0:00

What's up everybody ? Welcome back to episode 98

0:02

of the having report podcast . I am your host

0:04

, brad Vines . The price of Bitcoin is about $27,000

0:07

. And there's only about 29

0:09

weeks and six days left until the next

0:12

Bitcoin having . People are asking me

0:14

what's going on with Bitcoin , what's the price doing

0:16

and why is it doing it ? The shorter answer is we're

0:18

in a bear market and we still got a ways to go

0:20

. But a lot of people in the space right now are saying

0:22

it's a great time to accumulate more Bitcoin

0:24

, ethereum and cryptocurrencies . But

0:26

there's also a lot of speculation around the coming

0:29

of a Bitcoin ETF . The approval

0:31

of a Bitcoin ETF , coupled with the having

0:33

, could be the recipe for a pretty good bull

0:35

run going into 2024 and

0:37

beyond . Today , we welcome Amar to the

0:39

show . Amar is the co-creator

0:42

and CEO of Metawell

0:44

. Metawell's aim is to democratize

0:47

real estate investment through the purchase

0:49

of tokens that represent fractions

0:52

of real estate . Investing in their platform

0:54

could potentially give returns that

0:56

are similar to getting monthly rent

0:58

from a tenant . I think this is a

1:00

very cool concept and hope you join

1:03

this conversation right to the end of the show . So , without

1:05

further ado , everybody , welcome Amar

1:07

to the show . Amar , welcome to the have

1:09

fun report podcast . Thanks for doing it this

1:11

afternoon for you , this morning for me . How are

1:13

you doing today ?

1:14

Pretty good . Thanks for having me Really

1:16

excited to talk about Metawell's

1:19

and its organization here on the

1:21

have fun report Awesome .

1:22

Yeah , and before we dive deep into that , have

1:25

you always been in the crypto space ? Before

1:27

you created Metawell

1:29

, were you a Bitcoin guy , ethereum

1:31

guy ? What's your history with crypto ?

1:33

Actually a little bit . I wouldn't consider myself

1:35

a world three guy at the beginning Like

1:39

always dabbled in Bitcoin

1:42

, a little bit in Litecoin back

1:44

then , ethereum as

1:46

well , when it was like pretty much

1:48

a hundred dollar , yeah

1:52

. So that was like since , I would say , 2014

1:54

to 2015, . But really haven't

1:56

gone into until , like Metawell Before

1:59

this I was about . I've done a lot

2:01

of fintech in the

2:03

past . I'm pretty sure you know

2:05

well simple , you know the Canadian store

2:07

up . So

2:10

, yeah , I used to work over

2:12

there for almost two years

2:14

and

2:17

, yeah , lots of actual fintech experience

2:19

.

2:19

Yeah , I'm actually a user of well

2:22

simple as well . That's where I have

2:24

my TFSAs and investing accounts

2:26

there . They're quite cheaper than your

2:29

traditional stock trading accounts

2:31

.

2:31

What I like about them is that they actually pretty simple

2:34

. You know there's not a lot of actual people work

2:36

involved . You can pretty much just set

2:38

up an account and you can actually just start

2:40

trading within , like you know , few

2:43

steps , which is a

2:45

normal for Canadians .

2:47

Yeah , for sure . I remember the process is pretty

2:49

quick . You know it didn't have to go into a bank like traditionally

2:51

I had when I was using a TD

2:54

or Scotiah , so that's a pretty cool

2:56

platform . Not that I haven't been logged into

2:58

making too many moves lately , kind of just sitting

3:00

back . But yeah , that's cool . So

3:02

you're . So you're a developer . Then what is

3:04

the ? The Chan ? Is it the Chan Foundation

3:07

?

3:07

Chan Zuckerberg initiative . It's

3:09

actually a funny story . First of all , like

3:11

I actually been startups my whole life After

3:15

, like even before I graduated from

3:17

university , always wanted to actually

3:19

gain to startups . I

3:22

had offers from Google , from Facebook

3:24

, from Amazon , but I decided to

3:26

go for a startup called Metta . Metta

3:29

then got bought by the Chan Zuckerberg initiative

3:32

, which actually was Mark

3:34

Zuckerberg and his wife , Priscilla . The whole

3:36

thing was to help researchers

3:38

advanced research , but then

3:41

, later on , like they dismantled Metta

3:43

and then Facebook became Metta . So

3:45

, yeah , it was my first , I would say , like

3:47

, startup after university and

3:50

within two years , like I was in the Silicon Valley

3:52

, I met Mark

3:54

, I met Priscilla , I met great

3:56

, amazing people from Facebook

3:58

as well , and it taught me a lot

4:00

. Like a lot of them are actually still my friends right

4:02

now . I keep in touch with them . Yeah

4:05

, it was a great , an unusual

4:07

experience .

4:09

Well , that's very interesting . You met Mark

4:11

Like that's

4:13

pretty huge man , Like when did that happen

4:16

and what was that like ?

