In this episode, we explore the fascinating realm of tokenized real estate with Amr Adawi, the CEO of Metawealth. Amr sheds light on the current state of the crypto market, the concept behind Metawell, and the future of tokenization in real estate. 🏠🌐
Timestamps ⏰
Key Takeaways 🗝️
🔗 Connect with Amr Adawi:
🔗 Connect with Metawell:
Connect with Halving Report 🎧
In this episode, we explore the fascinating realm of tokenized real estate with Amr Adawi, the CEO of Metawealth. Amr sheds light on the current state of the crypto market, the concept behind Metawell, and the future of tokenization in real estate. 🏠🌐
Timestamps ⏰
Key Takeaways 🗝️
🔗 Connect with Amr Adawi:
🔗 Connect with Metawell:
Connect with Halving Report 🎧
What's up everybody? Welcome back to episode 98 of the having report podcast. I am your host, brad Vines. The price of Bitcoin is about $27,000. And there's only about 29 weeks and six days left until the next Bitcoin having. People are asking me what's going on with Bitcoin, what's the price doing and why is it doing it? The shorter answer is we're in a bear market and we still got a ways to go. But a lot of people in the space right now are saying it's a great time to accumulate more Bitcoin, ethereum and cryptocurrencies. But there's also a lot of speculation around the coming of a Bitcoin ETF. The approval of a Bitcoin ETF, coupled with the having, could be the recipe for a pretty good bull run going into 2024 and beyond.
Speaker 1:Today, we welcome Amar to the show. Amar is the co-creator and CEO of Metawell. Metawell's aim is to democratize real estate investment through the purchase of tokens that represent fractions of real estate. Investing in their platform could potentially give returns that are similar to getting monthly rent from a tenant. I think this is a very cool concept and hope you join this conversation right to the end of the show. So, without further ado, everybody, welcome Amar to the show. Amar, welcome to the have fun report podcast. Thanks for doing it this afternoon for you, this morning for me. How are you doing today?
Speaker 2:Pretty good. Thanks for having me Really excited to talk about Metawell's and its organization here on the have fun report Awesome.
Speaker 1:Yeah, and before we dive deep into that, have you always been in the crypto space? Before you created Metawell, were you a Bitcoin guy, ethereum guy? What's your history with crypto?
Speaker 2:Actually a little bit. I wouldn't consider myself a world three guy at the beginning Like always dabbled in Bitcoin, a little bit in Litecoin back then, ethereum as well, when it was like pretty much a hundred dollar, yeah. So that was like since, I would say, 2014 to 2015,. But really haven't gone into until, like Metawell Before this I was about. I've done a lot of fintech in the past. I'm pretty sure you know well simple, you know the Canadian store up. So, yeah, I used to work over there for almost two years and, yeah, lots of actual fintech experience.
Speaker 1:Yeah, I'm actually a user of well simple as well. That's where I have my TFSAs and investing accounts there. They're quite cheaper than your traditional stock trading accounts.
Speaker 2:What I like about them is that they actually pretty simple. You know there's not a lot of actual people work involved. You can pretty much just set up an account and you can actually just start trading within, like you know, few steps, which is a normal for Canadians.
Speaker 1:Yeah, for sure. I remember the process is pretty quick. You know it didn't have to go into a bank like traditionally I had when I was using a TD or Scotiah, so that's a pretty cool platform. Not that I haven't been logged into making too many moves lately, kind of just sitting back. But yeah, that's cool. So you're. So you're a developer. Then what is the? The Chan? Is it the Chan Foundation?
Speaker 2:Chan Zuckerberg initiative. It's actually a funny story. First of all, like I actually been startups my whole life After, like even before I graduated from university, always wanted to actually gain to startups. I had offers from Google, from Facebook, from Amazon, but I decided to go for a startup called Metta. Metta then got bought by the Chan Zuckerberg initiative, which actually was Mark Zuckerberg and his wife, Priscilla. The whole thing was to help researchers advanced research, but then, later on, like they dismantled Metta and then Facebook became Metta. So, yeah, it was my first, I would say, like, startup after university and within two years, like I was in the Silicon Valley, I met Mark, I met Priscilla, I met great, amazing people from Facebook as well, and it taught me a lot. Like a lot of them are actually still my friends right now. I keep in touch with them. Yeah, it was a great, an unusual experience.
