more immersive, interactive and collaborative experience than what the internet has accomplished to date.
This promise of a new world has huge enterprises like Meta (formally known as Facebook) investing huge sums in the budding space. When most hear the name Metaverse, their mind wanders to a few things: an avenue for global conglomerates to showcase their technology-forward bent, an esoteric product for a selected few to display nonfungible tokens (NFTs) or a new front in gaming development. However, a deep dive into Metaverse reveals a whole new world, a world full of new opportunities and risks for both consumers and businesses.
Although the current Metaverse ecosystem might be populated with giant corporations, eventually, for wider adoption, small businesses will have to make a transition. Looking at historical patterns in the adoption of new technology like the internet, mobile payments and more, it is apparent that small businesses play a monumental role in getting the masses onboarded.
The gaming industry has traditionally been a trailblazer in adopting cutting-edge technologies, and it’s the same case for the Metaverse. Many gamers already consider Metaverse to be the next frontier in gaming. Developers say today’s gaming can often feel lonely. Although multiplayer gaming solves the problem of isolation to an extent, Metaverse takes immersion and community to a whole new level. Communities created by Metaverse projects like Decentraland, Axie Infinity and Sandbox give not only social benefits but also monetary ones.
However, the current Metaverse gaming space is dominated by large firms. The research and development for a Metaverse game are generally out of budget for small businesses. Nikita Sachdev, the founder and CEO of Luna PR, thinks that along with gaming, real estate is another sector that could potentially be an earlier adopter of the Metaverse. Sachdev told Cointelegraph:
“For real estate, companies and agencies are always looking to develop ways of touring and visualizing properties for pre-plan sales and foreign investors. Imagine if you can tour an entire compound before it is even developed? Investing in real-world property will become a lot more immersive and ‘open houses’ will not be necessary anymore.”
The global real estate market is estimated to be valued at over $3 trillion, and any potential dent in this space can have immense economic and sociological implications.
Fashion is another sector that could be disrupted by the Metaverse. In fact, there has already been a successful Metaverse Fashion Week which included runway shows, after-parties, immersive experiences, shopping, panel talks and more…
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[From Block By Block: Blockchain Technology is Transforming the Real Estate Market - by Andrew Singer - Cointelegraph, July 22, 2022]
Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry.
According to a September 2021 report by Savills World Research, the estimated value of all the world’s real estate stands at $326.5 trillion. By comparison, crypto-sector market capitalization was about $1 trillion in mid-July.
The property market, moreover — at least its commercial real estate segment — is also characterized by costly entry barriers and asymmetrical information that favor insiders. Its fees are high, paperwork onerous, and deeds are sometimes defective, falsified or missing. Some properties can take years to move — another way of saying its market is illiquid. All in all, it isn’t surprising that many believe this market is ripe for disruption, particularly through blockchain-enabled tokenization.
This notion of tokenizing real estate isn’t entirely new. As far back as 2019, for example, a 6.5-million-euro villa in Boulogne, outside Paris, was tokenized. One million shares were put up for sale on the Ethereum blockchain, the first property in France ever sold as a blockchain transaction. An individual could have purchased a part of the luxury villa for as little as 6.5 euros…