06 Nov The Latest Market News, COP 26 & Web 3
The Latest Market News, COP 26 & Web 3
The latest market news, COP 26 & web 3 as you obviously can tell, looks at many diverse topics happening at the moment. There’s just so much happening in the world right now that every 24 hours ushers in a bombardment of news and change is happening at an unprecedented, accelerated breakneck pace.
Right now COP 26 is taking place over several days in Glascow Scotland. The wonderful thing about this is that you can watch it streamed live for free.
Together for our Planet – the UK’s year of climate action. We cannot afford to wait to act against the threat of climate change. We must work together toA protect our planet and people and ensure a greener, more resilient future for us all. The UK will host the UN Climate Change Conference COP26 with […]
All sessions in our main editorial program, The Forum and our Educate on Climate program are available on The New York Times Climate Hub website.
The summit takes place until November 12th so there are plenty of days left to tune in and listen. Now on other fronts such as our latest Montreal real estate market stats. Here’s the data for October 2021 for the Island of Montreal. Data via Centris.
The long and short of it, the numbers tell us that inventory levels are quite low across the board on the Island of Montreal. Demand is much higher than supply. Particularly when it comes to houses. Although the condo market is tight, prices are more accessible then homes. Below a certain budget threshold, it’s practically impossible to purchase a home in Greater Montreal.
Web 3 & Real Estate
Web 3 and real estate is an entire topic on its own and I promise to devote a blog post just to this in the near future. For now I’ll simply touch on this very important.
“The Spatial Web and Web 3.0What business leaders should know about the next era of computing
As futuristic as it sounds, early-stage applications of the Spatial Web or Web 3.0 are already here. Now is the time for leaders to understand what this next era of computing entails, how it could transform businesses, and how it can create new value as it unfolds. Emerging definitions: Web 3.0 and the Spatial Web”). It is the next evolution in computing and information technology (IT), on the same trajectory that began with Web 1.0 and our current Web 2.0. We are now seeing the Spatial Web (Web 3.0) unfold, which will eventually eliminate the boundary between digital content and physical objects that we know today. We call it “spatial” because digital information will exist in space, integrated and inseparable from the physical world.”
According to Peter Diamandis:
“…the world around us is about to light up with layer upon layer of rich, fun, meaningful, engaging, and dynamic data. Data you can see and interact with. This magical future ahead is called the Spatial Web and will transform every aspect of our lives, from retail and advertising, to work and education, to entertainment and social interaction.”
To learn about some interesting use cases involving real estate and Web 3 have a listen to the podcast. Joel Lin is founding member of Citadao, a decentralized real estate platform creating an ecosystem of new DeFi primitives.
How Blockchain Technology is Changing Real Estate to learn about some examples of the tokenization of real estate.
Residential real estate is on the precipice of change. Residential real estate accounts for two-thirds of the $217 trillion spent in real estate around the world each year. An increasing volume of this activity involves cross-border transactions. As technology develops, new segments of wealth are emerging, which drives globalization.
Blockchain technology is not new, but figuring out the best use cases and applications to improve the real estate experience between all parties and/or create more accessibility to the real estate market in general, is a work in progress. Proptech is another term for solutions leveraging innovation in technology in the property and real estate space, to bring beneficial improvements to consumers and the industry. Web 3, blockchain and proptech, deserve a blog post of it’s own, so stay tuned for that.