
Seth Priebatsch (Groma) on On-Chain Real-Estate (EP.466)
On The Brink with Castle Island
Exploring Blockchains for Value Store Assets and Real Estate-backed Cryptocurrency
The speaker discusses the diversification of assets on blockchains, from Bitcoin and ETH to tokenization of gold, emphasizing the importance of choices for individuals. They believe in the wealth-enhancing potential of various asset-backed cryptocurrencies like a crypto dollar or gold on-chain. The speaker views ETH as a compute-based currency and introduces Groma as a land-based currency. They highlight the wealthier society resulting from multiple asset choices. Transitioning to real estate, the speaker explains the reasoning behind focusing on multifamily residential real estate for a currency backing. They stress the importance of pragmatic idealism, incremental steps, and the need for real estate expertise. The speaker outlines the meticulous three-phase approach, starting from building a robust real estate business, acquiring assets efficiently with technology, and transitioning them into NFTs on the blockchain to enhance traditional REIT functionality.