Speaker 1:Well, that's very interesting. You met Mark Like that's pretty huge man, Like when did that happen and what was that like?
Speaker 2:It wasn't back in like 2017. It was his, actually a cool guy. The whole team kind of moved from Toronto to Silicon Valley to meet the rest of the Chan Zuckerberg initiative employees. So we were like they do us kind of like moving to Silicon Valley over there and he gave us speech, a little speech over there, just introduce himself, talk a little bit about the vision. He's a very reachable person. Everybody pretty much can talk with him, like at the Chan Zuckerberg initiative. Yeah, it was pretty good.
Speaker 1:Now, mark's a Bitcoin guy too, isn't he? Doesn't he have a goat named Bitcoin?
Speaker 2:I'm actually not sure he's big on Metta verse, though, but I haven't seen him talk much on Bitcoin.
Speaker 1:You know Bitcoin's. What are we sitting at? 27,000 right now, you know, up 2% in a week, something like that and Ethereum is just under 1,700 up five and a half percent in the past week. What would you say someone on the outside? You know what's happening with Bitcoin and crypto right now.
Speaker 2:It depends where you live. I would say. The thing is that the USA kind of still struggling with the regulations. The SEC actually still have some issues there. That's why we see like Coinbase actually want to take a step forward with the SEC.
Speaker 2:But, in general, bitcoin and Ethereum just unlock a whole new surface for us. Ethereum specifically right now, with, you know, with the DABS out there utilizing the, the ETH out there, the layer of twos that's being built on top of Ethereum, there's going to be just more into that and it's just unlocking the whole space for us. So I do think like Ethereum is going to actually keep going up in the future. It's going to be specifically for, like any financial institution apps out there, and same with Bitcoin. You know there's still. It's going to be like, I would say, mainly like as a reserve to other currencies. I see that like happening more and more. But there's a lot of innovations. You know there's just so much going out there and I can't wait to see what's well, you know, in the next five to 10 years, what we can do with Bitcoin and Ethereum Absolutely, and you know, add AI into the mix and with all that too, and you know, we might get some exponential changes in the coming years.
Speaker 1:It's pretty crazy, the technological times we're in, man, my belief is the present is always the best time to be alive. In regards to that, you know you talked about innovation. Let's jump to your innovation. Can you explain to us what is meta wealth?
Speaker 2:It's pretty simple we actually tokenize real estate, then we fractionalize and then we sell each token for like 100 USDC. It's as simple as that. Then we pretty much like a fully managed. We provide like a fully managed process to people. So we take care of all the little things here and there the hassle, the legal paperwork, the asset management, renting the asset itself, finding you know people to maintain as well all of that and people just invest in as if they invest in stocks. So in like five minutes right now, if you just go to our app, you can pretty much invest in a apartment in Spain or a apartment in Bucharest right there, from where you at you know. So we're making it like a global for anybody to actually comment, just like see the beautiful assets out there and invest in those.
Speaker 1:Now, what countries is meta wealth operational in? Because I feel like there's got to be a lot of red tape when you're dealing with international real estate assets.
Speaker 2:Mainly it's the one the red tape is pretty much like in North America. Europe is actually, I would say, is moving faster with regulations. So we're operating right now in 31 countries, europe mainly, and just few countries in, in spain, in Asia right now. So the ones in basically are the EU, uk and then Switzerland, and then just we have a few clients coming from actually outside of Europe, into from Asia as well.
Speaker 1:So you guys are quite widespread already. And when did when did the formulation of the company begin?
Speaker 2:We, started all of this as an idea pretty much last year and then you know we were just talking about like you know, how can we? So we started actually fractionalize the NFT. And the whole thing was like this you know, okay, nfts were a big thing back then and everybody was like you know, you have to want an FT, nft is the biggest thing. You go to podcasts, they talk about NFT, they talk about art, they talk about how they, how that would would help the creators of the NFTs, all of that. But when we looked at it, we did, we thought we saw like pretty much 90% of the NFTs out there did not have like any value. And we said to ourselves, like there's, there should be a way to protect users, to protect the you know, the normal guys that don't know much about NFTs from you know being scammed from actually investing in things that doesn't have any value. So this is how it started was like can we actually, you know, bring the like someone want to own a board a, you know, but they pretty much don't have like actually, let's say, 76 ETH out there. Can we just show them actually share out there like a fraction of this board A? So it all started there.
