Cryptocurrency

[Jer]

Add some $Algo

I updated my post, had missed a few transaction updates in CoinMarketCap that should have reflected a heavy dose of Algo. Would be interested in seeing other people’s asset base as I’m still new to the crypto world.

25% Cardano
12% Algo
10% Solana
8% Stellar
8% Chainlink
7% Polkadot
7% Ethereum
7% Litecoin
7% Polygon
10% Other

 

[JustAnotherTimeline]

Interesting developments in NFT land.

After working on the technological and legal framework to turn real estate properties into NFTs, Propy are now ready to launch the first NFT backed real-estate auction this month. Propy says the record of the purchase is placed on the immutable blockchain and provides access to the legal documents signifying ownership. This reduces costs for the buyers and makes the purchasing process quick, simply by letting them buy a property in a few minutes​

Florida to become home of the first US real estate NFT in Propy Auction

NFT's in the US real estate sector is heating up as Florida becomes the first state to announce an auction.

cryptoslate.com

 

[agrabes]

Interesting developments in NFT land.

After working on the technological and legal framework to turn real estate properties into NFTs, Propy are now ready to launch the first NFT backed real-estate auction this month. Propy says the record of the purchase is placed on the immutable blockchain and provides access to the legal documents signifying ownership. This reduces costs for the buyers and makes the purchasing process quick, simply by letting them buy a property in a few minutes​

Florida to become home of the first US real estate NFT in Propy Auction

NFT's in the US real estate sector is heating up as Florida becomes the first state to announce an auction.

cryptoslate.com

The biggest question being - how does this actually work? Is Propy the owner of the property, with an NFT backed agreement assigning their rights of ownership to you? Real estate property ownership must be recorded in official public record. You can't eliminate that step just by saying it's now on the blockchain. This seems like one of those Constitution DAO situations where you aren't really getting what you think you're getting. https://www.forbes.com/sites/abramb...tion-dao-ether-redeem-refund/?sh=18555e106f3f

 

[JustAnotherTimeline]

The biggest question being - how does this actually work? Is Propy the owner of the property, with an NFT backed agreement assigning their rights of ownership to you? Real estate property ownership must be recorded in official public record. You can't eliminate that step just by saying it's now on the blockchain. This seems like one of those Constitution DAO situations where you aren't really getting what you think you're getting. https://www.forbes.com/sites/abramb...tion-dao-ether-redeem-refund/?sh=18555e106f3f

Yeah, I'm familiar with DAOs. Good question. I wish I knew answer. You're right, it does seem title transfer would still need be done at the recorders office.

At the moment it seems to make less sense for an individual purchase. I guess we will see how that is handled provided this gets off the ground.

On the other hand, DAOs and fractional ownership are a good marriage between real estate and NFTs. In theory anyway. Personally, I have looked into several foreign investments through this channel. Haven't pulled the trigger though.

 

[Jer]

NFTs will be everywhere in 10 years as proof of deeds, certificates, contracts, etc but there are some current uses that are just plain ass dumb - like JPEGS and sudo property purchases.

 

[JustAnotherTimeline]

NFTs will be everywhere in 10 years as proof of deeds, certificates, contracts, etc but there are some current uses that are just plain ass dumb - like JPEGS and sudo property purchases.

Mostly agree. Although I'm not as down on DAO based tokenized property purchases as you maybe.

 

[JustAnotherTimeline]

NFTs will be everywhere in 10 years as proof of deeds, certificates, contracts, etc but there are some current uses that are just plain ass dumb - like JPEGS and sudo property purchases.

I dunno though, it would be quite a flex if the CF founder had a bored ape yacht club profile pic.

 

[Ames]

NFTs will be everywhere in 10 years as proof of deeds, certificates, contracts, etc but there are some current uses that are just plain ass dumb - like JPEGS and sudo property purchases.

I mean a Lambo could be called just plain ass dumb car. But I still would love to own one.

I've done well with BAYC and other NFTs, but it's gotten me into real art also. Even own a piece of a Banksy.

 

[Jer]

I mean a Lambo could be called just plain ass dumb car. But I still would love to own one.

I've done well with BAYC and other NFTs, but it's gotten me into real art also. Even own a piece of a Banksy.

So I assume you’re part of a DAO that pools funds for the art/NFTs?

 

[Ames]

So I assume you’re part of a DAO that pools funds for the art/NFTs?

For some yeah. The Banksy isn't a DAO. They sell NFTs that represent a portion of the Banksy with specific coordinates of where on the physical.

Tezos has a lot of "real" artists doing real art. Some of them specifically intend for them to be printed.

 

[BCClone]

Big fan of your #1 holding

You dump your bitcoin?

 

[JustAnotherTimeline]

You dump your bitcoin?

Nope!

 

[BCClone]

Nope!

You got in pretty good on that didn't you?

 

[Jer]

Interested in what peoples portfolios look like.

 

[JustAnotherTimeline]

You got in pretty good on that didn't you?

Sort of....I have been accumulating since fall 2020. Think by cost basis is around 25k.

 

[Ames]

Interested in what peoples portfolios look like.

A lot of this depends on if you are looking for home runs or like really good gains compared to other things.

Need a good chunk in ETH. It's going to be the backbone of a lot of this. The L1 for all these others that are or will be L2's for ETH. People will do stupid things right before ETH 2 comes out also.

Missing Tezos. I wouldn't go too hard but it's becoming the artists blockchain for NFTs.

I love CRO. But I bought it early. I think crypto.com is pumping money in advertising so it still has great gains to be made. The home run has already happened though.

A lot of these you should look at what you can do for staking or LPs. Don't just look at price goes up or price goes down.

 

[JustAnotherTimeline]

Interested in what peoples portfolios look like.

View attachment 95421

I'm boring. 75% btc, 15% eth, 10% Ada. Guess I also threw a small bag at DRIP.

 

[agrabes]

NFTs will be everywhere in 10 years as proof of deeds, certificates, contracts, etc but there are some current uses that are just plain ass dumb - like JPEGS and sudo property purchases.

I don't think it's impossible that the current NFT craze will drive things like deeds/property title or others that have resisted being digitized into a digital realm. But I think at the end of the day, it will be done through traditional, secure databases controlled by trusted parties rather than blockchain/NFT.

 

[JustAnotherTimeline]

A lot of this depends on if you are looking for home runs or like really good gains compared to other things.

Need a good chunk in ETH. It's going to be the backbone of a lot of this. The L1 for all these others that are or will be L2's for ETH. People will do stupid things right before ETH 2 comes out also.

Missing Tezos. I wouldn't go too hard but it's becoming the artists blockchain for NFTs.

I love CRO. But I bought it early. I think crypto.com is pumping money in advertising so it still has great gains to be made. The home run has already happened though.

A lot of these you should look at what you can do for staking or LPs. Don't just look at price goes up or price goes down.

Do you think providing eth/btc LP is wise? That protocol would you recommend? Mine is just sitting in cold and cefi right now.

 

[Ames]

I don't think it's impossible that the current NFT craze will drive things like deeds/property title or others that have resisted being digitized into a digital realm. But I think at the end of the day, it will be done through traditional, secure databases controlled by trusted parties rather than blockchain/NFT.

Even if you are correct they will do it on private blockchains. But I think it's more likely that the gov or some company spins off a copy of some blockchain and makes it public. Runs it themselves. Anyone can read it, writing to it is controlled.

Car titles. Needs to happen asap.

ISU could run their own for tickets. I mean probably buy some companies code and run their own copy of it.

I think NFTs are like the web. I don't know how people are missing it but it coming and it will disrupt so many industries.