I've been following the "crypto" space for a good number of years now, and when stablecoins emerged, I thought that the model didn't make much sense. Back then

I've been following the "crypto" space for a good number of years now, and when stablecoins emerged, I thought that the model didn't make much sense. Back then, I thought that using a different collateral (e.g. US real estate), properly "locked", would have been much more interesting. Then eventually I co-founded a startup in 2017 [0] (but left quite early at the end of 2018), with the idea that the "city of the future" should have something to do with crypto and digital. The company had made a lot of progress since I left (I still have a small chunk of shares, otherwise not really affiliated with them anymore). Imagine if you could take a house worth, say, $100,000, then "lock" it in a "trust" controlled by a token (NFT, we used these back in 2017 when no one knew about them), and you can use up to a safe % of the house value as collateral for a stable coin (say 20%, or $20,000). The NFT acts as a "key" to the property. Fabrica found a clever way to do this, with the aforementioned trust. In a trust you can say that the beneficiary is whoever owns a certain NFT. You can "sell" a house (more properly, transfer control/benefit of the trust owning the house) with a simple transaction on the Ethereum blockchain. This would allow you to use the intrinsic value of a property (being a collateral), without any side effects, by simply "locking" the NFT associated with the property. The moment you want to "unlock" it, you give back the $20,000 and unlock the NFT, and then you can unwind the trust and go back to the original ownership structure. Or, change the trust so that the beneficiary is now a person, not an NFT. I thought this would be a revolution. Of course, it didn't happen (while I was at Fabrica we went through the 2018 "crypto winter" and that almost killed the company, then we had to part ways, and the team who was left struggled for a while before regaining some financial stability). We also decided we didn't want to do an ICO, because we thought most of these were scams, and it wasn't the right way to build trust with our customer base. Well, I hope this was interesting to read. [0]: https://fabrica.land/ https://fabrica.land/