The couple-clicks, home-buying experience is something many in the real estate industry have talked about for years. In a transaction that typically requires lots of paperwork, people, and legal checkpoints to happen, it didn’t seem possible.
Thanks to blockchain and a burgeoning world of NFTs (Non-Fungible Tokens), this wave of possibility is already within view. It's like we're sitting on the shore, we see the wave coming, and we're grabbing our boards to surf it.
You see, the couple-click, faster, simpler, more secure transfer of real estate assets that everyone who is tied to the transaction - the buyer, seller, and agent - has yearned for over a decade, is now accessible to everyone through Web3 technologies.
What happened on Wednesday, April 13th, 2022, in Tampa, Florida - the couple-click experience, has made that dream a reality.
Until now, the conversation around Web3 innovation has been dominated by the art world and seen as a way of proving and securing ownership of digital assets.
Reid Hoffman (founder of LinkedIn and venture capital firm Greylock) stated in a recent podcast that web2 was for real identities and relationships, and now web3 is the upgrade of the web for ownership. Because obviously, “once you have a cryptographically secure ledger, it isn’t just digital assets that could be there”.
Ownership is something that exists not in objective reality, but as a result of human interaction. It exists because humans agree that it exists. Some examples of social constructs are countries, money, and private property. Car ownership is just a title, it’s a record in a database, thus it’s a digital asset. Thus it could be governed via blockchain.
Continue reading: https://www.forbes.com/sites/nataliakarayaneva/2022/04/16/click-click-close-how-web3-is-re-engineering-real-estate/?sh=3486d3f66061
Thanks to blockchain and a burgeoning world of NFTs (Non-Fungible Tokens), this wave of possibility is already within view. It's like we're sitting on the shore, we see the wave coming, and we're grabbing our boards to surf it.
You see, the couple-click, faster, simpler, more secure transfer of real estate assets that everyone who is tied to the transaction - the buyer, seller, and agent - has yearned for over a decade, is now accessible to everyone through Web3 technologies.
What happened on Wednesday, April 13th, 2022, in Tampa, Florida - the couple-click experience, has made that dream a reality.
Until now, the conversation around Web3 innovation has been dominated by the art world and seen as a way of proving and securing ownership of digital assets.
Reid Hoffman (founder of LinkedIn and venture capital firm Greylock) stated in a recent podcast that web2 was for real identities and relationships, and now web3 is the upgrade of the web for ownership. Because obviously, “once you have a cryptographically secure ledger, it isn’t just digital assets that could be there”.
Ownership is something that exists not in objective reality, but as a result of human interaction. It exists because humans agree that it exists. Some examples of social constructs are countries, money, and private property. Car ownership is just a title, it’s a record in a database, thus it’s a digital asset. Thus it could be governed via blockchain.
Continue reading: https://www.forbes.com/sites/nataliakarayaneva/2022/04/16/click-click-close-how-web3-is-re-engineering-real-estate/?sh=3486d3f66061
