In my home we have a tradition of playing Monopoly after each holiday dinner. My super-competative little sister, Roxy, started this tradition, I'm guessing because her internal capitalist loves to see me suffer, greatly.
The object of the game is simple; become the wealthiest player through buying, renting and selling property. But remember the old adage 'life is what happens when you're busy making other plans'? What if I go to jail? What if all of my properties need roof repairs? What if I land on Roxy's property? She owns both Boardwalk and Park Place?!!! Oh well, bankruptcy court here I come...again.
While Monopoly, the game, may never go out of style, monopolies just might. Thanks to Satoshi Nakamoto and his new-fangled networks called blockchains the real estate market is about to change in ways we could not have imagined even five years ago.
Thanks to what is now called 'tokenization' of assets and securities, accredited investors are able to purchase factional ownership stake in commercial properties. This ownership stake will come in the form of a digital token, stored on an immutable ledger called a blockchain, making the process of purchasing real estate fast, paperless, and making title insurance a thing of the past. Companies like Reinno, Propellr, and Fluidity are mastering the process.
Hmm...maybe I can buy 4% of Park Place?