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In this episode, Monika Proffitt, a blockchain expert, investor, advisor, and author of Blockchain 101, discusses her journey into the world of blockchain and her early attempts at tokenizing real estate. She emphasizes the importance of timing in the success of a business and the need for financial inclusion in order to achieve cultural inclusion. Monika and the host, JZ, also discuss the potential of tokenized real estate and the role of institutional investors in driving the growth of the market. They explore the challenges and opportunities in the tokenization space and the need for better user interfaces and design to make blockchain more accessible to the masses. Monika shares her current venture, a marketplace and browser extension that aims to create more collaborative and inclusive economic models. Monika Proffitt discusses her multi-vendor marketplace, Reload, which allows sellers to offer rebates to buyers. The marketplace integrates with existing platforms like Amazon and provides a browser extension that notifies users when they can receive a rebate. Proffitt emphasizes the importance of valuing the demand side of the market and building a community of loyal customers. She also mentions her plans to launch a Web2 marketplace and a Web3 platform in the future.
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Story Notes:
- Timing is crucial for the success of a business, especially in emerging industries like blockchain and tokenization.
- Financial inclusion is necessary for cultural inclusion, and blockchain has the potential to democratize access to investments like real estate.
- Institutional investors are driving the growth of the tokenization market, and there is a need for better user interfaces and design to make blockchain more accessible to the masses.
- Tokenization has the potential to revolutionize the private equity market and provide liquidity to traditionally illiquid assets.
- Collaborative marketplaces and inclusive economic models can disrupt traditional market structures and create more equitable distribution of wealth. Reload is a multi-vendor marketplace that allows sellers to offer rebates to buyers
- The marketplace integrates with existing platforms like Amazon and provides a browser extension for tracking rebates
- Valuing the demand side of the market and building a community of loyal customers is crucial
- Proffitt plans to launch a Web2 marketplace and a Web3 platform in the future
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