Hey everyone!
I’m trying to get some initial feedback on a new project I’m working on. The concept is simple, revolutionise the way real estate development projects in the UK are funded.
By harnessing blockchain protocols we allow our web3 community to fund the development of real-world assets all through our self-serve platform; moving away from reliance on traditional institutions, we give the power of lucrative development financing to the people.
I know this is a very brief and simple description so if you’d like me to share more details alongside our website and whitepaper feel free to drop a comment below.
I would really appreciate it ⚡
Thank you in advance for your time 🙂
Sounds too good to be true. The smart contracts for thar might be your simplest problem, because the problem with the real world is that it is heavily regulated and you will be classified as some kind of financial institution.
Real estate developers might not engage in business with some DAO not linked to some actual company.
Can you pay the lawyers to create the legal structure? Do you have the financial backing for that, outside of a potential ICO later?
Are you based in Europe? You could look into Liechtenstein Blockchain act maybe they support your model and you can found your company there:
https://www.lcx.com/wp-content/uploads/2020_Liechtenstein_Blockcchain_Laws_Translation_English.pdf
How to safely operate something like this in the U.S is beyond my knowledge.