"Do I take my capital and put it into my existing portfolio to either defend what I own or to try to grow it and create more value?"
Co-Founder, CEO & President, @ares_management, Michael Arougheti discussing with @BloombergTV’s @sonalibasak at #BloombergInvest.
Watch live: https://t.co/PELc7PCO8X
Video recordings from our 2024 Investor Day are now available on the website. Hear from our global leaders about the business and what’s next for Ares. $ARES $ARCC #InvestorDay
Our CEO Bruce Flatt spoke on @CNBC at @MilkenInstitute's Global Conference about the state of the economy, recent deals including our renewables partnership with @Microsoft, and why we think the commercial real estate market is past the bottom: https://t.co/IXQhShhcAK #MIGlobal
Today, we celebrate the brilliant minds and boundless potential of women and girls in science. At @DEEP we're proud to support and empower women in STEM fields, driving innovation and discovery in ocean technology. #WomenInScience#GirlsInSTEM#makehumansaquatic
Real estate is the world’s largest asset class worth $613T. How much of this value is on the blockchain? ⛓️
The total value of tokenized assets, representing fractionalized claims on real estate is $178M.
Two players stand out:
1️⃣ @RealTPlatform lead the market, accounting for 49% of market share.
2️⃣ @tangibleDAO, another major issuer, with TVL growing from $100K to $64M in 2023.
Overall in 2023's first three quarters, real estate RWAs surged by $90M (102% growth)!
(Source: https://t.co/MijjGc5zsP / @glxyresearch)
Compared to the total property value, it's a fraction. Yet, it's just the beginning, and recent increases bring optimism! ✨
The @MadLadsNFT drop has shown that NFT drops has revolutionized what it means to build a product & company. It worked out perfectly for the @xNFT_Backpack team, considering their product revolves around the next evolution for NFTs.
Their execution flow is as follows:
1. Build the product and have an initial cast of users based on invite - make them somewhat scarce and create an artificial demand for something they ultimately want everyone to use.
2. Recognize the need for said users (and future ones) to understand how to use the product at its base capacity, which in this case is to capture the entire NFT lifecycle from WL to utility usage (for now, the holder's chat).
3. Curate community, raise hype & awareness, be blunt about what the project is. Yes the rug marketing worked, but @armaniferrante's true vision with this is to show people how smooth (DDOS aside lol) getting an NFT and "using" it could be.
4. Through the mint process, onboard new users, get people to talk about Backpack, get community buy in, raise a couple mil, and test bugs and process inefficiencies.
5. Additional byproduct - gain eyeballs from future enterprise partners that will most likely want to use Backpack as their gateway into Web3.
+ Amidst all of this, have people create thousands of content, documenting the entire building process as well as the energy and attention the company has garnered. Free marketing and proof for a potential next raise or reputation.
Flaws - of course, this worked out well considering Backpack is building on NFTs - I personally view it as an OS for Web3. Their competitor is not @phantom, but @Apple. Not every Web3 company needs or can have users experience their product through a mint. BUT if you're building with NFTs (aside from just an entertainment / community project), you better have a good reason why.