4:17

It wasn't back in like 2017

4:20

. It was his , actually a cool

4:22

guy . The

4:25

whole team kind of moved from Toronto

4:27

to Silicon Valley to

4:29

meet the rest of the Chan Zuckerberg initiative

4:31

employees . So

4:34

we were like they do us kind of like moving

4:36

to Silicon Valley over there

4:38

and he gave us speech , a little speech over there

4:40

, just introduce himself , talk

4:43

a little bit about the vision . He's a very reachable

4:45

person . Everybody pretty much can

4:47

talk with him , like at the Chan Zuckerberg initiative . Yeah

4:50

, it was pretty good .

4:51

Now , mark's a Bitcoin guy too , isn't he ? Doesn't he have

4:53

a goat named Bitcoin ?

4:54

I'm actually not sure he's big on Metta verse

4:56

, though , but I haven't seen him talk much on Bitcoin

4:59

.

4:59

You know Bitcoin's . What are we sitting at ? 27,000

5:02

right now , you know , up 2%

5:04

in a week , something like that and Ethereum

5:07

is just under 1,700

5:09

up five and a half percent in the past

5:11

week . What would you say someone

5:13

on the outside ? You know what's happening with Bitcoin

5:15

and crypto right now .

5:17

It depends where you live . I would say . The

5:19

thing is that the USA kind

5:21

of still struggling with the regulations

5:24

. The SEC actually still have some

5:27

issues there . That's why we see like Coinbase

5:29

actually want to

5:31

take a step forward

5:33

with the SEC . But , in general

5:36

, bitcoin and Ethereum

5:38

just unlock a whole new surface for

5:40

us . Ethereum specifically right now , with

5:42

, you know , with the DABS out there utilizing

5:45

the , the ETH out there , the

5:47

layer of twos that's being built on top of

5:49

Ethereum , there's going to be just more

5:52

into that and it's just unlocking the whole

5:54

space for us . So I do think like

5:56

Ethereum is going to actually keep going up

5:58

in the future . It's going to be

6:00

specifically for , like any financial

6:02

institution apps out there , and same with

6:05

Bitcoin . You know there's still . It's

6:07

going to be like , I would say , mainly like as

6:09

a reserve to other currencies . I

6:11

see that like happening more and more . But

6:13

there's a lot of innovations . You

6:16

know there's just so much going out there and

6:19

I can't wait to see what's well , you know , in

6:21

the next five to 10 years , what we can do with

6:23

Bitcoin and Ethereum Absolutely , and

6:25

you know , add AI into the mix and with all

6:27

that too , and you know , we might get some exponential

6:30

changes in the coming years .

6:31

It's pretty crazy , the technological

6:33

times we're in , man , my belief is the present

6:36

is always the best time to be alive

6:38

. In regards to that , you know you

6:40

talked about innovation . Let's jump

6:42

to your innovation . Can you explain

6:44

to us what is meta wealth ?

6:46

It's pretty simple we actually tokenize

6:48

real estate , then we fractionalize

6:50

and then we sell each token for like 100

6:52

USDC . It's as simple as

6:54

that . Then we pretty much like a fully managed

6:57

. We provide like a fully managed process

6:59

to people . So we take care of all

7:01

the little things here and there the

7:03

hassle , the legal paperwork

7:05

, the asset management , renting

7:08

the asset itself , finding

7:11

you know people to maintain

7:13

as well all of that and people just

7:15

invest in as

7:18

if they invest in stocks . So

7:20

in like five minutes right now , if

7:22

you just go to our app , you can pretty much invest

7:24

in a apartment in Spain or a apartment

7:27

in Bucharest right there , from where you at you

7:29

know . So we're making it like

7:31

a global for anybody to actually

7:33

comment , just like see the beautiful assets

7:36

out there and invest in those .

7:38

Now , what countries is meta wealth operational

7:40

in ? Because I feel like there's got to be a lot of red

7:43

tape when you're dealing with international

7:45

real estate assets .

7:46

Mainly it's the one the red

7:48

tape is pretty much like in North America . Europe

7:51

is actually , I would

7:53

say , is moving faster with regulations

7:56

. So we're operating right now in 31

7:58

countries , europe mainly

8:00

, and just few countries

8:02

in , in spain , in Asia

8:04

right now . So the

8:07

ones in basically are the EU

8:09

, uk and then Switzerland

8:12

, and then just we have a few

8:14

clients coming from actually outside

8:17

of Europe

8:19

, into from Asia as well .

8:21

So you guys are quite widespread already . And

8:23

when did when did the formulation of the

8:25

company begin ?

