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Republic’s metaverse real estate arm spins off, rebrands as Everyrealm

TechCrunch

Over $500 million worth of real estate was sold on the top four metaverse platforms in 2021, data shows. Traditional real estate companies are amongst the many investors flocking to stake their claim on plots of land in virtual worlds like Decentraland and Sandbox.

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Potential Conflicts of Interest in Proptech

Revolution

Unpacking Proptech: A data-driven series on advancing built world innovation As mentioned in Part 1 , an outsized portion of the proptech investor base comes from the real estate community — a reality I would argue is complicating the industry’s growth. VC firms are not blameless — over 1.8K

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Today’s Tech Hubs: Labor and Housing Dynamics in the Post-Pandemic Era

Revolution

For years, tech companies, talent, and venture capital were concentrated on the coasts — a precedent the pandemic tipped, if not flipped. Housing affordability is a visceral issue for communities, and local decision-makers are struggling to keep up with the scale of the problem. Tech moves fast, but real estate moves slow.

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Fractional lands $5.5 million to let friends (and strangers) invest in real estate together

TechCrunch

As teammates at buy now, pay later fintech Affirm, Stella Han and Carlos Treviño bonded over their shared background of growing up in real estate families. Fractional , a San Francisco-based startup, wants to make real estate ownership more accessible. Community is the new AI.

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Burn, baby, burn. Real estate-focused fintech startups feel the heat

TechCrunch

Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder. Low interest rates mean more purchases and refinances.

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How a Company Becomes a Pillar of Its Local Community

Revolution

But Detroit prevailed in large part because a handful of companies within the auto manufacturing community served as “tentpoles,” firms so powerful and successful that they anchored an entire economic ecosystem. Third, to become a tentpole, a company must create wealth that the whole community can feel. as do manufacturing workers.

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Real estate tech startup Side raises $50M more at a $2B valuation as it preps for an IPO

TechCrunch

Side , a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that doubles its valuation to $2 billion. With the latest capital infusion, Side’s total raised since its 2017 inception now totals over $250 million.