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Cryptocurrency is used to purchase everything from valuable works of art to cheap cups of coffee. Despite its massive rise in popularity, however, many commercial real estate professionals appear to be taking a wait-and-see attitude on blockchain technology — the digital ledger system that records crypto transactions that some believe could bring greater ease and transparency to commercial real estate.
They may not want to wait too long, however, because some observers predict crypto could soon be used in as many as 50% of real estate transactions.
Whether it becomes commonplace for contracts to be recorded on the blockchain as nonfungible tokens, or people begin snapping up virtual buildings in the metaverse, some CRE professionals see an immediate and growing opportunity in leasing brick-and-mortar spaces to cryptocurrency firms.
One of these pioneers is Moishe Mana, president of development company Mana Common, who made headlines when he began to target blockchain companies as tenants for some of his brick-and-mortar office properties in Miami.
Mana will be the keynote speaker at Bisnow’s live event, “Crypto and Proptech in Miami,” on March 17. To learn more about and register for the event, click here.
Other speakers will discuss CRE’s adoption of blockchain technology on the panel “Financing of the Future.” They are scheduled to include:
— Moderator Dave Roque, senior vice president at USI Insurance Services.
— Avi Dabir, vice president of FTX.
— Jason Bennick, president of The Digital Innovation Group.
— Jeffrey Berman, partner at Camber Creek.
— Venesulia Carr, CEO of The Vicar Group.
— Merrick Theobald, vice president of BitPay Inc.
Proptech and transportation development will be among the topics discussed on the panel “Future Advances in South Florida CRE.” Joining the discussion will be:
— Carlos Rosso, founder of Rosso Development.
— Javier Correoso, head of public policy and communications at Uber.
— Patrick Goddard, president of Brightline Trains.
— Mario Varon, CEO and founder of Imaginex.
The event will be held at the InterContinental Miami. Bisnow is committed to practicing safe protocols at its events.
To learn more about and register for “Crypto and Proptech in Miami,” click here.
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