8:26

We , started all of this as

8:28

an idea pretty much

8:31

last year and then

8:33

you know we were just talking about

8:35

like you know , how can we ? So we started

8:37

actually fractionalize the NFT . And

8:39

the whole thing was like this you know , okay

8:41

, nfts were a big thing

8:43

back then and everybody was like

8:45

you know , you have to want an FT , nft is the biggest

8:48

thing . You go to podcasts , they talk

8:50

about NFT , they talk about art , they talk

8:52

about how they , how that

8:54

would would help the creators

8:56

of the NFTs , all of that . But when we

8:58

looked at it , we did , we

9:00

thought we saw like pretty much 90%

9:03

of the NFTs out there did not have

9:05

like any value . And we said to ourselves , like there's

9:07

, there should be a way to protect

9:09

users , to protect the

9:12

you know , the normal guys that

9:15

don't know much about NFTs from

9:18

you know being scammed from

9:20

actually investing

9:23

in things that doesn't have any value . So this is

9:25

how it started was like can we actually , you

9:27

know , bring the like someone want

9:29

to own a board a , you know , but they

9:31

pretty much don't have like actually , let's

9:34

say , 76 ETH out there . Can we just show

9:37

them actually share out there like a

9:39

fraction of this board

9:42

A ? So it all started there . And then

9:44

Michael , my

9:46

co-founder , was like he's

9:48

actually a real state developer

9:50

, he's been in real estate for over 20 years

9:53

and he's , you

9:55

know , it was like 9pm at that time

9:57

and we're just like having , you know , conversation

10:00

on vision of MetaWolf

10:02

and where are we going to go from there ? And

10:04

I was like , guys , you

10:07

know , would it be possible to fractionalize

10:09

real-estate ? And we

10:11

looked at it like you know what , yeah

10:13

, we can do that let's . Let's actually talk

10:15

about the benefits of that let's . This is actually

10:18

much better than just fractionalizing

10:20

, you know , board aves and others

10:23

, other NFTs . So

10:25

it all started kind of like this , where we

10:27

decided to actually take on

10:29

our first real-estate project To

10:32

to fractionalize and so , like you

10:34

know , fractions of it to people . So

10:37

, you know , start with NFT and then move to real-estate

10:40

. And since then I would say

10:42

we we fractionalized

10:44

seven , eights apartments and

10:47

done three million of sales

10:49

in USDC just in the past six

10:52

months . As a matter of fact , we actually just

10:54

closed a Project

10:57

that's 17 apartments this

10:59

Friday . So , yeah

11:02

, it's really exciting .

11:03

Congratulations to you and your team on on your recent

11:06

success . You know that's very innovative

11:08

and I think that is much needed

11:10

in today's world where you know people

11:12

can't afford a full you know full

11:15

piece of real estate and they need some exposure

11:17

to that . And you know , as we know

11:19

, like most people build their wealth through

11:21

real estate . Right , isn't there like a

11:23

crazy stat like 90% of millionaires have

11:26

made their , have made their money through real

11:28

estate ?

11:28

There's so much stats out there , like even

11:30

68% of wealth right now it's

11:33

pretty much stored in real estate and

11:35

it's just inaccessible to people . I mean

11:37

, even if you look at , you know you're from Toronto

11:39

, right like if you look at the the

11:41

the market in North America , right there

11:43

, you know it's just scary . You pretty

11:45

much have to work right now like 35

11:48

to 40 years of your life to afford

11:50

a house . You know all

11:52

of these are actually big problems for people and

11:54

what we're trying to do is actually provide

11:56

them with a way where you

11:58

know they can invest at their own pace

12:01

. You know they don't need to put like 30%

12:03

down , they can just put like a hundred

12:05

every month from , for example , you know

12:07

, 500 or a thousand , whatever they can actually

12:10

afford at that time and and

12:12

take it from there and , you know , based on that

12:14

, they use that money to actually

12:17

later on get some passive income

12:19

. I use that to to

12:21

advance their financial

12:23

freedom plan and and you know , maybe

12:26

buy a house that they can

12:28

live in Without having to

12:30

work for it and so on . So

12:33

that's kind of like the full vision of what

12:35

we offer here .

12:36

So where does tokenization come

12:38

in ? Because a lot of people might say

12:40

you know why the need for a token

12:42

Is . Are you guys securing

12:45

Users assets

12:47

with the token or like ? How

12:49

does it come in play ? And why the need to

12:51

utilize blockchain .

