Homebase🏠
@HomebaseDAO
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For people priced out of homeownership, Homebase makes it easy to invest in residential real estate. Backed by @Techstars | Powered by @Solana
Joined August 2021
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Pinned Tweet
🚨Homebase Sells Out 1st Tokenized Home on
@solana
🚨
We're excited to share that our first tokenized rental property sold out in < 2 weeks
Investors will begin to receive rent directly to their crypto wallet via USDC 😎
Learn how you too can become a property owner ⬇️
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🚨The Homebase Investment Platform is Now Live in Beta🚨
The world's first platform tokenizing real estate on
@Solana
Make an account and get a sneak peek of our first property going live next week 👀
Start building wealth with real estate today ⬇️
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🚨 Homebase Sells Out 2nd Tokenized Property on
@Solana
🚨
We're excited to share that our second tokenized rental property sold out
Investors will begin to receive rent directly to their crypto wallet via USDC 😎
Learn how you too can become a property owner ⬇️
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So it turns out people really want decentralized real estate...
gm to all 2953 followers, excited to be on this journey with you
This is just the beginning.
Slowly at first, then all at once 🫡
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👀
NEWS: Crypto real estate startup Homebase raised $200K+ in Texas rental tokenization.
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🚨We're excited to announce that Homebase was accepted into the Techstars '23 Boulder Accelerator. 🚨
For those unfamiliar, Techstars was the first check into companies like
@AlloyAutomation
&
@classpass
.
We're just getting started 😎
First 🏠⛓️ on
@solana
coming soon 🤫
Thrilled to announce the 12
#startups
selected for our Winter Class of 2023!
These early-stage cos. are building SaaS and Marketplace products to solve a breadth of problems across Fintech, Proptech, Healthtech, HRtech, and Sportstech.
Learn more:
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It's been 6 months since we last wrote about 'Why Solana'
We've since launched our platform, tokenized and sold the 1st home on Solana, and now have others in the pipeline 👀
It's time for a refresher
Why we chose to bring real estate on-chain on
@Solana
, a 🧵👇
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Homebase at Time Square in NYC
How's that for real world utility.
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3/ 💸 For the first time, users could invest in cash flowing rental properties directly from their
@phantom
wallet
And they didn't need a bank's approval to do it.
Users could browse The Cardinal, view its projected financials, and invest from the comfort of their home
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8/ Our vision is grand.
We're creating a fractional economy for homes.
Imagine being able to use home NFTs as collateral to take out a loan via DeFi protocol OR tokenizing your home and selling 20-30% of it online .
No bank or credit score required.
We're building that.
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🚨Homebase made its first rental payment distribution yesterday 🚨
Owners of 'The Cardinal' received rent for the month of April
💸 USDC was airdropped into their wallet
Thank you to
@SquadsProtocol
,
@circle
,
@solana
Welcome to Real Estate 3.0
More 🏠⛓️ soon 😎
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1/ 🏠 Earlier this month, we listed for sale our first tokenized property, The Cardinal, a $235k single family rental
It was an experiment
Do people even want to buy tokenized real estate?
We've heard about RWA on-chain since '17, but have yet to see mass adoption
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4/ 💰The users who participated will begin to get their proportional net rent delivered to their Solana wallet monthly.
Homebase handles all property management and home improvements, so they don't have to.
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7/ How does it work?
For each property we tokenize, we do the following:
1. Spin up an SPV to acquire the home
2. Sell NFTs that represent ownership in the SPV
3. Use the funds raised to acquire the property
4. Begin to manage the home and distribute rent monthly to holders
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10/ Oh and if you want to read more details about the sale of our first offering...read more about it on the exclusive interview we did with
@Blockworks_
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Thanks for featuring us
@THELILYNFT
!
Took us 7 months to build out the legal framework to tokenize our first home on the Solana blockchain in a US compliant manner.
Hope you're excited to see more homes on the Solana blockchain soon 😎
Article Alert
Securities Law and Tokenization of Real Estate
By:
@HomebaseDAO
Get in touch with us if you want to publish your work in the Lotus Library.
