General Discovery

About the event

Project: CitaDAO
Guests: Joel Lin. UBS Investment Bank, CBRE, CapitaLand.
Topic: Creating the DeFi real estate ecosystem. (We are not just tokenizing real estate. We are building the Ethereum of Real Estate.)
NOT FINANCIAL ADVICE

About our guest speaker

Joel Lin, Contributor at CitaDAO. Joel is pronounced (Johl) - One Syllable. (Twitter: @0xRealFi) (Discord: Joel | Citadao 🏰 Never DM You) ****Tachyon#7849
Write a short bio about the guest(s) including their role at the project they are speaking about.
- Joel’s real estate journey began in 2008, working with the largest real estate developer and consultancy in the world (CBRE) helping institutions invest in real estate globally.
- Joel’s crypto journey began back in 2017, where tokenization was all the hype, and everyone was launching a tokenized project. Joel received many proposals to tokenize the real estate in his institutional portfolio but didn’t know exactly how to represent the rights to the underlying real estate at the time. Nonetheless, he was very excited about the potential for tokenizing real estate.
- Joel was able to capitalize on his crypto journey by discovering how to redeem the real estate token for the underlying real estate in the same way that you can redeem the US dollar with USDC. Joel and his team tweaked some of the structures that the private equity professionals use in the traditional world, and were able to connect the dots and link the real world space with the blockchain metaverse.
- What are some notable achievements that increase their web3 reputation?
- The CitaDAO team developed a solution to enable crypto investors to diversify their portfolio of crypto assets into real world real estate assets without ever having to go off chain.
- Incentivizes landlords to independently mint their properties as NFTs.

About the project

General Position: Permissionless, decentralized investing platform to instantly unlock liquidity in home equity. What is the general positioning of the project? i.e. DeFi, NFTs, DAOs, governance.
What is the value proposition of the project? How does it clearly differentiate itself from others in the web3 space?
How does it benefit it community members and general web3 communities at large?
- Real estate prices have gone up globally, especially in Asia, and that sort of locked out the millennials from the real estate market. For the majority of the younger generation, it’s a matter of luck. Either you're born into a family that can afford to own a home or you have to rent for the rest of your life. CitaDAO’s mission is to change that and make the real estate market accessible for everyone through the power of web3 and DeFi.
Is it bridging blockchains, protocols, tools, communities, etc.?
Does it bring a unique vision or approach to solve challenges in web3?
How does it improve the web3 ecosystem?
Generally, how does the product work?
- Provide basic information about the product
- Details of product stemming off high level overview
- Outline a few mid to high-level topics about the product
- Results of the product so far
Practical applications of product.
- Detail current functionality of project, where it is deployed, TVL.
- Current and potential use cases.
- Outline steps for a beginner to get started.
- Token economy.
- Any recent, meaningful updates to the project.