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ColivingDAO Insights: The Web3 Path for Regen Living
Hosted by ColivingDAO founders Daniel Aprea and Gareth Thompson, this podcast explores how Web3 technologies can enable sustainable, community-driven, and regenerative living.
Each episode of "ColivingDAO Insights" offers valuable perspectives, knowledge, and analysis on the practical applications of Web3 technologies in fostering regenerative living, such as decentralised ownership and governance models, proptech innovations, community living, and ways to regenerate both the planet and the economy.
ColivingDAO Insights: The Web3 Path for Regen Living
Start your own Coliving Community with ColivingDAO
Daniel and Gareth explain how you can start your own Coliving Community with ColivingDAO.
Welcome everyone to Co Living Down Insights. This is your co-host Daniel and today I'm joined by my co-host and co-founder Gareth. How are you, Gareth?
SPEAKER_00:Hi Dan.
SPEAKER_01:Yeah, really, really good, thanks. Looking forward to today's podcast. Awesome. Great to have you here. And uh today we'll be going a little bit more in depth on what it's like to start your co-living community through Co-Living DAO. Because I know there's um a lot of you out there uh that are either considering starting a calling community or maybe already taking concrete steps towards building one. Uh and uh it's a bit of a jungle out there, it's not so straightforward in many ways, and uh we created a solution specifically for that. So that's uh what we'll um discuss more in depth today. And Gareth, do you want to add something at this stage?
SPEAKER_00:Yeah, I think we can just dive right in, and I think if we start with you know the problem out there, because that's the place where people begin, right? They think, okay, I want to start a community. What's gonna stop me from doing that, and how what's gonna help me to start?
SPEAKER_01:Exactly, because uh we actually do speak with uh a lot of prospective co-living operators or prospective uh co-living community starters, uh, and uh we uh obviously have met a lot of existing ones as well. So some of them have faced the challenges, they have found potentially some partial solutions, but it was quite a challenge to find a comprehensive solution. In fact, uh before co-Living Dow, I don't think there was any comprehensive solution to make it straightforward for people to build a co-loving community, let alone a regenerative one. So, what we're doing here is really making it simple, making it straightforward. So the main problem is that right now the systems and um the tools are quite outdated, and more in general, the whole property system, the property market is uh really based on outdated systems, outdated dynamics, uh which are also quite dysfunctional. We notice that a lot of co-living spaces they don't operate so well because there's a major disconnect between the operator, the residents, and the investors in that particular community as well. And uh having this major disconnect usually causes problems um sometimes in the short term, but most of the times in the long term, some problems just um arise. And uh it's one of the main reasons co-living spaces uh don't make it as well. So it's really important to address that. And uh for you as a community starter, one of the major challenges is uh definitely uh to have a blueprint to begin without really having necessarily experience on how to do it, or simply uh sometimes not having the capital required. Because uh, let's uh just get it straight. On one hand, it's a business, and because it's a business, it takes money to make things happen, and not every co-living community starter has access to the right capital from day one. Sometimes, even if people are bootstrapping, let's say they just rent to rent, so to speak, so they they find a property that could be used for co-living, let's say a small property, even five to ten beds, we're looking at something pretty small there, and uh potentially just rent without buying or or building, which would obviously cost even more. Uh even then, at that point, it's important to factor in the cost of running the community, the cost of marketing, and so on. So it can get pretty expensive, right, Gareth?
SPEAKER_00:Yeah, that's right. I mean, uh imagine, just imagine, for example, as you said, if you wanted to start a small co-living between five and ten residents, that's still gonna be a significant space in terms of the property, right? Either if you're gonna buy that building outright or if you're gonna rent it. Um, that's gonna cost money, and you need to find the place in the property market. And then once you get it up and running, there is gonna be maintenance costs, you're gonna have to have some sort of system to run, even a small community of five to ten residents. Uh, it's not as simple as a a small flat share with you know two or three people in it splitting the bills. If you're actually gonna set up a co-living community, then it's gonna it's gonna cost money, it's gonna cost money to get it going, and it's gonna cost money to um keep it running and get those systems in place. And then you need to get your residents, you need to get those five to ten people that want to live there, uh, which is can it could be could be relatively easy if you're in a place like London where everyone's looking for a great place to live. So you've got a big pool of potential residents out there, um, but it's still gonna cost you money in terms of marketing to actually make yourself known, right? You need to get yourself out there to say, hey, this is this is something unique, and get people to to see that there's an opportunity there. So all these things are gonna be costly in the beginning.