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Tokenizing homes using compressed NFTs? 🤔🏠
1/ Solana's low fees have made it an industry leader. But thanks to a recent innovation from teams across the ecosystem, it's about to cost even less.
Introducing state compression, a new way to store data on Solana that lowers cost significantly.
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Should we write a blog on how Solana will shake up the real estate industry?
Tokenized homes. Mortgages on-chain. Transactions done entirely online.
The whole 9 yards.
Will abide by the results of this thread.
Yes
308
No
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Ser what's Solano
18
I'm a polygon maxi
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@CoinbaseCloud
@solana
Solana continues to prove that they iterate and respond to market feedback in real time 🫡
It's what makes us proud to be building on their chain
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2/ 🔬In our experiment, users had the opportunity to buy NFTs that represent a fractional share in The Cardinal, worth $100 each
We sold out in under 2 weeks – during the Silicon Valley Bank Crash
After calls 60+ users in the last 2 weeks, what did we learn?
People want DeFi
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To those that keep asking us
“Why Solana, other chains are better for tokenizing real estate”
If you consider daily active wallets as a proxy for user engagement / growth
We’re building on the chain that people love to use
👇
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The year is 2025, you've just purchased your 3rd real estate NFT.
You're proud. You pull your son to the side, and say:
"Son, you see these homes? One day they'll be yours."
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The Solana DeFi Ecosystem is starting to look stacked 👀
🚨Launching the latest “Solana DeFi Ecosystem Map” - ft. LIVE DeFi projects on Solana by category📈
👀 Stay tuned for a detailed essay on the State of Solana DeFi - meanwhile, shill what you are building👇
cc:
@inSitesh
@gizmothegizzer
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9/ If you want early access to our next home offering 👀
...make sure to sign up at:
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5/ ⚖️ Properties listed are vetted by our team, and all home info is publicly available for review.
✅ Inspection Reports
✅ Home Appraisal
✅ Property Lien information
We believe in transparency, trust and equality of home information.
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The RWA narrative is heating up again
But it's dominated by players on Ethereum, Polygon, Algorand etc
Why? Bc that's where the liquidity is
@Solana
is best suited to tokenize RWAs at scale, but for asset composability to exist, we need a RWA standard
Let's build one🧵👇
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🚨Homebase made its 3rd rental distribution today🚨
Owners of 'The Cardinal' received rent for the month of June
💸 USDC was airdropped into their digital wallet
Thank you to
@SquadsProtocol
,
@circle
,
@solana
🏠⛓ slowly at first, then all at once
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🚨Homebase made its 2nd rental payment distribution yesterday🚨
Owners of 'The Cardinal' received rent for the month of May
💸 USDC was airdropped into their digital wallet
Thank you to
@SquadsProtocol
,
@circle
,
@solana
Wen next 🏠⛓️?
Very soon 🤫
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/1 Millennials and Gen Z are likely to rent for the rest of their lives and never become homeowners. Here's why, a 🧵👇
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The Homebase team is going to be at the
@solana
NYC
@hackerhouses
next week.
Who wants to meet up and chat about tokenized real estate? 🥸
🏠⛓️
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When someone asks you: "What is Web3?"
DON'T start with words like “decentralization”, “blockchain” or “nodes”
They won't get it.
Start with this instead:
Web3 is enabling us to own things on the internet, similar to how we can own things in the physical world 🏠⛓️
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In Jan '21, the 30-yr mortgage rate was 2.65% and the median new home in the US was $369,800.
Today, the 30-yr mortgage rate is 7.04% and the median new home is now $467,700.