12:52

There's few things I would say . The number

12:54

one is that the

12:56

blockchain itself , and it offers a lot

12:58

of benefits , even if , like I would say

13:01

like , even if you're not doing tokenization

13:03

, you should be looking at the blockchain . You know Governments

13:06

should be looking at the blockchain right now

13:08

to store their data . You

13:10

know that says it's the most secure

13:12

ledger in the world . Once it's actually on the

13:14

system , it's really hard to manipulate

13:17

. You know there's there's many

13:19

like thousands of nodes out there

13:21

is and many validators Actually

13:24

you have to to actually get

13:26

access to in order to manipulate data . So

13:28

, from a safety perspective , it's the best

13:31

one out there right Now . Number two

13:33

is ownership . You know real

13:35

estate is all about ownership

13:37

. It's all about what you own out there

13:39

. If I tell you right now that you know

13:41

I'm a fund manager and

13:43

you actually own this house over

13:46

there , all you have to do is just believe my

13:48

word . In this case , right Like there's , I

13:50

can give you paperwork , I can give you

13:52

, like , some legal documents , but

13:54

new yourself or not , true owner

13:57

of what you of the real estate

13:59

you know , you just actually own in that because

14:02

Of the fund that

14:04

you know we have for you that acts

14:06

on behalf of you , kind of like that . Right , but

14:08

with tokenization , with the blockchain

14:10

, what we're able to do is

14:13

allow you , as the

14:15

user , to own part

14:17

of this . You know , representation

14:21

of real estate on a blockchain which

14:23

is much closer To

14:25

what you can own In

14:27

the real world , kind of . You know , you can see

14:30

, like the , the , the blockchain ledger

14:32

as a way where you can register

14:35

those , those

14:37

real estate buildings , those

14:40

packages out there , and then

14:42

you know , the user and themselves

14:44

they just can own those tokens , that reference

14:47

to this Big package

14:49

on on a blockchain . They can

14:51

trade those . You know , they can exit

14:53

them anytime they want . So all

14:56

of this is actually something that you would not

14:58

have gone if you're not using blockchain

15:00

or tokenization . So

15:02

we truly believe , like here's here's

15:04

another example if you're , if you're actually invested

15:07

in a REIT you know Everybody's talking about

15:09

REITs right there right , if you talk

15:11

, if you invested in a REITs , what you're actually

15:13

doing in this case is that you

15:17

you know you're getting back like a statement

15:19

as to what your investment is , but you don't

15:21

know what you invested in , because there's

15:23

also no traceability , there's no transparency

15:26

as to what you invested in . All of these

15:28

things you know are actually available because

15:30

of the organization . I want to even add

15:32

like more to it , which is something that

15:35

Not many people has

15:37

discussed . You know we've been pretty

15:39

much talking about , like everybody

15:41

I've seen not everybody , but most

15:43

people I've seen they actually tokenize . They

15:45

, through tokenizing , they

15:48

only think of , kind

15:52

of the mirroring part . You know how can

15:54

you mirror like what's in the real

15:56

world with what's in the digital world , but

15:58

here , but what they what ? What is still

16:00

missing is like what we see with talking tokenization

16:03

right now . It's kind of like a little engine that we

16:05

just like innovated , you know , like

16:07

, imagine , like it back in I don't know the

16:09

, the , the fifties , you know when

16:11

, when Chorus were

16:13

invented . You know it's like , oh , you know , here's

16:15

the little engine you can just pull like few

16:17

wheels on and it just runs . And

16:19

you know , people still haven't actually

16:21

imagined what's the full potential

16:24

of it . And tokenization is kind of like this

16:26

right now . You know it's like , oh , you know what we

16:28

actually just mirrored , like what's what's

16:31

in that digital , what's in a real world

16:33

with what's in the digital world . But once

16:35

you own that token , once you own

16:37

that representation of that token , there's a

16:39

whole potential out there that

16:41

we still actually Unlocking right

16:44

now . Like one of the things that excites

16:46

me the most about it is that

16:48

you will be able to to have

16:50

a stable coin backed by Real-world

16:53

assets . That thing on its own is

16:55

pretty big that you can actually just even

16:57

Steak those tokens

16:59

you know and and gave back in return

17:01

like benefits from support and

17:03

like a stable coin . These

17:05

things are still like new and , you know

17:07

, innovative . We still like one year , you

17:10

know , in this kind of journey

17:12

with tokenization , with

17:14

staking , with , with all of that . But

17:16

without tokenization , without blockchain

17:19

, we would have been like a boring system that

17:22

Does not like give

17:24

people the most of the benefits , and we

17:27

are in the business of building

17:29

true value for our users so

17:31

, traditionally , when you

17:33

know you hold your own private keys for a coin

17:35

, you lose your private keys .

17:37

You lose your coins . If I have

17:39

a token Representing a piece of

17:41

real estate from your platform and I

17:44

somehow lose that is it . Is that possible

17:46

? Is that recovery through ? You guys like

17:48

, how could I lose a piece of like

17:51

a tangible asset through losing my private

17:53

key ?

17:53

Yeah , so what we have is actually

17:55

a trustee . So we

17:57

have , you know , our smart contracts and

17:59

all of this . At

18:02

the end of the day , yes , you own , you know , you

18:04

are the owner , you're responsible for everything

18:06

, but at the

18:08

same time , you know that we have our recoverability

18:11

actually a mechanism in this

18:13

case . But I have to tell

18:15

you a little bit more about like or setup

18:17

over here . You know , like , one

18:19

of the things that we have is that

18:22

an entity that's a legal

18:24

, a third party legal firm . You

18:27

know , like , the reason why we have this , because

18:29

, just because you know , we tell you , for example

18:31

, you know this , I don't know

18:33

, let's say , nft is representing

18:36

like a real estate building there . Like you know , it

18:38

doesn't mean that we have Doesn't

18:40

, doesn't mean , it's true , I could

18:42

be lying to you , right there , right , so

18:44

what we have is actually a trustee

18:46

which is a third party legal

18:49

firm . This

18:51

trustee will act on behalf of the token

18:53

holders . This trustee's job

18:55

is mainly to

18:58

take instructions from the smart contract

19:00

, from you know , on behalf

19:02

of the token holders

19:04

, and then act upon

19:06

these in the real world . In the real

19:09

world , basically , and Through

19:11

this trustee , someone can

19:13

claim , for example , you know

19:16

ownership Because they

19:18

lost their wallet or whatever , or whatever

19:20

they have to fill out form

19:22

. They have to , you know , you know , verify

19:25

their identity in all of that

19:27

, make sure that the transactions

19:29

are traceable to them and

19:31

, based on that , yes , we can recover those tokens

19:33

. But it's not like you know , and something

19:36

that we ourselves , like I , might well do

19:38

. But we have the . We

19:40

provide this mechanism just to make

19:42

sure that ownership itself is

19:45

not lost right .