SPEAKER_01:Absolutely, and uh if you're building a co-living space somewhere remote, maybe for digital nomads, then marketing is definitely paramount. How do you even uh get on the radar? How do you attract people to specifically live in your co-living? Maybe they didn't even know about that particular city or or um village or maybe place in the countryside that you've chosen for your co-living space for remote workers or digital nomads. So effectively, marketing is uh is a big cost as well, and it's not only the financial cost, it's also how to actually do that blueprint. How do people do it? So typically people would potentially hire consultants and find a bespoke solution, and again, it's something that can be done, uh, it could be quite expensive to do that, or sometimes simply not not very scalable, and uh it's not really a straightforward way to do things. So this is something that we address here at Call of Indau, uh, and that's exactly why we're building our solution. And umce you realize that there can be a scalable approach, once you realize that there can be a way to do it, which is um seamless and a lot easier than uh doing it alone, uh, that is uh when normally we join the the column DAO platform because that's exactly what we are building. So, Garth, do you want to describe a little bit more how we address these uh specific problems that calling starters are facing when um creating a new community?
SPEAKER_00:Yeah, great. And let's start with the money. So, okay, I'm gonna start my community. I want to either rent a small building, let's say it's five to ten residents you're looking at at the lower end of the scale. Where do I get the the funding for that? Well, first of all, you can go on to the co-living communities launchpad, co-living dial communities launch pad that we're building, and there'll be a pool of property investors there already who want to invest in co-living communities, the future of co-living, progressive co-living communities. So you potentially got your funding right there to get started just by being on the launch pad, and then you think okay, what's what would be the next step after that? Let's say you get your funding, you you find the building you want to rent or buy, then you need the systems to to run it. Well, that we've got the systems, we're building a web 3 hub for community uh starters to just take it and run with it. And this would be a system that is a turnkey blueprint to set things up and then and then get going and and build you know bring in employees for your co-living community to help run it if you need employees and just some of those essential systems for residents, for co-living residents to to interact with the community. And and that's it, right? You start with the money, then you go to the systems, and we have all of them wrapped into one package, and we can talk a bit more about some of the elements in there, and also talk about you know who are these co-living community starters in the first place? Why are they coming to co-living DAO? It's because they want to set up the communities of the future, it's because they're progressively minded and they they're looking at solutions that that give residents power and wealth sharing, a decentralized system, you know. A co-living community starter is is first of all well, you're looking at co-living in general. This is a new space and it's a new way of living. But often the people that are thinking that way are thinking, okay, what's the next step? It's not just co-living. Let's really um enhance the experience for residents, let's let's give them a share of the power and wealth in what we're doing here and get them actively involved in the decision-making their communities. So those are the types of people that are on the co-living DAO launch pad and they want to start a community, they want to start a new progressive community of the future, and so we have the systems ready to go and the money ready to go in a nutshell, and we can dive deeper into that, Dan. We can dive deeper into any any of these elements and all of these elements and explain them more. Exactly.
SPEAKER_01:So definitely what we're building is um um type of solution, uh, let's say a one-stop solution where everything is on the platform, which we'll explain a little bit more in detail right now. And the first thing is really getting access to the funds, fundraising. So on the Co-Living Dow marketplace, we'll we'll we like to call it a three-way marketplace uh or three-sided marketplace. Effectively, it's a launchpad. So we're building a launch pad where co-living community starters can uh first of all find funding so that their co-living space can come to fruition in the first place. Because what's worse than having a dream or having a great idea and then not having enough funds to even realize that. So the first step is really being connected uh with a pool of property investors. They're not just your traditional property investors. In fact, these are property investors uh that have a very strong value alignment, specifically with the regenerative co-living community starters. So people that want to invest, not simply to make money, which obviously is part of uh every investment decision, but also to really support projects that are in line with their personal values of creating a regenerative society and uh connecting people and fostering community living as opposed to individualistic living, which, as we have mentioned many times, is really taking a massive toll on our society right now. So being connected with these types of investors, first of all, completely changes the dynamic between a traditional property investor that is only looking at ROI and maybe pushing the community starter towards making decisions that are against the community in favor of just uh uh quick cash. And sometimes it doesn't even work for the long term, so it might be some quick cash and uh and then the project doesn't survive, which is not even good for financial reasons, anyway. On the contrary, uh, these types of investors really want to see communities to thrive and they want to see community starters succeed in this mission because it's their mission as well, just uh connect the world through community living. So, this is um a very, very big value proposition, and uh the way we solve that is really through this launch pad where you immediately get access to this uh pool of investors. And uh Gareth, do you want to talk a little bit more about the type of investors uh that will use the platform? Because I think it's really critical to understand how it's not just the money, it's really a completely different dynamic between the community starters and investors.