Assuming 20% down, that's a 105% increase in the monthly mortgage payment: from $1,192 –> $2,499
🤯
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Bitcoin and Ethereum blockchains are heavily congested right now
~400,000 Bitcoin txs pending (~16hrs to clear at ~7tps)
~200,000 Ethereum txs pending (~4hrs to clear at ~15 tps)
~0 Solana txs pending (~0hrs to clear at ~5000 tps)
Now you know why we're 🏠⛓️ on Solana
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🔥🔥
Wen we bringing this 🏢⛓️
@solana
BREAKING:
@solanalabs
TO UNVEIL NEW 25K SQ. FT., 4-STORY COMMUNITY OFFICE SPACE IN NYC LOWER MANHATTAN - OFFICE TO BE A SPACE FOR PROJECTS FROM
@solana
BLOCKCHAIN ECOSYSTEM TO CO-WORK AND HOST EVENTS
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3/ We then looked into
@0xPolygon
.
Who doesn't want to build on a big network that's growing?
We decided against it for the following reason:
1. Bridging money over is HARD and EXPENSIVE
It takes multiple steps, and at one point your money disappears in both wallets.
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1/ Many folks ask us:
"Bringing real estate on-chain is great and all, but how are you solving the oracle problem?"
Let's explore what is the Oracle problem in crypto, how web2 experiences the same problem, and how we at Homebase are tackling it:
A 🧵👇
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There's a milestone that happens when you turn 30.
You feel compelled to start browsing houses on on Redfin or Zillow.
You want to own a home.
It's then that you realize – you can't afford one.
The median price of a house is now $430k!
Wtf is goin on. A 🧵👇
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@0xPolygon
4/ It didn't make sense for us to build on a platform with that much user friction.
We want to make investing in rental properties easy, Polygon just didn't cut it.
Not only that, but their leadership is questionable.
Picking fights on Twitter with random devs...
Polygon has received over 130M more in funding than Solana
Polygon uses the money to pay people to use the chain and acquire companies
Solana uses it to improve the tech and build the community and has *thousands* of more nodes
do with this information what you will
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6/ Solana truly feels like internet money.
"You don’t need to think twice about doing anything because it moves so quickly and costs so little. That’s the point.
It feels like using the internet." –
@packyM
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Solana went down yesterday for 16 hours.
You know what else has been down before?
AWS – 9 hrs
Microsoft Azure – 6 hrs
Google Cloud – 4 hrs
While awful it happened, proud of how the Solana team has been communicating and the speediness of validators.
Regardless, we build. 🏠⛓️
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🚨Big Announcement on Monday🚨
For too long, owning real estate has unaffordable to the vast majority of people.
Not anymore.
Our platform goes live on Monday, which will have details of our first home offering to go live the week after.
Sneak peak 👇👀
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▬▬▬.◙.▬▬▬
═▂▄▄▓▄▄▂
◢◤ █▀▀████▄▄▄▄◢◤
█▄ █ █▄ ███▀▀▀▀▀▀▀╬
◥█████◤
══╩══╩═
╬═╬
╬═╬
╬═╬
╬═╬
╬═╬ Just dropped in to say GM
╬═╬
╬═╬
╬═╬🏘️ Let's make more people property owners
╬═╬/▌
╬═╬/ \
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13/ It's so clear that Solana has one of the strongest communities in the web3 space.
Let's not lose sight of that, despite short term price action.
Fuck it, we ball.
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It's time to unlock the biggest asset class in the world
Real estate 🏠
People buy homes like it's 1995
Ever wonder what the world would look like if there was a liquid economy for housing?
I could be a homeowner. You could be a homeowner.
@solana
makes it possible
(1/18)
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5 reasons why young people should start investing in real estate:
(+ how to get started)
🧵
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⚠️ Announcing the Homebase Whitepaper ⚠️
The American dream of homeownership is dying.
Real estate has become unaffordable.
Homebase’s mission is to revitalize that dream by democratizing access to real estate investing.
Here’s how we're tackling it, a 🧵👇
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hmm 🤔
...seems like people do want tokenized real estate 🤷♂️
Thank you to all our early supporters ❤️
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Democratizing access to real estate.
One home at a time.
Deal with it. 😎
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People always ask us:
Why build Homebase now?
Why help people buy real estate?
Simply put:
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Proud to be mentioned alongside other amazing projects also building on
@solana
BuT sOlAnA iS dEaD?!
No it's very much alive.
