News and Announcements
Property #2 Secured and NFT Contract Complete
- Published January 18, 2022 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
MyBricks Finance, who opened their investment round on Friday 21st January, have successfully secured their second property. MyBricks Finance uses new technology such as the blockchain, smart contracts and NFT’s to remove the barriers to entry into property investing, increase efficiencies and make it accessible to everyone.
The first property, in Cornwall UK, was purchased and renovated last year by members of the MyBricks community and is now being listed on Airbnb.
The second property that was secured on the 31st December 2021 will be added to the Cornwall portfolio when the technology platform goes live in July this year. To allow the MyBricks users to have contractual ownership through an NFT the team have partnered with Pails as their legal partners. Pails have completed the legal contract that will be used on the platform to represent the ownership that MyBricks users have in each portfolio.
MyBricks will launch the MyBricks wallet in February to support the 5,000+ users in the community that have purchased the BRICKS token to allow them to invest into the portfolios.
The team is now looking for external capital to scale up the speed at which properties are purchased to become the leading brand in fractional ownership of the property asset class.
About The Company
MyBricks is making property investment accessible to everyone. We will break down the barriers and increase efficiencies in the current system allowing MyBricks users to contractually own a fractional amount of property and benefit from the appreciation of the underlying asset plus receive monthly distributions of the yield created through rentals. This is only now possible as a result of new technologies such as the blockchain and NFT’s.
At scale we compete with large short term rental marketplaces as our inventory of properties is part owned by the user base. Creating an unfair advantage against the incumbents.
The underlying technology will be licensed to other verticals as every industry looks to use the blockchain to increase efficiencies.
Company Updates
The Index Approach in Early-Stage Venture Capital: Reconsidered
The venture capital (VC) landscape is marked by its dynamism and complexity, especially in early-stage investing. The traditional approach in VC, characterised by a selective and intensive vetting process, often contrasts with the concept of ‘index investing.’ This article revisits the indexing approach in early-stage VC, incorporating insights from recent studies and data, including a […]
The Future Is Now: The Evolution of Dealflow with Wholesale Investor
If you’ve ever thought of investing or expanding your portfolio, there’s no better time than the present. In the fast-paced world of investment, things are changing at a breathtaking speed, and it’s crucial to stay ahead of the game. The Future of Deal Flow is Today Dealflow, the lifeblood of the investment world, is not […]
Investability of a Startup: A Comprehensive Guide for Angels and High-Net Worth Investors
Venturing into the Startup Scene Let’s dive into the intriguing world of startups. It’s a thrilling ride, isn’t it? Like finding a pearl in an ocean, spotting a promising startup amidst a sea of businesses is no easy task. This guide aims to light the way, focusing on the “The Investability of a Startup: 7 […]
Backed By Leading Investment Groups and Family Offices