SPEAKER_00:Yeah, absolutely. And and this is where you know it's all about building the future, and and that's what we're excited about here at Co-Living Dow. And the co-living community starters are excited about building the future. That's why they're they're thinking about doing this and starting the communities. And so if you look at it from the property investor point of view, they're gonna be the type of people that want to support those community starters to build the communities of the future, those regenerative communities that take care of people, planet, and profit, right? And have those decentralized elements that give residents a voice to shape the communities. And for the investor, there are benefits beyond financial returns. Yeah, sure, they're looking for financial returns, a lot of them. And um, this is a great opportunity to generate financial returns, actually. So it's not that we're not generating financial returns. This could be a very lucrative investment, but primarily from these investors' point of view, they want to they want to see the social benefits and the environmental benefits as well. They want to invest in things that are gonna improve human well-being and improve environmental well-being at the same time. So you might, from a technical standpoint, label them ESG investors, environmental, social governance, or the simpler description is often impact investors. There's a big trend in the investment community right now, and even at big corporate level, for investments that are gonna, you know, not just give us a return on money, but give us a social return, an environmental return, things that really improve society on multiple levels. And so this is co-living DAO is a big opportunity for those kinds of impact investors that are looking to heal the planet and enable human beings to thrive. And it starts with community, right? Where do you start? Community is the essential building block of all of these things, and so it's the best place to start, and so this is a huge investment opportunity to get the social return, the environmental return, and the financial return at the same time for property investors and connect them to those regen community starters who want to build co-living communities of the future that can regenerate people, planet, and profit.
SPEAKER_01:Yeah, we already spoke many times about the advantages of having this uh type of sharing economy in place. A co-living community is more sustainable, it's more regenerative, especially when the founders are creating the community specifically to achieve that goal as well. So that's why these uh investors are not just looking the next property project, make their ROI their little nice margin out there, and that's it. They really have a mission, they have a vision, they want to see a change in the world, uh, and that's what they're backing. So effectively, if you're a community starter, you want to have the right type of investors. I've seen so many calling spaces that eventually just failed because of a misalignment with investors. So money is just not um equal. Um, one million dollars or 100,000 or even 10 million, so to speak, uh, can be very, very different. So if you have 10 million dollars from one type of investors versus from a different type of investors, uh you want to be very, very careful who you're getting uh on board as an investor. Uh, and that's exactly uh what we're solving here at Cullivindau as well, ensuring that this alignment is there so that you will be able to have a much better communication with investors, first of all, a better input on the strategy moving forward, uh, and um a peace of mind that you know that you are effectively teaming up and working together as opposed to just having to demonstrate that you're doing what they want, and then eventually this type of um um unbalanced dynamic uh leads to problems which you want to avoid. So that's it for the fundraising functionality, which uh again in itself it may well mean the difference between uh becoming a co-living community starter or never really acting on your dreams or ambitions and uh just not being able to take it off the ground in the first place. The second very, very important thing, the second uh big challenge we address is really how to get it off the ground, how to actually set it up and manage that. Because as we mentioned before, Gareth, as well, there are some tools, there are obviously services, consultants, there's different solutions out there, but there isn't really a one-stop solution where you can get everything in one place, and with a system uh that is uh actually very, very functional for this particular type of regenerative communities as well, right, Gareth?
