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Well, it’s happening. Check out what the knights of @citadao are building
1/ Commercial real estate is largely monopolized by TradFi funds like Blackrock. So, we can sit back and allow BlackRock, large real estate funds, the Fed & the government to continue hogging everything, or we can fight back.
How? With a protocol that levels the playing field for the crypto natives.
2/ CitaDAO takes a truly DeFi approach that leverages composability with other projects, allowing the platform to scale rapidly. Unlike the past real estate tokenization attempts,
4/ IRO process is community voting mechanism to determine if the building gets tokenized. During the IRO process, DeFi community locks up their stablecoin to indicate their interest in back the tokenization process. In return for locking up their liquidity, the user will earn a daily reward from the reward pool.
It will consist high quality commercial real estate in major cities.
Why? Because they provide the most confidence and stability during all economic conditions.
8/ With the Real Estate Tokens, holders will be able to take collateralized loans on-chain, with the composability from the existing lending protocol.
Why is this such a game-changer?
Token holders gets the benefit of low volatility of real world asset and the efficiency of defi borrowing.
6/ For the first time in the history, crypto anons will be able to collect rents from rent seekers. The first IRO for CitaDAO will be a building leased to TradFi in Wales
7/ Is that enough to convince you, anon?
How about 'one more thing...' Imagine we have the back of the entire frog nation moving in on this!
8/ If we want to bring legitimacy to web3, this is our opportunity and real estate will play a crucial role. This is the way.
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