19:46

So then you guys would like has this

19:48

happened before ? Like or what would you do

19:50

? Issue a new token or a new NFT

19:53

here ?

19:53

The idea is that you actually burn the

19:55

token and you just issue a new token , so

19:58

that's not like wouldn't be able to do

20:00

this . Like you know , only the trustee

20:03

would be able to do this now because

20:05

you guys Work internationally .

20:07

Where's your legal team ?

20:08

then that would handle that yeah it's

20:10

, it's all like it depends where the asset

20:12

is . We , we try to make

20:15

it simple so you know , if the

20:17

asset is , say , in Spain , then the

20:19

, the legal firm that you

20:21

know is acting on behalf

20:23

of the user , will be in Spain . For now

20:25

, the legal firm that we working with

20:27

is we have an office in Spain

20:30

, an office in Bucharest , romania .

20:32

So tokenization of real estate . You know you

20:34

guys are , you know , pushing forth , you

20:36

guys are acquiring more assets and you

20:39

know you're building your user base . You

20:41

know where do you guys see yourselves in , say

20:43

, five years ? Or do you what's ? Do you have an ultimate

20:46

game plan or timeline ?

20:48

Yeah , we have actually a lot of plans . You

20:50

know what we see . We don't

20:52

see ourselves as tokenization platform

20:55

. We see ourselves as a Wealth

20:58

generation platform . You know , we're in a

21:00

business of actually helping people build wealth

21:02

for generations , not

21:04

just for , you know , one month , not

21:06

for two months , not for a year , but

21:08

continuously building that value

21:11

for them and continue to build that

21:13

wealth year over year for them . So

21:16

any it's all the new features

21:18

that we're pushing , all the Licenses

21:22

that we're getting , all the Employees

21:25

that we're hiring right now it's all

21:28

because we want to become that platform

21:30

that democratize wealth generation

21:32

for everyone . So we started

21:34

with tokenization of real estate , but later

21:36

on we could be adding , like

21:38

many , many features to help people With

21:41

, you know , having passive income with

21:43

investing in secondary markets

21:45

and alternative assets and all

21:48

of that very cool .

21:49

Is there any other aspects of crypto

21:51

that you're super deep in ? You

21:54

know , aside from from your own company

21:56

, that you have going on .

21:57

Yeah , actually many , I

22:00

would say I'm some . I

22:02

love the a few of the NFT

22:04

projects out there . There's a good

22:07

projects , projects out there is actually

22:09

called art fight , that I like

22:11

. There is also some

22:13

like those learn or acts

22:15

to earn type of movements . I

22:18

follow these quite quite a lot

22:20

right now . But I'm more excited actually

22:23

about the infrastructure side of it . You know there's

22:25

, you know , like we started like

22:27

with coin and in ethereum movements

22:30

with . You know how can

22:32

you , how can we mine , how can I actually build

22:34

this ? You know this trillion dollar industry

22:36

and now we're seeing like more

22:38

applications to it . You know

22:40

more infrastructure , more KYC

22:42

that can be

22:44

moved , you know , from one place to another

22:47

. What really excited me the most

22:49

right now is having own

22:52

chain KYC because it truly

22:55

gets us to that mass

22:57

adoption that we're all looking for . Here's

23:00

one of the examples that always

23:02

resonates with me . We

23:05

all talk about how and what three

23:07

you'll be able to take your wallet and move from

23:09

one application to another . But right

23:11

now this is not true because

23:14

with every application you

23:16

go to , you have to do KYC

23:18

with them and you have to

23:20

pretty much just start

23:23

from scratch , which is not

23:25

the Web3 way of actually

23:28

moving . I'm really

23:30

excited actually about own chain

23:32

KYC because with

23:34

this , zero knowledge

23:37

proves and you'll

23:39

be able just to take your identity

23:42

with you , having done

23:44

KYC only once , depending

23:46

on what you're actually trying to do

23:48

. You just move across applications this

23:51

way so you could be , like , for example , like

23:53

at another financial app over

23:55

there , and then you come to us and you can

23:57

say you know , I want to buy

23:59

real estate at MetaWolf and

24:02

we look at your identity , your

24:04

wallet and your identity and

24:06

say , okay , you know what . This guy has

24:08

done KYC before . So these are like

24:10

some of the exciting things that I

24:12

would say like not directly related

24:15

to MetaWolf , but I feel like the more

24:17

we see them , the

24:19

more we see like people actually

24:21

adopting those . It will

24:23

just make the space much better

24:26

and it will also improve

24:28

like mass adoption for

24:30

everyone as well in this space .

