Blocksquare and Dua.com unite forces to Enable Diaspora Communities Access to fractional Real Estate assets. Over 5 million people will soon be able to access tokenized real estate deals and own pieces of on-chain properties.
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In line with our vision of reconnecting and enabling globally fragmented communities access to financial opportunities, we have announced a strategic partnership with Blocksquare. Blocksquare is an award-winning company building inclusive infrastructure to transfer real estate assets to the internet. We are teaming up with Blocksquare, to provide our +5M users a simple and safe way to access real-estate deals directly within the upcoming dua in-app wallet.
Diasporas and their investing potential
Money inflows from migrants are at the center of the relationship between migration and development. Remittances are an important intra-family financial flow that affects economic growth. However, they only make up a small portion of the potential private money flows from diasporas. Considerable data indicate that diaspora communities have considerable financial assets and income in other forms, such as savings and retirement accounts, debt, and equity.
Unfortunately, the current financial system often does not offer the most cost-effective tools to allow underserved communities to contribute financially to the economies of their origin countries by allocating their hard-earned capital easily and safely.
DUA Token – Web3 Gateway for fragmented communities
Since dua’s inception in 2020 and its initial vision of enabling migrants to stay in touch with people from the same cultural background.
we reached over 1.3 million installs and 400 thousand users.
To further expand our presence in the DACH region, we acquired one of the most prominent german dating brands. Today, both apps serve over five million (+5M) users and have built a strong moat against all competitors in the initial local markets.
Along our journey, we identified some of the most significant issues today around fragmented communities. Currently, 1.4 billion people cannot access financial services, and 1.1 billion people have no way of claiming ownership of their identities. Such substantial lack of accessibility limits their potential for economic growth. Therefore, there is an urgent need for a social and economic support system built with first principles to help create a thriving virtual economy where people identify, connect and transact without intermediaries and central authorities.
To overcome these issues, we announced the launch of the DUA token, the first utility token to support the new economic system around globally-fragmented communities. Issued by the dua Foundation, it will allow individuals and businesses to earn, send and spend DUA inside the platforms, thus creating an internal economy supporting millions of people.
DUA is an ERC20 token that will be deployed on the Avalanche blockchain.
It incentivizes and rewards users for actions and activities across the dua ecosystem. It acts as a unit of value exchange. The ecosystem allows users to earn and spend their tokens for services inside the platform.
By introducing DUA to the world and following our vision to build the next-gen web3 gateway for fragmented communities. Millions of people can get exposed to different inclusive financial services.
“It’s not about the technology. It never was. It’s about the opportunities created for underserved communities that are left behind in many ways regarding financial services. Our partnership with the Blocksquare will bring a new way for users to get access to real estate deals. This completely decentralized and without leaving the app.”
– Ardit Trikshiqi, Chief Payment Officer at dua.com
Real Estate and DeFi
Real estate remains one of the most solid and stable asset classes worldwide. The market is estimated to be valued at $326.5 trillion in 2021, making it the most valuable store of wealth and more valuable than every other asset class.
Source: McKinsey. Real estate accounts for two-thirds of global net worth. In the U.S. alone, housing stock is worth approximately $43.4 trillion.
Property ownership in many countries is increasingly considered a luxury. We have seen a constant spike in real estate prices over the last few years. Which limits the ability of people to own property.
Real estate and the emerging DeFi have the potential to democratize access to tokenized properties for anyone with internet connection. Only in 2021 blockchain companies tokenized billions of dollars of real estate. Moreover, showing increasing interest in this new stream of investment.
The Blocksquare Ecosystem
Blocksquare’s infrastructure is designed to power 100s of marketplaces across the globe, connecting investors to real estate opportunities in their region.
With Blocksquare’s real estate tokenization protocol, companies like dua can start digitizing real estate assets at a fraction of the cost. At the same time, their white-label platform offers the quickest way for us to launch our marketplace where people can invest in tokenized real estate.
This will help dua users to access tokenized real estate deals directly from the convenience of dua via Blocksquare’s APIs.
Oceanpoint – a Defi protocol for Real Estate
Through Oceanpoint.fi, dua users can open up an additional revenue stream. Real estate owners can gain exposure to crypto by locking in their tokenized properties. However, liquidity providers can earn rewards in BST, the native token of the protocol.
Oceanpoint is a set of smart contracts on Ethereum that form an open-end DAO designed to potentially own an unlimited pool of real estate assets. Anyone can participate without legal restrictions to earn by contributing to a decentralized protocol backed by the real estate economy. You can access Oceanpoint’s docs here.
“Real estate is the biggest asset class in the world, but at the same time, it is out of reach for most people. If Web3 is about creating easier access to value for everyone with an internet connection. This partnership is about creating easier access to real estate investments for every dua user.”
— Denis Petrovčič, Chief Executive Officer at Bocksquare
DUA Capital Raise on Fundrs
The dua Foundation is set to launch $DUA’s fundraising on Fundrs – a peer-to-peer funding platform built by AllianceBlock. We are excited to be the first project on Fundrs and look forward to publishing the whitepaper for the community. Learn more about how the capital raising process on Fundrs works.