Today’s guests are Geoffrey Thompson, Roofstock’s Chief Blockchain Officer, and Sanjay Raghavan, Head of Web3 Initiatives at Roofstock. Roofstock is an online marketplace for investing in leased single-family rental homes in a transparent and low-friction way. The company provides its clients with research, analytics, and insights to evaluate and purchase independently certified properties at set prices. Roofstock onChain is building an Ethereum-based web3 platform to simplify how single-family residential properties are bought and sold radically. Geoff has nearly 15 years of experience in corporate and finance law; Geoff advises Roofstock on partnerships, product innovation, fundraising, deal structuring, real estate matters, securities law, international expansion, and all other legal and compliance matters. Sanjay currently works as Head of web3 Initiatives at Roofstock. He was a part of Wharton School's Cypher Blockchain Accelerator Genesis Block cohort. We discuss various topics, including Roofstock, Real Estate Investing, tokenizing Real Estate, navigating regulation, the future of Real Estate, and much more. We began our discussion by focusing on the regulatory hurdles crypto companies need to overcome and why having legal counsel is very important to help navigate the legal and regulatory landscape. We discuss the backstory of Roofstock and why it went down the crypto and web3 rabbit hole. Our next conversation topic focused on how Rootstock creates a permissioned system on top of a permissionless infrastructure to comply with the regulation. We discuss how new users are onboarded to their Web3 real-estate platform using soul-bound NFTs. We discuss Roofstock’s mission to democratize access to real estate investing by removing the preexisting sources of prejudices that inhibit people from investing in real estate. We discuss how Roofstock ensures everything is legally compliant, from KYC’ing the buyers and sellers to providing the property accurately represented. We discuss the platform’s various features that users can use to screen and filter to find the homes they would like to invest in. We discuss Roofstock’s commitment to transparency and equal access to information. A fascinating topic we discussed was the second-order consequences of putting Real-Estate onChain, like what happens to title insurance and property insurance. Our conversation discusses the impact of increased liquidity on the Real-Estate Market. We discuss how home loans can be reimagined onChain and the positive consequences this can bring to society. We discuss the unique properties of the tokens that allow for more consumer protection than standard crypto tokens. We discuss the possibilities of collaboration and partnership opportunities that being a web3 native brings. Our final discussion topic centered around how Roofstock is committed to staying true to the Web3 principles and why they believe so strongly in the web3 ethos.
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