Speaker 2:And then Michael, my co-founder, was like he's actually a real state developer, he's been in real estate for over 20 years and he's, you know, it was like 9pm at that time and we're just like having, you know, conversation on vision of MetaWolf and where are we going to go from there? And I was like, guys, you know, would it be possible to fractionalize real-estate? And we looked at it like you know what, yeah, we can do that let's. Let's actually talk about the benefits of that let's. This is actually much better than just fractionalizing, you know, board aves and others, other NFTs. So it all started kind of like this, where we decided to actually take on our first real-estate project To to fractionalize and so, like you know, fractions of it to people. So, you know, start with NFT and then move to real-estate. And since then I would say we we fractionalized seven, eights apartments and done three million of sales in USDC just in the past six months. As a matter of fact, we actually just closed a Project that's 17 apartments this Friday. So, yeah, it's really exciting.
Speaker 1:Congratulations to you and your team on on your recent success. You know that's very innovative and I think that is much needed in today's world where you know people can't afford a full you know full piece of real estate and they need some exposure to that. And you know, as we know, like most people build their wealth through real estate. Right, isn't there like a crazy stat like 90% of millionaires have made their, have made their money through real estate?
Speaker 2:There's so much stats out there, like even 68% of wealth right now it's pretty much stored in real estate and it's just inaccessible to people.
Speaker 2:I mean, even if you look at, you know you're from Toronto, right like if you look at the the the market in North America, right there, you know it's just scary. You pretty much have to work right now like 35 to 40 years of your life to afford a house. You know all of these are actually big problems for people and what we're trying to do is actually provide them with a way where you know they can invest at their own pace. You know they don't need to put like 30% down, they can just put like a hundred every month from, for example, you know, 500 or a thousand, whatever they can actually afford at that time and and take it from there and, you know, based on that, they use that money to actually later on get some passive income. I use that to to advance their financial freedom plan and and you know, maybe buy a house that they can live in Without having to work for it and so on. So that's kind of like the full vision of what we offer here.
Speaker 1:So where does tokenization come in? Because a lot of people might say you know why the need for a token Is. Are you guys securing Users assets with the token or like? How does it come in play? And why the need to utilize blockchain.
Speaker 2:There's few things I would say. The number one is that the blockchain itself, and it offers a lot of benefits, even if, like I would say like, even if you're not doing tokenization, you should be looking at the blockchain. You know Governments should be looking at the blockchain right now to store their data. You know that says it's the most secure ledger in the world. Once it's actually on the system, it's really hard to manipulate. You know there's there's many like thousands of nodes out there is and many validators Actually you have to to actually get access to in order to manipulate data. So, from a safety perspective, it's the best one out there right Now.
Speaker 2:Number two is ownership. You know real estate is all about ownership. It's all about what you own out there. If I tell you right now that you know I'm a fund manager and you actually own this house over there, all you have to do is just believe my word. In this case, right Like there's, I can give you paperwork, I can give you, like, some legal documents, but new yourself or not, true owner of what you of the real estate you know, you just actually own in that because Of the fund that you know we have for you that acts on behalf of you, kind of like that. Right, but with tokenization, with the blockchain, what we're able to do is allow you, as the user, to own part of this. You know, representation of real estate on a blockchain which is much closer To what you can own In the real world, kind of. You know, you can see, like the, the, the blockchain ledger as a way where you can register those, those real estate buildings, those packages out there, and then you know, the user and themselves they just can own those tokens, that reference to this Big package on on a blockchain. They can trade those. You know, they can exit them anytime they want. So all of this is actually something that you would not have gone if you're not using blockchain or tokenization. So we truly believe, like here's here's another example if you're, if you're actually invested in a REIT you know Everybody's talking about REITs right there right, if you talk, if you invested in a REITs, what you're actually doing in this case is that you you know you're getting back like a statement as to what your investment is, but you don't know what you invested in, because there's also no traceability, there's no transparency as to what you invested in. All of these things you know are actually available because of the organization.
Speaker 2:I want to even add like more to it, which is something that Not many people has discussed. You know we've been pretty much talking about, like everybody I've seen not everybody, but most people I've seen they actually tokenize. They, through tokenizing, they only think of, kind of the mirroring part. You know how can you mirror like what's in the real world with what's in the digital world, but here, but what they what?
