Nirvana is a place of perfect peace and happiness. In Hinduism and Buddhism, nirvana is the highest state that someone can attain, a state of enlightenment, meaning a person’s individual desires and suffering go away.
This might seem like hyperbole, but let me explain why this pairing is so perfect.
Ravencoin is just code, run by many, which can create a transparent ledger for anything. When paired with a platform that can help with the logistics and legal challenges around tokenizing real estate, this solves a current and pressing problem.
The problem? Dollars are melting because of irresponsible monetary policy. Money is a measuring stick. If the measuring stick stays the same length, then dollars work well as a store of value. But, when that measuring stick is shrinking, it’s time to find a better store of value. Enter real estate.
Have you priced a house lately? Real estate is going up in value — fast. Maybe it is because demand sloshes around regionally. But, maybe the dollar measuring stick is getting shorter — globally.
Historically, real estate has been a great store of value, but it lacks an important quality of money — liquidity. Selling a house usually has at least a 6% friction for the seller with 3% going to the buying agent and 3% going to the selling agent, and that doesn’t count loan origination fees, title search fees, etc.
What if real estate was tokenized? If you can sell the tokens at a moment’s notice, that’s a real tangible benefit. It’s not great if you want to live in the house you’re buying, but it works great if you just want a non-melting asset to hold onto. It also works great if you want to dip your toe instead of jumping in with your entire net worth. Or, maybe you want to participate in real estate investing before you qualify for buying a single-family home.
Digishares tokenizes real estate on Ravencoin. Ravencoin, the open-source software keeps track of ownership and provides ledger transparency, and Digishares provides a platform and resources to help issuers stay compliant in any jurisdiction.
We are at the beginning of this transition and it will get better as the tokenization ecosystem grows. Anyone will be able to hold a diversified portfolio of tokens representing fractional ownership of real estate in different non-correlated jurisdictions.
Hydra Chain Technologies is tokenizing single-family houses.
And it's not just housing that benefits, Jubilee Royalty is tokenizing sub-surface assets like in-ground oil and minerals.
As more trading venues like tZero support Ravencoin assets, the path to enlightenment looks bright.
Who would’ve thought that reaching nirvana through meditation could be replaced by tokenization overnight?
P.S. I’ll add the Digishares webinar link when/if it is made public.