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Sounds like a convoluted way of gambling on property values? I don't know why you would need NFT or crypto currency for that (other than making the whole scheme
by progfix 5y ago
Sounds like a convoluted way of gambling on property values? I don't know why you would need NFT or crypto currency for that (other than making the whole scheme sound more complex and important to investors).
- jedberg 5y agoIt's the easiest way for 3,000 people to own a single building. Managing an LLC with that many owners is an accounting nightmare. It wouldn't make sense to only charge $50 to invest and to pay rent each day if you had to manage it "the old way". The old way being REITs, which I used to invest in, but you lose a lot of money on management fees that way.
- scotu 5y agocan't the justification for the management fee (employee doing the accounting etc) be just replaced by centralized software though? What does a blockchain bring?
- cardosof 5y ago> What does a blockchain bring? Investors. Jokes aside, it could be that for some people the public and decentralized history of token ownership is more robust and transparent.