Propy Summit 2022

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Propy Crypto in Real Estate Summit

Over this past week; my co-worker, Bogan Stitzel and I went as guests to the propy-hosted crypto in real estate summit held annually in Miami!

During this time, we met some awesome people and creative minds within the crypto and real estate space. We were unfortunately only able to attend for 1 of the 2 days but there were some tantalizing opportunities presented. As with every new idea, there are still a lot of kinks, bugs, and legal stuff to sort out but we hope to see a more fleshed out and operational version of digital assets and digitized real asset ownership. Further details below

Some Excitement and Issues with the Coming of Age for Crypto

During the summit, we were privvy to some interesting and exciting concepts in the blockchain and real estate markets. There remains one glaring issue surrounding all of this however; investment. Investments are always a tricky and sensitive subject for people and especially so for government. One of the appeals of crypto is that it allows users to interact regardless of the governements or societies around them. The drawback comes from offering unlicensed products or soliciting money from the public. In the US, for instance, one isn't allowed to publicly raise monies unless they go through an arduous disclosure and offering process unless the investors are foreigners or accredited. This falls into conflict with the goal of propy and propy adjacent products as well as many people's goals in the industry, namely, tying the digital asset space to a real asset for public investment. Once you tie the digital currencies to land and real assets, you run afoul of the authorities governing commodity and stock markets. Unless properly disclosed, filed, and operated. This runs directly in the face of the original appeal of crypto and poses a risk to send both industries into a tailspin. Hopefully someone much smarter than me can thread the needle here as we have personally helped and dealt with a similar case regarding debenture assets tied to real estate in Tampa Bay.