Speaker 2:What is still missing is like what we see with talking tokenization right now. It's kind of like a little engine that we just like innovated, you know, like, imagine, like it back in I don't know the, the, the fifties, you know when, when Chorus were invented. You know it's like, oh, you know, here's the little engine you can just pull like few wheels on and it just runs. And you know, people still haven't actually imagined what's the full potential of it. And tokenization is kind of like this right now. You know it's like, oh, you know what we actually just mirrored, like what's what's in that digital, what's in a real world with what's in the digital world.
Speaker 2:But once you own that token, once you own that representation of that token, there's a whole potential out there that we still actually Unlocking right now. Like one of the things that excites me the most about it is that you will be able to to have a stable coin backed by Real-world assets. That thing on its own is pretty big that you can actually just even Steak those tokens you know and and gave back in return like benefits from support and like a stable coin. These things are still like new and, you know, innovative. We still like one year, you know, in this kind of journey with tokenization, with staking, with, with all of that. But without tokenization, without blockchain, we would have been like a boring system that Does not like give people the most of the benefits, and we are in the business of building true value for our users so, traditionally, when you know you hold your own private keys for a coin, you lose your private keys.
Speaker 1:You lose your coins. If I have a token Representing a piece of real estate from your platform and I somehow lose that is it. Is that possible? Is that recovery through? You guys like, how could I lose a piece of like a tangible asset through losing my private key?
Speaker 2:Yeah, so what we have is actually a trustee. So we have, you know, our smart contracts and all of this. At the end of the day, yes, you own, you know, you are the owner, you're responsible for everything, but at the same time, you know that we have our recoverability actually a mechanism in this case. But I have to tell you a little bit more about like or setup over here. You know, like, one of the things that we have is that an entity that's a legal, a third party legal firm. You know, like, the reason why we have this, because, just because you know, we tell you, for example, you know this, I don't know, let's say, nft is representing like a real estate building there.
Speaker 2:Like you know, it doesn't mean that we have Doesn't, doesn't mean, it's true, I could be lying to you, right there, right, so what we have is actually a trustee which is a third party legal firm. This trustee will act on behalf of the token holders. This trustee's job is mainly to take instructions from the smart contract, from you know, on behalf of the token holders, and then act upon these in the real world. In the real world, basically, and Through this trustee, someone can claim, for example, you know ownership Because they lost their wallet or whatever, or whatever they have to fill out form. They have to, you know, you know, verify their identity in all of that, make sure that the transactions are traceable to them and, based on that, yes, we can recover those tokens. But it's not like you know, and something that we ourselves, like I, might well do. But we have the. We provide this mechanism just to make sure that ownership itself is not lost right.
Speaker 1:So then you guys would like has this happened before? Like or what would you do? Issue a new token or a new NFT here?
Speaker 2:The idea is that you actually burn the token and you just issue a new token, so that's not like wouldn't be able to do this. Like you know, only the trustee would be able to do this now because you guys Work internationally.
Speaker 1:Where's your legal team?
Speaker 2:then that would handle that yeah it's, it's all like it depends where the asset is. We, we try to make it simple so you know, if the asset is, say, in Spain, then the, the legal firm that you know is acting on behalf of the user, will be in Spain. For now, the legal firm that we working with is we have an office in Spain, an office in Bucharest, romania.
Speaker 1:So tokenization of real estate. You know you guys are, you know, pushing forth, you guys are acquiring more assets and you know you're building your user base. You know where do you guys see yourselves in, say, five years? Or do you what's? Do you have an ultimate game plan or timeline?
Speaker 2:Yeah, we have actually a lot of plans. You know what we see. We don't see ourselves as tokenization platform. We see ourselves as a Wealth generation platform. You know, we're in a business of actually helping people build wealth for generations, not just for, you know, one month, not for two months, not for a year, but continuously building that value for them and continue to build that wealth year over year for them. So any it's all the new features that we're pushing, all the Licenses that we're getting, all the Employees that we're hiring right now it's all because we want to become that platform that democratize wealth generation for everyone. So we started with tokenization of real estate, but later on we could be adding, like many, many features to help people With, you know, having passive income with investing in secondary markets and alternative assets and all of that very cool.
