For centuries, investors have pooled their money to create investment funds for art and real estate. You know what comes next.
Amid our non-fungible frenzy, very online investors are creating NFT funds, including the new real estate arm of crowdfunding platform Republic. The Republic Realm fund, launching on an invite-only basis this week with a $25k minimum investment, will buy plots in virtual worlds.
- “Real-world real estate is very uncertain now,” Republic Head of Real Estate Janine Yorio told Bloomberg.
The ensuing takes, we assume, split among two predictable lines
Bearish: Current NFT activity is mere speculation, and this space is still the Wild West. If and when a marketplace goes under, link rot will set in and NFTs traded on that exchange could completely break. Read this viral Twitter thread on how that could technically unfold.
Bullish: Online worlds like Decentraland, where you can order Domino's pizza or (soon) gamble at an Atari crypto casino, have metaverse potential. Since they’re in the early days, these digital economies’ currencies, avatars, and items are trading at a discount.
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