I was listening to a podcast today (Monocle 24: The Entrepreneurs, episode Eureka 111) and heard an interview with the founder of a new startup called TEND. I found it really interesting, and figured I'd share here.
Disclaimer: I'm not at all endorsing this company or encouraging investing in their offerings. I don't even think it's open to the public yet. Just wanted to start a discussion because I think it's pretty interesting.
Basically, the company takes luxury assets (collectible cars, rare wines, coins, vineyards, etc) and puts their ownership on the blockchain. They create tokens, which people can buy. This essentially creates a shared ownership of the single asset (lets say, a rare car).
The really unique spin on this one though is that they let you actually
use the item. So for instance, with a car you might get 4 days of use in a year where you can actually cruise around in the thing.
So I guess it's part investment, part time-share, part speculation on luxury collectible appreciation?
Again - NOT endorsing this at all, but it's a cool idea!
https://www.tendswiss.com/