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What is CitaDAO doing to bring real estate into web3 and into the 21st century? A thread …The knights of CitaDAO are building a Real Estate powered DeFi ecosystem, featuring a two-way asset tokenization bridge, ample liquidity, and bearer asset tokens that are composable with the broader DeFi applications and primitives.
Real estate tokens will enable the DeFi community generate sustainable yield through real world productive assets, diversify their portfolio on-chain, AND serve the growing demand for on-chain yield.
Unlike past real estate tokenization attempts, they are taking a 100% DeFi approach that leverages composability with other projects, allowing the platform to scale users/ usecases rapidly (see collab with XToken to provide concentrated liquidity on UniV3
Through the platform, crypto natives can soon be taking over meatspace real world assets and the physical world shall be re-made in the likeness of our own Crypto community activities such as tokenized real estate used as collateral for permission-less loans on-chain will be a reality, powered by Chainlink on price feeds for real estate
The first property to be tokenized will be a prime heritage real estate building located in Cardiff, Wales, UK in January 2022. This will be the world's first prime multi-million usd property to be introduced on-chain via a decentralized two-way tokenization bridge where users can freely convert tokens into the physical title and deed
follow @citadao_io as more details coming soon in the next days and weeks...
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