StackSource pivots from Commercial Real Estate to NFT Financing
Update 4/2/2021: The below was originally posted on April 1st. It was an April Fool’s Day prank. StackSource is not pivoting into the NFT space. We remain 100% committed to commercial real estate finance.
We’re extremely proud and excited to announce the new StackSource!
By now, even if you’re not a crypto junkie, you’ve certainly heard something about NFTs. NFT stands for “Non-Fungible Token”. If you need an overview of the NFT market and why it is growing so quickly, you can read here:
NFTs are the new real estate
Real estate has served people well from pre-historic times all the way up until 2021. But land, concrete, and glass are all scarce, tangible assets, which limits their value.
The internet is infinite and exponential, but before blockchain, you really couldn’t verify ownership of digital assets.
Now, at the onset of the NFT era, true ownership of digital assets is the first real unbounded market. That means the total value of the market and the assets inside it will always go up, forever. NFTs are the new real estate.
NFT Financing will be a $100 trillion dollar market
Commercial real estate debt in the US is a $3.5 Trillion market.
But the total value of NFTs worldwide is trending towards $100 Trillion by 2035!! And that’s a conservative estimate. It could hit $1 Zillion by the time my kids learn to terraform Mars.
StackSource’s Strategy
Several startups have garnered notable traction in the NFT arena over recent months. However, they are mostly dedicated to creation, tracking, and trading of these tokens.
Now, StackSource will be the first to launch an NFT financing platform!
Demand Driver
The value of your NFT is set by the market as of the last trade. Imagine buying the rights to that funny cat gif you love for $500,000 (excellent investment, bro!).
But now, the cutest hedgehog picture is being turned into an NFT, and you need it. But it will probably trade for a cool $300,000. You don’t have enough cash left and you already maxed out your mom’s credit card.
What if you could borrow money against the cat gif you already own!?
How it works
Now you can log into StackSource’s portal, sync up all your NFT trading accounts via PLAID, and receive instant financing offers for all your proprietary digital assets!
Since the value of these digital assets is growing so quickly, our machine learning models indicate that we can currently offer up to 100% of the digital asset’s value as a loan. After all, the price will go up tomorrow, so the underwriting works perfectly. The borrower user will receive their choice of bitcoin, ethereum, or dogecoin in their account within 48 seconds of accepting the loan offer.
We’re on a mission to redefine the way digital finance works for Gen Z and beyond.
If you’d like to invest as part of our $999 Million pivot re-seed venture round, stay tuned for our upcoming ICO.