The tech is there. The community is there. Now it's time to build the future we want to see.
Together 🤝
State of Solana Q4 2022
1/ With the bear market continuing and the FTX catastrophe unfolding, Solana's expansion strategies and network upgrades appeared to be overshadowed throughout Q4.
$SOL 🧵
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@packyM
@solana
8/ People keep saying Solana is dead.
That's far from the truth.
People are out here and building.
Even amidst the holidays, over 1.2k community members got together to talk about the future of Solana.
Thanks
@EasyEatsBodega
for getting folks fired up
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1/ Ethereum brought decentralized lending, trading and yield farming to anyone with access to the internet.
It set the foundation for decentralized finance.
Unfortunately, gas fees become prohibitively expensive as usage goes up.
Who remembers $200+ transaction fees?
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I'm not saying it's time for real estate-backed NFT's to take over, you are...
👀
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For those investing in homes on-chain.
Just know.
You're early 😎
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"Real Estate Investing? There should be a DAO for that"
- Benjamin Franklin, probably
Introducing Homebase — one of the first Real Estate Syndication DAOs. It's time for us to come together and fight back against the institutions. Come join our cause.
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┏┓
┃┃╱╲ Democratizing
┃╱╱╲╲ access to
╱╱╭╮╲╲ real estate
▔▏┗┛▕▔ ownership
╱▔▔▔▔▔▔▔▔▔▔╲
one house at a time
╱╱┏┳┓╭╮┏┳┓ ╲╲
▔▏┗┻┛┃┃┗┻┛▕▔
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📁Investments
└📁Real Estate
└📁 Homebase
└📁 Reasons to invest in Homebase
└⚠️ Folder is full
First home to be announced later this month🤫
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After the sale of our 2nd property, our team renovated the place
Check out the photos below, not too shabby 😎
First rental distribution to all investors to start next month 💰
USDC 🤝 real property
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The institutions are coming.
BlackRock. Fidelity. Charles Schwab. Citadel.
-BlackRock files for a Spot Bitcoin ETF
-Exchange backed by Citadel, Charles Schwab & Fidelity starts trading
It's almost as if crypto in the US is here to stay 🤔
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Why are we fighting so hard to tokenize real estate?
Bc we need a better standard for the exchange and distribution of risk.
We need internet-native finance.
Tokenization via DeFi offerings a shortcut to establishing consensus: the underlying decentralized ledger proves it.
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Pepe this
Pepe that
Mfers will YOLO their life savings into Pepe but won't spend any money investing in stable assets like real estate.
This Pepe wants to change that.
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We just reached 2000 followers. 🥳
Thank you to everyone who's supported us early in our journey.
We promise to democratize access to real estate investing, one home at a time. 🏠
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The Homebase team is attending the Solana DeFi Summit today
All we can say is…the DeFi scene on Solana is looking absolutely 🔥🔥
Very productive conversations on how to move the space forward amidst regulatory uncertainty
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@0xPolygon
5/ Of course, that led us down the path of choosing Solana.
Solana provides one of the lowest latency block times and highest bandwidths out of any chain.
In our quest to bring real estate on-chain, it's imperative for the architecture to not compromise on pricing and speed.
theres a lot of misinformation going around rn about downtime frequency for solana so here’s an accurate record
credit:
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mfers will list a property as a "new construction" but quietly add the true year built below.
💀
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@packyM
7/ Solana is quite decentralized.
For all the SQLana naysayers who say Solana is centralized, the nakamoto coefficient for
@solana
is now 30.
This presents the number of validators that would need to collude to slow down or block a blockchain from functioning properly.
10/ ☀️ The network keeps getting better and better.
The network averages around 4,000 TPS.
The Nakamoto coefficient is 30 with 1,911 validators.
Thanks to upgrades, the Solana network performs well under pressure.
More:
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Your typical Tradfi Guy: "Real estate doesn't need to be on the blockchain. The current process is perfectly fine!"
The process today 💀
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2/ As a platform that will onboard new users into web3 through real estate investing, it doesn't make sense to build on a network that costs $200 to transact.