Speaker 1:Is there any other aspects of crypto that you're super deep in? You know, aside from from your own company, that you have going on.
Speaker 2:Yeah, actually many, I would say I'm some. I love the a few of the NFT projects out there. There's a good projects, projects out there is actually called art fight, that I like. There is also some like those learn or acts to earn type of movements. I follow these quite quite a lot right now.
Speaker 2:But I'm more excited actually about the infrastructure side of it. You know there's, you know, like we started like with coin and in ethereum movements with. You know how can you, how can we mine, how can I actually build this? You know this trillion dollar industry and now we're seeing like more applications to it. You know more infrastructure, more KYC that can be moved, you know, from one place to another. What really excited me the most right now is having own chain KYC because it truly gets us to that mass adoption that we're all looking for.
Speaker 2:Here's one of the examples that always resonates with me.
Speaker 2:We all talk about how and what three you'll be able to take your wallet and move from one application to another.
Speaker 2:But right now this is not true because with every application you go to, you have to do KYC with them and you have to pretty much just start from scratch, which is not the Web3 way of actually moving.
Speaker 2:I'm really excited actually about own chain KYC because with this, zero knowledge proves and you'll be able just to take your identity with you, having done KYC only once, depending on what you're actually trying to do. You just move across applications this way so you could be, like, for example, like at another financial app over there, and then you come to us and you can say you know, I want to buy real estate at MetaWolf and we look at your identity, your wallet and your identity and say, okay, you know what. This guy has done KYC before. So these are like some of the exciting things that I would say like not directly related to MetaWolf, but I feel like the more we see them, the more we see like people actually adopting those. It will just make the space much better and it will also improve like mass adoption for everyone as well in this space.
Speaker 1:I would love to see KYC on chain flourish. However, I'm a little skeptical of, you know, North American governments. You know I feel like they're still going to require third parties to collect that information in some central way for them to feedback, Because I feel like just recognizing that they've done KYC before on chain won't be enough to comply with regulatory compliance. What are your thoughts on that?
Speaker 2:North American general needs a lot of things that he needs to step up. He needs to actually move away from the old way of thinking and actually just gain to the benefits that this would actually get us to be. So I feel like I would like them to actually be. Like I want to say it's hard to tell, you know it's hard to tell, like, which direction they would go to. If you see, like Coinbase CEO coming out and you know, attacking pretty much the SEC, you know how bad it is. You know in Coinbase is not a small player, right, it's one of the biggest players out there. So I know like they're actually trying to as much as possible to centralize everything, to actually keep to say that we have to protect the USA, for by being central, I think you can actually still get everything you need, all the information you need, and all of that by being the central. So I do not think like that claim is true.
Speaker 2:If you ask me, I hope like things change in the USA.
Speaker 2:I hope you know we see like more, like more people open kind of the regulatory, the SEC, more open to the advancements that talk that you know blockchain brings to the table.
Speaker 2:The USA market by far is the biggest one is the one that's always the you consider as the early adopters out there, right. So it's like the more like we don't support, the more we actually just push away kind of from the advancement of technology and like kind of the US, you know, like how I see is that the USA technology is dependent on actually the people from the United States and also the United States dependent on the technology. It's kind of like this cycle that in order to have like a mass adoption, you actually need to be in a USA first and if you also in the USA, you actually always innovating kind of. You know as well, the SEC need to do something to keep that happening as well. So that's my thoughts. I hope they change and I know like nobody kind of thinking they would. But I think in the next three, five years we will see like a major break breakthrough with the SEC.
Speaker 1:What are your thoughts around? Like we're on the halving report, I got to ask you, you know, what are your thoughts around the Bitcoin having. Do you think it's still going to have an impact on the overall market?
Speaker 2:In one way, like it's pretty good, it will add like more liquidity. You know there's actually a lot that you can do there. But at the same time, you know people trade with almost fractions of Bitcoin. So immediate impact I don't think it would happen, but maybe like later on, when institutions kind of come when they want to liquidate, when they want to actually buy more of something, you know, because these guys like bring masses right, so maybe then we would have this. The beauty of Bitcoin is not a hole. You know. It's actually fractions of fractions of fractions kind of, which is like you can't compare it kind of to stocks or to, you know, company shares that you kind of have over there. So there's benefits to. I'm just saying like in the short term I don't think it will be, you know, immediate impact on it.