24:32

I would love to see KYC on chain

24:34

flourish . However , I'm a little skeptical

24:37

of , you know , North American governments . You

24:39

know I feel like they're still going to require third

24:41

parties to collect that information

24:43

in some central way for them to

24:45

feedback , Because I feel like

24:47

just recognizing that they've done KYC

24:50

before on chain won't

24:52

be enough to comply with regulatory

24:55

compliance . What are your thoughts on that ?

24:57

North American general needs a lot of

24:59

things that he needs to step up . He

25:02

needs to actually move away from

25:04

the old way of thinking

25:06

and actually just gain to the

25:09

benefits that this would actually get

25:13

us to be . So I feel

25:15

like I would like them

25:17

to actually be

25:19

. Like I want to say it's hard to tell

25:21

, you know it's hard to tell , like , which direction they would

25:23

go to . If you see , like Coinbase

25:26

CEO coming out and you know , attacking

25:28

pretty much the SEC , you know how bad

25:31

it is . You know in Coinbase is not a

25:33

small player , right , it's one of the biggest

25:35

players out there . So I know like they're actually

25:37

trying to as much as possible

25:39

to centralize everything , to actually

25:41

keep to say that we have to protect

25:44

the USA , for by

25:46

being central , I think you can actually

25:48

still get everything you need

25:50

, all the information you need , and all of that

25:52

by being the central . So

25:54

I do not think like that claim is true

25:57

. If you ask me , I hope

25:59

like things change in the USA . I

26:01

hope you know we see like more , like

26:04

more people open kind of the regulatory

26:07

, the SEC , more open to the advancements

26:09

that talk that you

26:12

know blockchain brings to the table . The

26:15

USA market by far is

26:17

the biggest one is the one that's

26:19

always the you consider as the early

26:21

adopters out there , right . So

26:24

it's like the more like we

26:30

don't support , the more we actually just

26:34

push away kind of from

26:36

the advancement of technology and

26:38

like kind of the US , you know , like how

26:40

I see is that the USA technology

26:44

is dependent on actually the people from

26:46

the United States and also

26:49

the United States dependent on the technology

26:51

. It's kind of like this cycle that in

26:53

order to have like a mass adoption

26:56

, you actually need to be in a USA first

26:58

and if you also

27:00

in the USA , you actually always innovating

27:02

kind of . You know as well , the

27:06

SEC need to do something to keep that happening

27:10

as well . So

27:13

that's my thoughts . I hope they change and I

27:15

know like nobody kind of thinking

27:17

they would . But I think in the next

27:20

three , five years we will see like a major

27:22

break breakthrough with the SEC .

27:24

What are your thoughts around ? Like we're on the halving

27:26

report , I got to ask you , you know , what are

27:28

your thoughts around the Bitcoin having . Do you think it's

27:30

still going to have an impact on the overall market

27:32

?

27:33

In one way , like it's pretty good , it

27:35

will add like more liquidity . You

27:37

know there's actually a lot that you

27:39

can do there . But at the same time , you know people trade

27:41

with almost fractions

27:44

of Bitcoin . So immediate impact

27:46

I don't think it would happen , but

27:49

maybe like later on , when institutions kind of come

27:51

when they want to liquidate , when

27:53

they want to actually buy more

27:55

of something , you know , because these

27:57

guys like bring masses right , so

28:00

maybe then we would

28:02

have this . The beauty of Bitcoin

28:04

is not a hole . You

28:07

know . It's actually fractions of fractions of

28:09

fractions kind of , which

28:11

is like you can't compare it kind of to stocks or

28:13

to , you know , company shares

28:15

that you kind of have over there . So

28:18

there's benefits to . I'm

28:20

just saying like in the short term I don't

28:22

think it will be , you know

28:24

, immediate impact on it .

28:26

Yeah , I find like usually around

28:28

the actual having it's , you know , by

28:30

the rumors sell the news , but then you

28:32

know later on , you know six to 10

28:34

months later . Usually we'll see . Usually

28:36

we , historically , we've seen the price go up , so

28:38

we'll see . We'll see what happens next year after

28:40

the having . I want to throw a couple of fun

28:43

blitz questions at you . Coffee or tea Depends

28:45

on the day .

28:47

Mostly coffee .

28:49

What was the last book that you read and

28:51

loved ?

28:53

Oh , there's a book

28:55

by Seth Gaudin . This

28:57

is marketing .

28:58

Okay , yeah , we'll check it out . Yes

29:00

, any hobbies you indulge

29:02

in when you're not democratizing real estate investments

29:05

?

29:05

Watching soccer . I'm a big

29:07

soccer fan actually .

29:09

Yeah , okay , you have a favorite team , barcelona

29:11

? Yeah , all right .

29:15

Way to , you know , move all

29:17

the stress , all those like I can't

29:19

wait to see the next game and just actually

29:21

, you know , not think about anything

29:23

but just like enjoy the game .

