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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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How to Create a Healthy Local Startup and Tech Community

This is going to be BIG.

That prediction obviously turned out pretty wrong, but it did drum up a whole lot of chatter about the right ingredients for building a startup community—about New York vs Boston on the East Coast and whether cities like Austin and Seattle would ever break through. What makes people like that want to live in any particular community?

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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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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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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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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. Venture dollars flowed into proptech after proptech. At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder. Then 2022 came.

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Side raises $150M at $1B valuation to help real estate agents go it alone

TechCrunch

Side , a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, announced Monday that it has raised $150 million in Series D funding. Existing backers Matrix Partners, Trinity Ventures and Sapphire Ventures also participated in the new financing.