The Wolf Of All Streets You Can Use NFTs To Buy A House Today | Sanjay Raghavan, Head of Structured Securities At RoofStock
Oct 30, 2022
In this engaging discussion, Sanjay Raghavan, Head of Structured Securities at RoofStock, unveils how NFTs are transforming real estate purchases. He explains the revolutionary potential of Web3 technologies, allowing transactions to be completed in mere seconds. Sanjay highlights the advantages of disintermediation, cutting out middlemen, and simplifying lending processes with NFTs as collateral. He emphasizes how tokenization can enhance property ownership security, paving the way for a more efficient and transparent real estate market.
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Roofstock's Origin
- Before Roofstock, buying out-of-state investment properties was difficult due to lack of local market knowledge.
- Roofstock simplified this by connecting investors with local realtors and property managers.
Web3 Disruption in Real Estate
- Roofstock is leveraging Web3 to streamline real estate transactions, cutting down closing times and costs.
- They achieve this by tokenizing property ownership via NFTs, eliminating intermediaries like agents and title companies.
NFT and Property Ownership
- Buying the NFT instantly transfers property ownership, legally and automatically.
- This is achieved by placing the property title in a Wyoming LLC, and tokenizing the LLC membership interest.