Theopetra Labs

This article is for information purposes only, this is not investment advice. As a member of the Theopetra board, and as a future investor in the protocol I absolutely have a financial interest in regards to the success of this project. I am not a real estate professional, nor a financial advisor.

I first heard about Theopetra quite some time ago, at that time the project was just starting out, the board was being assembled. It was the first Web 3 real estate project that I had ever heard of, so my interest was piqued. In order to get involved one had to attend a call with Anon (Mel Anic), the founder of the project. So I did, and to be honest the call blew my mind. What was being proposed was a radical solution to the problem of skyrocketing housing cost, and I was interested. That is how I became one of the early members of the Theo board.

As the project grew the Discord became a place flush with people who understood real estate, and business at a level that far surpassed my own. As I watched the initial team begin to take shape I continued to be impressed with the talent being assembled under this digital roof. More important than that, as I got to know these folks better, I also found myself impressed with their drive and integrity. Mel leads by example, he works hard, and demands that people ask him the hard questions. As such this has led to several changes in the process, but the goal has remained the same: making home ownership more attainable.

If you read this blog, you know that I believe in crypto as a way to empower the individual, to provide opportunities that hadn't existed before, and ultimately change the world into a better place. Theopetra Labs has tasked itself with the mission to create fewer renters and more owners (this is a metaphor for Bitcoin/Stacks/Web 3 if you think about it). Theopetra intends to accomplish this by providing tenants with a low down payment, relaxed lending standards, and lower prices. Will it ultimately work? I don't know, but I do know that its a worthwhile cause and a bet worth taking as far as I am concerned. If we are going to leverage crypto to make the world a better place, there are going to be uncharted paths that have to be traveled.

The White Paper

The Theopetra White Paper is a long, detailed, document, and it should be read by every potential investor. This is a project with many moving parts, and that is why I would also advise bringing questions into the Discord and to Twitter. The team is also quite helpful in this regard:

BowTiedJabberwocky

Ram

Bernard

Kyle Beerbower

BowTiedNaga

Adam Brochetti

BowTiedTeach

Topshelfmg

mashpotatoes.btc

BowTiedShrike

glasscloud

BowTiedAztec

The THEO token and the REAT token, found on Ethereum and Stacks respectively, will work in tandem to accomplish the lofty goal of more affordable home ownership. The White Paper goes into great detail in terms of the tokenomics, and I would encourage you to go check it out. The most interesting part of all of this, at least to me, is the idea that we will see tokens backed up by real world assets. The global real estate market is estimated to be valued at 3.6 Trillion USD, so this crossover where a token derives its value from hard assets is quite interesting to me. I am here for this.

T-Homes

The T-Home is a starter home that will be made available from already existing "alternative housing" inventory -think apartments, hotels, etc. T-homes will be easier to qualify for in terms of lending as well as the down payment. Some buyers will qualify with as low as 2% down. In addition to transforming renters into buyers, some T-homes will be utilized in a Air BNB on Web 3 style program. To me this is yet another very interesting piece of the puzzle, as I am always captivated by projects that take Web 3 out of the realm of discussion and into the real world. There are additional benefits for THEO holders, too numerous for the scope of this piece. Again, checking out the Whitepaper is highly recommended.

Why I am bullish on Theopetra Labs

There are over 40 million renters in the US alone. Everyone knows that home ownership is more difficult than ever, and that building equity into a home is a proven method of upward mobility. Providing opportunity for others is not only a worthwhile endeavor, but it is central to the ethos of Bitcoin/Stacks/Web 3. The Theopetra Labs team is led by and consist of highly accomplished, ethical, giga brains. I do not know what hurdles will be placed in their way, but I trust these men with the navigation of this process. The Whitelist closes on August 31, 2022, and the sale commences on September 2, 2022. The time to dig into this project is now. Utilize the resources available to make an informed decision.

To me Theopetra Labs represents yet another evolution of crypto/Web 3, as we see this project bringing this new technology into one of the oldest businesses. The cause is just, and the opportunity is immense. For this reason I am a Theon, and I am here for this.

As always thanks for reading. A like, follow, and retweet goes far. On your way out a follow on Sigle would be greatly appreciated. I don't have anything else to say. Until next time, Jack.

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