HyperDAO realizes the Real-World Asset On Chain Collateral
Following NFT’s rise in popularity, its market segments has moved on from gaming, and digital art collectibles to the integration of real-world assets. The NFT’s Real World Asset On Chain will greatly improve the circulation and expansibility of assets. Combined with the indelible, invisible and traceable characteristics of the circulation record, the NFT Real World Asset On Chain will be able to realize the asset’s value and authenticity.
As the leading pioneer to the blockchain decentralized financial service ecosystem, HyperDAO will collaborate with offline third-party custodians and property management agencies through its DAO governance mechanism to build a real-world asset on chain collateral ecosystem.
HyperDAO has introduced the NFT Minting system to enable users to conveniently place real world assets as collaterals for loans and mining purposes to create a NFT node system. This will ensure that all the tangible assets provided to the NFT Minting are real, legal, fair priced and will realize the real-world asset on chain collaterals.
Valuer Node
The Valuer Node’s task is to achieve a consensus on the value of the tangible assets. Different types of real-world assets require different professional appraisers. For example: a professional antique watch appraiser will not be able to apply their relative professional experience on the real estate industry. Thus, HyperDAO will actively seek out professional appraisers with different industry experiences to join its cause and create a rich market platform.
Using residential properties as an example, the NFT Minting process will require a professional real estate appraiser to conduct detailed checks on the internal and external part of the property, including confirmation of the floor size, internal structuring problems, external equipment like garage balconies, the terrain of the property, street frontage, etc. Next, the appraiser will provide a detailed property review report and provide it to the community for reviewing.
Following the growth of the valuer node network, HyperDAO’s NFT system will further simplify the property evaluation process and build a massive reference value data storage in multiple geographic locations, and allow the system to collaborate on a bigger valuer node network. This will not only increase the evaluation speed but will also give a more accurate evaluation.
Legal Node
The Legal Node’s job is to ensure that the property’s legal documents are legal and to work with the valuer node to verify the fair value involved. They will mainly participate in the due diligence of the real estate and draft the agreements if needed. They are also required to organize the documents to complete the trading, analyze the specific legal issues that may surface during the trading process, and draft contracts and platforms for managing relationships between property owners.
HyperDAO’s NFT legal node will be like HyperDAO community’s guardian. They will be in charge of verifying and reviewing documents submitted by property owners who wish to use their property as collaterals. They will check all the provided document’s legality and assess the potential risks involved in handling specific properties to ensure the property’s authenticity and value.
HyperDAO is building a borderless and permissionless gateway to transfer real world tokenized assets onto the blockchain. HyperDAO believes that NFT will be the next step for the development of DeFi. As more real-world assets are placed on-chain and participate in the field of fractional investment, the more the users can benefit from DeFi. This is the mission and vision of HyperDAO.
In reality, the transaction cost of assets is high, when compared to the low cost of on-chain confirmation, mortgage, liquidation, and transaction. Based on the application of blockchain technology and the explosiveness of the digital world, HyperDAO is committed to creating a permissionless and borderless gateway through the NFT Minting system, and realize the real-world assets on chain collaterals.