Speaker 1:Yeah, I find like usually around the actual having it's, you know, by the rumors sell the news, but then you know later on, you know six to 10 months later. Usually we'll see. Usually we, historically, we've seen the price go up, so we'll see. We'll see what happens next year after the having. I want to throw a couple of fun blitz questions at you. Coffee or tea Depends on the day.
Speaker 2:Mostly coffee.
Speaker 1:What was the last book that you read and loved?
Speaker 2:Oh, there's a book by Seth Gaudin. This is marketing.
Speaker 1:Okay, yeah, we'll check it out. Yes, any hobbies you indulge in when you're not democratizing real estate investments?
Speaker 2:Watching soccer. I'm a big soccer fan actually.
Speaker 1:Yeah, okay, you have a favorite team, barcelona? Yeah, all right.
Speaker 2:Way to, you know, move all the stress, all those like I can't wait to see the next game and just actually, you know, not think about anything but just like enjoy the game.
Speaker 1:Yeah you know. As we wrap up here, I'm gonna ask you, you know how our listeners can stay updated with meta, meta, wealth and yourself. Where can we follow you and learn more?
Speaker 2:before actually I get to this, I just want to mention that until recently, until actually last month, we've been pretty much focused on what two people. Just last month, we moved on to web three and we actually bring in a lot of web three initiatives, a lot of Features, new campaigns are running. So we're building our community. We're building a web three community which is a great Place for everyone who is watching right now to join us. So our discord is available for people to come. Our Twitter space Is well at where accounts or a tour account as well. Meta wealth app is available. Is. Is is some place where you can check us out. If you also in the EU, you can download the app at meta world applink and we're really excited. You know it's again like we're very small community. Would love to hear is from everybody out there how we can actually help, how we can move forward, what are the things they looking for? So, yeah, please come to those areas and would love to see everybody.
Speaker 1:I'll definitely, you know, provide those links in the show notes. You know we'll make some content here and then spread it out. Share it out and educate people about what you guys are doing. I think it's pretty cool. You got some interesting experiences behind you there. No, that make you a unique person to be a co-creator and of the company. I'm gonna thank you for doing the having a port man, yeah thanks for coming on, man.
Speaker 2:Here's a question for you. I wonder, what do you think of the, you know, tokenization in general? I?
Speaker 1:think it's interesting. I see I've seen a lot of companies, projects come and go since I've gotten to the space in 2017. I'm very a Fiscally conservative cryptocurrency investor, so that means I'm investing into the blue chips. I don't dive into other, many other tokens these days, but I'm always open ears, listening about them, learning about them, trying to see kind of trying to keep my ear close to the ground and what's happening and what's developing in this space.
Speaker 1:I would love to see as many things as possible become democratized. So so, what you're doing, so I'm a big fan of it. I love that you guys are building the infrastructure to do that and, you know, as a real estate investor myself oh, luckily, I was able to get in at a time where, you know, it was still manageable to get property here in Canada. You know, coming into 2023, I think there's gonna be, you know, maybe a lot more young people looking for these types of opportunities. So I think it's really great that you guys are building that infrastructure. You know, I wish you guys all the all the best. All be following along and hopefully we can catch up down the road and kind of See where we're at.
Speaker 2:Oh, thank you. Yeah, I didn't know you were actually a real estate investor. I mean it's good that you actually got in there before before you know real estate Before sir, for the boom kind of happened, yeah, yeah.
Speaker 1:Yeah, I kind of got lucky there with, you know, just getting a condo. I kind of I kind of figured out real quick this is before I even got into, really dived into Bitcoin. I thought real estate was your number one go-to and then, after I found out about Bitcoin you know digital gold and and the potential there and the social ramifications and everything that goes along with that Decentralization and ethos behind it I saw a big opportunity there and philosophically Wanted to invest there as well. So I haven't bought in any more real estate since. I kind of got into this space. But yeah, I was interested in investing pretty, pretty early in my in my 20s.
Speaker 2:So I kind of Wish more people were lucky. You know what's the exciting, the exciting moment that everybody talks about, which is like to me, like this is what kind of keeps me moving forward, is that when people receive the rent, rental money in their wallet, that day is like paid day for everybody, like on our platform, and and they just come there is like, oh my god, you know, I gotta invest more. You know why I'm only getting a hundred. Okay, you know what? Next, next month, I'm gonna actually for more some I'm getting like 150.