29:24

Yeah you know . As we wrap up here

29:27

, I'm gonna ask you , you

29:29

know how our listeners can stay updated

29:31

with meta , meta , wealth and yourself

29:33

. Where can we follow you and learn more ?

29:35

before actually I get to this , I just want to mention

29:37

that until recently , until

29:39

actually last month , we've been pretty much focused

29:41

on what two people . Just last month

29:44

, we moved on to web three and

29:46

we actually bring in a lot of web three

29:48

initiatives , a lot of Features

29:51

, new campaigns are running

29:53

. So we're building our community . We're building a web

29:55

three community which is a great Place

29:58

for everyone who is watching right now

30:00

to join us . So our discord is

30:02

available for people to come . Our Twitter

30:04

space Is well at where accounts

30:06

or a tour account as well

30:09

. Meta wealth app is available

30:11

. Is . Is is some place where

30:13

you can check us out . If you also in the EU

30:15

, you can download

30:17

the app at meta world applink

30:19

and we're

30:21

really excited . You know it's again like we're

30:23

very small community . Would love to hear is from

30:26

everybody out there how we

30:28

can actually help , how we can move

30:30

forward , what are the things they looking for ? So

30:34

, yeah , please come to those

30:36

areas and would love to

30:38

see everybody .

30:40

I'll definitely , you know , provide those links in the show

30:42

notes . You know we'll make some content here

30:44

and then spread it out . Share it out and educate

30:46

people about what you guys are doing . I think it's pretty

30:49

cool . You got some interesting experiences

30:51

behind you there . No , that make you a

30:53

unique person to be a co-creator

30:55

and of the company . I'm gonna thank you for doing

30:57

the having a port man , yeah thanks

31:00

for coming on , man .

31:00

Here's a question for you . I wonder

31:03

, what do you think of the , you

31:05

know , tokenization in general ? I ?

31:06

think it's interesting . I see I've

31:09

seen a lot of companies , projects

31:11

come and go since I've gotten to the space

31:13

in 2017 . I'm very a

31:15

Fiscally conservative cryptocurrency

31:18

investor , so that means I'm investing

31:20

into the blue chips . I don't

31:22

dive into other , many

31:24

other tokens these days , but I'm

31:27

always open ears , listening about them , learning

31:29

about them , trying to see kind of trying to keep

31:31

my ear close to the ground and what's happening

31:34

and what's developing in this space . I

31:36

would love to see as many things as possible

31:38

become democratized . So so , what you're

31:40

doing , so I'm a big fan of it . I love

31:42

that you guys are building the infrastructure to do

31:45

that and , you know , as

31:47

a real estate investor myself oh , luckily

31:49

, I was able to get in at a time where , you

31:51

know , it was still manageable to get property

31:53

here in Canada . You know , coming into

31:55

2023 , I think there's gonna be , you know , maybe

31:58

a lot more young people looking for these

32:00

types of opportunities . So I think it's really

32:02

great that you guys are building that infrastructure . You

32:04

know , I wish you guys all the all the best . All be following

32:06

along and hopefully we can catch up down

32:08

the road and kind of See where we're at .

32:10

Oh , thank you . Yeah , I didn't know you were actually a real

32:12

estate investor . I mean it's good that you actually

32:14

got in there before before

32:16

you know real estate Before

32:19

sir , for the boom kind of happened , yeah , yeah

32:21

.

32:21

Yeah , I kind of got lucky there with , you know , just

32:23

getting a condo . I kind of I kind of figured out real

32:25

quick this is before I even got

32:27

into , really dived into Bitcoin . I

32:30

thought real estate was your number one go-to

32:32

and then , after I found out about Bitcoin

32:34

you know digital gold and and the

32:37

potential there and the social

32:39

ramifications and everything that goes along with

32:41

that Decentralization and ethos

32:43

behind it I saw a big opportunity there

32:45

and philosophically Wanted

32:47

to invest there as well . So I haven't bought

32:49

in any more real estate since . I kind

32:51

of got into this space . But yeah

32:53

, I was interested in investing pretty , pretty

32:56

early in my in my 20s .

32:57

So I kind of Wish

33:00

more people were lucky . You know what's the exciting

33:02

, the exciting moment that

33:04

everybody talks about , which is like to

33:06

me , like this is what kind of keeps me moving forward

33:09

, is that when people

33:11

receive the rent , rental

33:13

money in their wallet , that

33:15

day is like paid day for everybody

33:17

, like on our platform , and and they

33:20

just come there is like , oh my god , you know

33:22

, I gotta invest more . You know why I'm only

33:24

getting a hundred . Okay , you know what ? Next

33:26

, next month , I'm gonna actually for more some

33:28

I'm getting like 150 .

33:30

Oh yes , is that so

33:32

? Is that something that's within your platform

33:34

? Then you , you invest and then they get

33:37

rented out and you can kind of see that feedback in

33:39

your wallet . Is that a goal down the road , or ?

