“Luxury” is an overused term in the world of real estate. If you call everything luxury, then ultimately nothing is luxury, right? But let’s ignore this particular debate for right now. I was recently in a meeting where our interior design team — Mason Studio… Read More
All posts tagged “web3”
The Germania Bank Building at 190 Bowery
I recently mentioned that it would be nice to be able to buy a five-storey building in Soho (New York) for $70,000. Yes, that was in 1968 dollars. But even in today’s dollars, we’re talking less than $600,000. I would gladly buy a cast-iron five-storey… Read More
Happiness vs. satisfaction
I have heard from some of you that you don’t like it when I write about crypto and NFTs. This personal blog is supposed to be largely about city building after all. So today I thought I would write about crypto and NFTs. More specifically,… Read More
Tokenized real estate and public databases
One of the ways that you can turn a traditional real estate company into more of a web3 company is talk about how you’re going to tokenize the ownership of real assets. But what does that even mean and how would it work? Here is… Read More
Who cares if there’s an NFT bubble?
The Financial Times recently reported on “the great NFT sell-off” here in this article. Daily trading volumes on OpenSea, which is the largest NFT marketplace, are down 80% ($50M) from their high in February ($248M). Bored Ape Yacht Club, which is the most expensive NFT… Read More
Hanging out in the metaverse
I’ve only hung out in Decentraland a few times. One of the times was to check out a Deadmau5 concert, which was cool, though not quite the same as a live show. But I have no doubt that all of this is a big deal… Read More
Buying condos with crypto
If you happen to have made boatloads of money in crypto (which sadly isn’t me), one sensible thing you could do is put some of that money into luxury residential real estate. You know, to diversify your portfolio. According to this recent WSJ article, it… Read More
Protection against risk of expropriation
Property rights, whether for real world things or for digital things, are the foundation of developed economies. Because if you don’t feel like your property is going to be safe and secure, why would you bother investing and trying to accumulate assets? Above is a… Read More
Ownership and participation — what cities share with Web3
Here’s a cogent argument by Dror Poleg about how urban economics can be used to explain the evolution of Web3, and also why it’s all a bit of a ponzi scheme, but that when it works, it works. His argument revolves around ownership and participation.… Read More
Is crypto just snake oil?
As I understand it, databases are pretty important to technology companies. Here is an excerpt from a recent post by Albert Wenger talking about why he and his company (Union Square Ventures) believe that web3/crypto is going to unlock new value for our society: As… Read More