Speaker 1:Oh yes, is that so? Is that something that's within your platform? Then you, you invest and then they get rented out and you can kind of see that feedback in your wallet. Is that a goal down the road, or?
Speaker 2:you actually do so. You, actually, we have actually a financial freedom plan.
Speaker 2:You can say like what I am in 15 years. I'd like to actually be able to have to get like $500, you know and passive income every month and then through that we create the plan for you, customize it, personalize it and every month you put that money will tell you how far you from your goal and then, yeah, we take it this way. But the exciting thing is that every month, literally every like to me, like you know when I really enjoy the app is that every month, like you know, let's say, well, our next one is actually October 10th. We were we're actually sending rent, we said we're distributing rent, actually October 10th. I always look forward to that day when you know that money actually hits our token holders Wallets, because this is the one is, like they do, most excited about, is like kind of waiting for.
Speaker 2:It's like kind of, you know, waiting for your paycheck and it hits your wallet and you get like this amazing experience. You know you got your your $100 from rent right there and you and I've seen like so many people say to telling me, you know, this is like the moment where I'm really always looking forward to. This is the Moment of the month I always look for and I always tell myself, I should have put more money in there.
Speaker 1:Yeah, it's like. It's sort of like getting interest back on your, on your tokens. You know what you're doing what. What currency do you guys pay out in us DC? That's awesome and I feel like we should have. We should have talked about that earlier in the episode. Is there any other amazing features?
Speaker 2:Okay, here's another one that we're gonna launch to and we haven't launched it. It says goes to what I was telling you about, you know, like how we actually get into the web 3 space and all of that. We're going to have a learn to earn a type of A feature, and the reason why is because our people, like what we notice right now is, you know, most people, including myself, like you know, we have, like many other things in our lives that we actually don't get the best financial literature out there to make financial decisions. And you know, like I said, we hear trying to help people out. You know we're trying to help them generate the passive income, we're trying to help them build wealth, all of that. So we want them to learn more. So what we're trying to, what we're going to push later on, is a learn to, to earn a kind of Product where you will take, like actually financial, not courses, but modules, like very small snippets, where we can actually just learn or grasp those concepts to help you, like make better decisions. So this is like something that I would say we're pushing very hard right now.
Speaker 2:Another one is that we will try we there is loyalty points which are kind of like earth drops. So for everybody who is actually right now, who just we know we're still pretty young, right, so I can't again like we're building our community so anyone who actually start with us right now, we recognize there, you know there, the fact that they actually start with us early. We recognize that they are early movers over there. When I reward these guys so they have like actually lots of earth drops that will later on they can use to redeem some New features in the app, get like lower fees, maybe later on actually by a real estate. You know we're still like actually designing the whole roadmap for this, but this is really exciting for me too. Oh, we're gonna have later on some actually vr, uh vr stuff in the app as well, so people would be able to actually walk into the Apartments that they they want to buy and see how they look like and to take it from there as well.
Speaker 1:Yeah, very cool. You see that on uh, you know most real estate websites. Now they got that virtual tour, so you know.
Speaker 1:I think you guys are Stepping in the in the right direction. I can see it. I can see it in your face, the passion, uh, in your eyes, the excitement. You know, those monthly payments, I think it's, it's, I think it's pretty awesome, man. You know, I'm gonna check it out. Learn a little bit more. Follow, like I said, follow along. Yeah, man, maybe just let us know your socials and, uh, we'll wrap it up. Man, thanks for doing this.
Speaker 2:Thank you so much. Thanks for having me. I'm really excited to be here. So yeah, we'll talk later.
Speaker 1:Hey you thanks for listening to the having report podcast. If you want to support, follow us on your favorite podcast platform and leave us a five star rating. Follow us on our socials at having report. If you're gaining and you want to buy Bitcoin or cryptocurrency for the first time, go to bit by dot ca Forward slash having for a $20 bonus if you want to bring it to the next level and take self custody of your cryptocurrencies. If you want $30 off the ultimate digital asset security device, bit five, go to having report dot com forward slash bit five for more information. Until next time, I'm Brad minds.