Our real estate NFTs will be as low as $100...
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Is it too early to say it's Solana Summer? ⛱️
🌐 Helium migrated to Solana last week (DeFi WiFi)
🔥 Madlads hit >$8.2M volume within 24 hrs of mint
😇 Solana TPS > 4000 (or >400k using Sui definition in prod)
📱 Solana Saga launched
bear market = buildooor season
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If you're here for NFT NYC and want to chat tokenized real estate
Our DMs are open 👀
gm ☕️
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🚨Another month, another rental distribution🚨
Owners of The Cardinal received rent for the month of August
💸 USDC was airdropped into their digital wallet
💰Over $5000 has been distributed so far
Thank you to
@SquadsProtocol
,
@circle
,
@solana
Like passive income anon?
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▬▬▬.◙.▬▬▬
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◥█████◤
══╩══╩═
╬═╬
╬═╬
╬═╬
╬═╬
╬═╬ Just dropped in to say GM
╬═╬
╬═╬
╬═╬🏘️ Let's make more people property owners
╬═╬/▌
╬═╬/ \
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▬▬▬.◙.▬▬▬
═▂▄▄▓▄▄▂
◢◤ █▀▀████▄▄▄▄◢◤
█▄ █ █▄ ███▀▀▀▀▀▀▀╬
◥█████◤
══╩══╩═
╬═╬
╬═╬
╬═╬
╬═╬
╬═╬ Just dropped in to say GM
╬═╬
╬═╬
╬═╬ 🏠 Hope you're ready to be a property owner 😏
╬═╬/▌
╬═╬/ \
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> be a distressed NYC renter
> see video call invite
> its your landlord
> join call
> you hear nothing but his mouse clicking
> he's playing world of warcraft
> you ask if he can help you out
> he says "i already have"
> he hangs up
> u check ure front door
> eviction notice
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So uh...thread dropping in 1 hour 👀
18 tweets long 😅
Long article to follow 📜
Hope you're ready 😎
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The year is 2025, you've just purchased your 3rd real estate NFT.
You're proud. You're building wealth and passive income.
You pull your son to the side, and say:
"Son, you see these real estate NFTs? One day they'll be yours."
🥲
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12/ cont.
@HGESOL
– thank you for bringing over folks from Eth and becoming a community leader
@MonkeDAO
– thank you for consistently bringing together builders and providing grants
@NomadsNFT_
– thank you for building strong utility (goodluck on your mint!)
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Millennials and Gen Z are likely to rent for the rest of their lives and never become homeowners.
Here's why, a 🧵👇
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Real estate investing has been a game played by many for generations as a reliable pathway to building generational wealth.
The basic premise is simple:
🏠 Buy a property
💸 Rent it out
♻️ Reinvest profits into another property
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When someone asks you: "What is Web3?"
DON'T start with words like “decentralization”, “blockchain” or “nodes”
They won't get it.
Start with this instead:
Web3 is enabling us to own things on the internet, similar to how we can own things in the physical world 🏠⛓️
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1/ Our nation has a housing crisis.
We're creating households faster than we’re building houses.
Let's explore wtf is going on in the US housing market.
A 🧵👇
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@jordihays
Can definitely say you one upped us
> be a distressed millennial renter
> see video call invite
> it's Adam Neumann
> join call
> you hear nothing but mouse clicks
> Adam's playing league of legends
> you ask if he can help you out
> he says "i already have"
> he hangs up
> u check ure front door
> eviction notice
0
1
22
0
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9/ At Homebase, we believe that the next wave of web3 adoption will come through real world assets on-chain.
If blockchain as a tech is to be taken seriously, we need to provide additional utility outside of token speculation.
No better chain than Solana to help us do it.
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Solana
#Breakpoint2023
was an absolute blast
Some of the smartest people we’ve ever met building 🔥 companies
@aeyakovenko
@rajgokal
have done a great job cultivating an awesome team and community of insane builders
⛓️🏠 anyone?
We’re so back
Till next year ✌🏼
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