Destate refers to Decentralized Estate

Defi is well-known by now as the hottest web3 innovation with impact to traditional financial system. Real Estate, with its financial attribute, is ignored by Web3 innovators. I would like to introduce a web3 innovation in real estate aspect: Destate, as refers to Decentralized Estate.

Traditional Real Estate is rigid and lack of liquidty. Massive effort would be taken to conduct a transaction like purchase or rent. Any transaction is costly, let alone the time you put in. Destate is trying to bring fresh air with web3 paradigm.

Destate have 3 key attributes:

1 Transparent: On-chain Certification

2 Low-friction: On-chain Transaction

3 Self-soverign: On-chain Management

First, ownship of a real estate is proved by a certification. On-chain certification is the fundamental attribute enable any on-chain act. Transaction history and utility can be easily accessed by everyone. Real Estate can be transparent with all the transaction and ownership can be easliy accessed. Second, tranaction can be conducted on-chain saving massive time and cost as well as bring great liquidty. With low friction, new Web3 innovation can happen, like live-to-earn,a decentralized AirBnb or Real Estate affiliated metaverse. Last, management should be operated on-chain and give owners simple way of estate management. Therefore, estate can be self-soverigned and give all the right back to the owners. Traditional residential committee would be instead of by DAO.

With these key attributes, Destate can perform great utility in Web3. Simple paradigm like live-to-earn or decentralized AirBnb would be popular. However, I would introduce some different utilities.

First, I would introduction Destate NFT. ERC-721 is a great on-chain protocol for certification and have been used in Artwork Certification. Simplest way to conduct on-chain certification is to mint the estate as a NFT.

I’ve seen some project do so but none of them get the point: Finacialization. If you just list your room on opensea, I believe there won’t be any response. People wouldn’t buy a Real Estate on opensea as you cannot give any benefit than web2 transaction. People buy NFT for investment and the first thing to make Destate NFT work is to finacialized it and make it become a investment rather than a living place. For example, you can fractionlized your estate then list them seperated,which means individuals are able to create a personal REITs.

Another way is to bring Web3 Experience to Destate NFT. As lots of NFT project is trying to build a “metaverse”, aiming to give a online multi-player interactive environment. Therefore, every Destate can be seen as a nano metaverse space. A innovative move is to create a affiliated metaverse for Destate. For example, create a digital twin and invite people in. Therefore, your destate is no longer a investment rather than a new Web3 experience.

Destate refers to Decentralized Estate

Defi is well-known by now as the hottest web3 innovation with impact to traditional financial system. Real Estate, with its financial attribute, is ignored by Web3 innovators. I would like to introduce a web3 innovation in real estate aspect: Destate, as refers to Decentralized Estate.

Traditional Real Estate is rigid and lack of liquidty. Massive effort would be taken to conduct a transaction like purchase or rent. Any transaction is costly, let alone the time you put in. Destate is trying to bring fresh air with web3 paradigm.

Destate have 3 key attributes:

1 Transparent: On-chain Certification

2 Low-friction: On-chain Transaction

3 Self-soverign: On-chain Management

First, ownship of a real estate is proved by a certification. On-chain certification is the fundamental attribute enable any on-chain act. Transaction history and utility can be easily accessed by everyone. Real Estate can be transparent with all the transaction and ownership can be easliy accessed. Second, tranaction can be conducted on-chain saving massive time and cost as well as bring great liquidty. With low friction, new Web3 innovation can happen, like live-to-earn,a decentralized AirBnb or Real Estate affiliated metaverse. Last, management should be operated on-chain and give owners simple way of estate management. Therefore, estate can be self-soverigned and give all the right back to the owners. Traditional residential committee would be instead of by DAO.

With these key attributes, Destate can perform great utility in Web3. Simple paradigm like live-to-earn or decentralized AirBnb would be popular. However, I would introduce some different utilities.

First, I would introduction Destate NFT. ERC-721 is a great on-chain protocol for certification and have been used in Artwork Certification. Simplest way to conduct on-chain certification is to mint the estate as a NFT.

I’ve seen some project do so but none of them get the point: Finacialization. If you just list your room on opensea, I believe there won’t be any response. People wouldn’t buy a Real Estate on opensea as you cannot give any benefit than web2 transaction. People buy NFT for investment and the first thing to make Destate NFT work is to finacialized it and make it become a investment rather than a living place. For example, you can fractionlized your estate then list them seperated,which means individuals are able to create a personal REITs.

Another way is to bring Web3 Experience to Destate NFT. As lots of NFT project is trying to build a “metaverse”, aiming to give a online multi-player interactive environment. Therefore, every Destate can be seen as a nano metaverse space. A innovative move is to create a affiliated metaverse for Destate. For example, create a digital twin and invite people in. Therefore, your destate is no longer a investment rather than a new Web3 experience.