33:41

you actually do so . You , actually

33:44

, we have actually a financial freedom plan

33:46

. You can say like what I

33:49

am in 15 years . I'd like to actually

33:51

be able to have to get like

33:53

$500 , you know and

33:56

passive income every month and then through

33:58

that we create the plan for you , customize

34:01

it , personalize it and every month you put

34:03

that money will tell you how far you from your goal

34:05

and then , yeah

34:08

, we take it this way . But the

34:10

exciting thing is that every month , literally

34:12

every like to me , like you know when

34:14

I really enjoy the app is that

34:16

every month , like you know , let's say , well

34:20

, our next one is actually October 10th . We

34:22

were we're actually sending

34:24

rent , we said we're distributing

34:26

rent , actually October 10th . I

34:29

always look forward to that day when you

34:31

know that money actually hits our token

34:33

holders Wallets , because this

34:35

is the one is , like they do , most excited about

34:37

, is like kind of waiting for . It's like kind of , you know , waiting

34:39

for your paycheck and it hits your wallet

34:41

and you get like this amazing experience

34:43

. You know you got your your

34:46

$100

34:48

from rent right there and you

34:50

and I've seen like so many people say

34:52

to telling me , you know , this is like the

34:54

moment where I'm really always looking

34:57

forward to . This is the Moment of the

34:59

month I always look for and I always tell

35:01

myself , I should have put more money in there .

35:05

Yeah , it's like . It's sort of like getting interest

35:07

back on your , on your tokens . You know what

35:10

you're doing what . What currency do you guys pay out in us

35:12

DC ? That's awesome and I feel like we should

35:14

have . We should have talked about that earlier in the episode

35:16

. Is there any other amazing features ?

35:18

Okay , here's another one that we're gonna launch

35:20

to and we haven't launched it . It says goes to

35:22

what I was telling you about , you know , like how

35:24

we actually get into the web 3 space and all

35:26

of that . We're going to have

35:28

a learn to earn a type of A

35:31

feature , and the reason why is because our

35:34

people , like what we notice right now is

35:36

, you know , most

35:38

people , including myself , like you know , we

35:41

have , like many other things in our lives that

35:43

we actually don't get the best financial

35:46

literature out there to make financial

35:48

decisions . And you know , like

35:50

I said , we hear trying to help people out . You

35:52

know we're trying to help them generate the passive income

35:55

, we're trying to help them build wealth , all of that . So

35:57

we want them to learn more . So

35:59

what we're trying to , what we're going to push

36:01

later on , is a learn to , to

36:04

earn a kind of Product

36:08

where you will take , like actually

36:10

financial , not courses , but modules

36:13

, like very small snippets , where we can actually

36:15

just learn or grasp those concepts

36:17

to help you , like make better decisions . So

36:20

this is like something that I would say we're pushing

36:22

very hard right now . Another

36:25

one is that we

36:28

will try we there

36:31

is loyalty points which are kind of like earth

36:33

drops . So

36:35

for everybody who is actually right now

36:37

, who just we

36:39

know we're still pretty young , right , so I can't again

36:41

like we're building our community so anyone

36:43

who actually start with us right now , we

36:47

recognize there , you know there , the fact

36:49

that they actually start with us early . We

36:51

recognize that they are early movers over

36:54

there . When I reward these guys so

36:56

they have like actually lots of earth drops

36:58

that will later on they

37:00

can use to redeem some

37:02

New features in the app

37:05

, get like lower fees , maybe later

37:07

on actually by a real estate . You know we're

37:09

still like actually designing the whole roadmap

37:11

for this , but this is really exciting

37:14

for me too . Oh , we're gonna have later

37:16

on some actually vr , uh

37:18

vr stuff in the app as well , so people

37:21

would be able to actually walk into the

37:23

Apartments that they they want to buy

37:25

and see how they look like and to take

37:27

it from there as well .

37:28

Yeah , very cool . You see that on uh , you know most

37:30

real estate websites . Now they got that virtual

37:32

tour , so you know . I think you guys are Stepping

37:35

in the in the right direction . I can see it . I

37:37

can see it in your face , the passion , uh

37:39

, in your eyes , the excitement . You know

37:41

, those monthly payments , I think it's , it's

37:44

, I think it's pretty awesome , man . You know , I'm gonna

37:46

check it out . Learn a little bit more . Follow , like

37:48

I said , follow along . Yeah , man , maybe just let

37:50

us know your socials and , uh

37:52

, we'll wrap it up . Man , thanks for doing this .

37:54

Thank you so much . Thanks for having me . I'm

37:56

really excited to be here . So yeah , we'll

37:58

talk later .

38:03

Hey you thanks for listening to the having report podcast

38:05

. If you want to support , follow us on your favorite podcast

38:07

platform and leave us a five star rating . Follow

38:09

us on our socials at having report . If

38:11

you're gaining and you want to buy Bitcoin or cryptocurrency

38:14

for the first time , go to bit by dot ca

38:16

Forward slash having for a $20

38:19

bonus if you want to bring it to the next level

38:21

and take self custody of your cryptocurrencies

38:23

. If you want $30 off the ultimate digital

38:25

asset security device , bit five , go

38:28

to having report dot com forward slash

38:30

bit five for more information . Until

38:32

next time , I'm Brad minds .