• Ep.487: Tokenizing Real Estate: Navigating Investments and Innovations with Vez Meas

  • Aug 31 2023
  • Duración: 13 m
  • Podcast

Ep.487: Tokenizing Real Estate: Navigating Investments and Innovations with Vez Meas  Por  arte de portada

Ep.487: Tokenizing Real Estate: Navigating Investments and Innovations with Vez Meas

  • Resumen

  • Sean: I just want to ask, is there anything you'd like to promote here? Vez: Well, you were talking about real estate and we're talking about entering real estate. So one of the things I've been working on right now is actually the tokenization of real estate. By tokenizing, basically taking one of our buildings, not the whole thing, just 34 units right now. And this building is in Cambodia. A 111 unit condominium building right in the center of the capital city. So by putting this on the blockchain, now I'm enabling people that want to get into real estate, the accessibility, meaning they don't have to come up with millions of dollars to come into it. So, you know, like my minimum offering right now is $10,000. So for that $10,000, you get to own a piece of this property and it's all done through the blockchain. Sean: Wow. And when you say they own a piece of it, what's the difference between doing it via blockchain and not doing it via blockchain? Just so that some of our listeners who are not familiar with the Metaverse would be able to understand. Vez: So if you think of your traditional real estate, you know, I say I have 34 units and you want to own a part of it, I can't sell you just a piece of those units. You have to buy the units individually. And by putting a blockchain, I take those units collectively and cut them into shares. So you own a piece of it. It's kind of like the stock market where people buy stocks and Tesla, Microsoft, Google or whatnot, you're owning shares of it. So this is the same idea, whereas putting on a blockchain meaning, which is digitizing it but is backed by a real asset, a real world asset. So your valuation is there, all the revenues are there. It can be touch, seen, or feel. So is your traditional real estate, except it's embracing technology where people can get in a lot easier than your normal. Sean: The blockchain is a whole different ball game and people are just not yet that educated into it. And it's not that widely embraced because there is a learning curve. There is that learning curve. But the accessibility, the technology itself is very, very good. I'm very happy to hear that it's being used this way. That's a very good project. For example, for you, the owner of the property, why do you want to do this instead of just, for example, because you've been operating it since 2014 instead of just getting the rent revenue for yourself, why do you want to open it to investors so that they're going to be sharing with the rent revenue? Vez: Well, two things. One is the building is running, so there's a track record. If people are investing, they want to know, "Hey, how much yield will I get? You know, what is the occupancy rate?" And instead of you trying to pitch a new project saying it might be 80% occupied, we might be able to rent it for X amount of dollars, we might be able to sell it. So instead of guessing and estimating what it can be, now we have something like, "Hey, I have historical records from 2014 till now of what the operation has been, who my clientele are, and the occupancy level." So I think that would bring some comfort to any investor. And two, I just want to see this technology being used. So it's easier to do 34 units, $10 million raise versus 44 stories and $50 million raise. You know, once you prove that it works and I think that's when people will get on board. So that's why we decided to just do 34 units and see how it goes. - - - YouTube: https://www.youtube.com/leadershipstack Website: https://leadershipstack.com Facebook: https://www.facebook.com/leadershipstack Leadership Stack Merch: https://leadershipstack.com/shop/ - - - Vez Meas Website: https://www.nakitokens.com/ Instagram: https://www.instagram.com/vezmeas/?hl=bn Email: vezmeas@nakigroup.com LinkedIn: https://kh.linkedin.com/in/vezmeas
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