IN THIS ISSUE
Lofty Conversion
Bonfire DAO’s First Tokenization
New listings on RealWeb3db.com
Worth Your Time
Lofty Converting to DAO LLCs
Lofty is asking investors to convert all properties to DAO LLCs. If you are an investor, you should have received the email below along with a link to vote your preference.
Because their properties are all structured as LLCs, they must get shareholder approval for this transition.
This is an excellent step to getting more investors comfortable with DAOs. As a Lofty token hodler myself (I voted “yes”) I’m excited to see how this plays out. Will there be a real time treasury like with Cougar DAO? Will they allow rage quitting?
Bonfire Completes First Tokenization
I literally just discovered Bonfire DAO four days ago and they’re already out there making headlines.
New Listings
Teller, a DeFi provider who partnered with RoofStock to offer blockchain based home mortgages through a lending pool called USDC.homes.
(Did you get all that?)
The interesting thing about this is is that USDC.homes is not a company; it’s a DeFi lending pool, which means the assets listed on chain. Right now there is not much activity to show, and it remains to be seen whether this will get any traction, but compare this to traditional home mortgages locked deep inside a bank’s database where only the bank has access to the repayment schedule. It’s a radically different paradigm.
LandX, a protocol for connecting farms to the blockchain to create yield-bearing, productive assets. This is one of those projects that I don’t quite understand but also get the sense that it could attach itself to literally trillions in value. I will to take a deeper dive into it soon.
Worth Your Time
Recently two of the three big brains behind the Unreal Primer on Real World Assets where on the Polygon Alpha podcast to explain the thinking behind it.
If you’re not sure about devoting 55 minutes to listen or don’t have the bandwidth to read all 87 pages, this Twitter thread from TJ provides a useful summary.
Reminder, you can find all the projects we are tracking at RealWeb3db.com.
If you know of a project that should be listed, please fill out this form and I will follow up for more details.
And that’s it for the very first issue!