SPEAKER_00:Yes, absolutely. So we're we we have that system at CoLiving Dow that um complements the launch pad. So once you're in as a community starter and you're okay, you're ready. We've got the funding from the from the investors, the impact investors on the platform. So you've got that match. We've matched up the funding and the investors to the community starters. Okay, we're ready to go. Okay, so now we need a system. We need a system to run our new regenerative co-living community. Where do we go? Well, you're you're here, you've got it. We've got the one-stop shop. So the next thing is that we use the web 3 hub. And as a community starter, uh, you're a customer of co-living DAO. We provide you with that web 3 hub that has all the core systems that you're gonna need to get going to start. And that that core system is about providing you know all the basic functions that your co living residents need once you get the residents on board, and some of the community management systems that you're gonna need to run that co living community. So, how do residents make decisions? How do employees or building Managers connect to the system and make decisions on how they're going to run that community and provide these essential services. And it's all there on the Web3 Hub. All your core functionality is there.
SPEAKER_01:Yes, everything in one place. And uh we can expand more on the functionalities that we um have on the web3 hub as well, and then we'll uh get to the the third advantage right after that. So the web3 hub is uh first of all something uh that is powered by tokenized shares. Now, this is very important because we are building a um tokenized shares-based system because it's a decentralized management system. What this means is that people have the ability uh to effectively make decisions collectively through this um platform, and uh, we're not gonna go too much in detail on how exactly uh decentralized governance uh is playing out. We'll have a separate session on that in due course. But what you want to imagine is a platform where, on top of the normal management um functionalities that are needed, there's also the ability to utilize decentralization to your advantage. So that's a very big, big pro uh on uh on using this. Uh it obviously it comes through a desktop and mobile app version as well. So this uh Web3 Hub can be used from a computer, can be used from a phone. Uh, in fact, every resident uh and even investors will have access to this. Of course, they will have access through their profile, which will not include the property management functionalities and so on. But certainly, again, being it a one-stop solution, it presents a lot of advantages because of having uh the stakeholders, the people involved in the same place. So we have on one hand residents, then we have uh the staff, the management team, uh, and potentially every other employee that is uh working on the the Co-Living project as well. Uh, then we have investors and even partners can be invited to join the platform too. And so many different things can be done through this uh platform. So, uh Gareth, do you want to share a couple of functionalities that are really key in our Web3 Hub?
SPEAKER_00:Yeah, sure. So let's start with the residents. If you're a resident, you're gonna need some sort of tenancy agreement, right? You need to sign to say, I'm gonna come and live here, I'm gonna um I want to be part of the and taste what it feels like to be in a future community, progressive co-living. And so you need a tenancy. And because we're on web 3, one of the core functions for the residents is that you can have a tenancy smart contract. So, in effect, that in it, you know, in simple terms, that means instead of signing a piece of paper and sending it over, you're emailing a scanned document, you have a smart contract on the web 3 hub, and you go in and you authorize that smart contract to take place. So it's this is kind of like a semi-automated or automated solution for from the resident's point of view, and that means you know they just maybe open up a mobile app, click a button, and the tendency smart contract is initiated, right? It's made much, much easier uh through the system. That's you know one of the very first most important functions. And then as we go along from a resident's point of view, another function is that okay, I've I make my first monthly payment, call it a rental payment. Um then you can also then go into the app as a resident, and you'll see that you have now earned some shares in your co-living community, and you can see that and track how many shares you have and what the value of those shares is, and possibly, you know, how can I use these shares, these tokenized shares, to maybe access some partnership deals. Maybe I get a discount in the gym, maybe I can bring a friend over to stay, or in a spare room, you know, there could be a whole bunch of benefits that you can access through the app just by holding your tokenized shares. So those are some of the the core features from a resident's point of view. Or if you want to go into it from and look at the other angle from the staff's point of view, Dan, and and and what benefits they would get from that system, the Web3 Hub.
SPEAKER_01:Yeah, that's uh a very, very big advantage of this system. Let me expand on this as well now. First of all, uh, we mentioned tenancy smart contract. This means that first of all, the contracts are very, very secure, secure by the blockchain. And in fact, for a new co-living space, it can be a challenge to really keep track of all the contracts and make sure everyone is um paying rent on time, making sure that access is given to people that pay rent, access is um removed from the people that are no longer residents, and so on. So there's a lot of different things to really uh have a system for. Tenancy smart contracts can solve this very seamlessly because everything can be integrated through smart contracts, and people could be paying rent automatically, potentially, so you don't even have to worry about that, it's just coming through smart contracts, uh, and then access can be given or removed automatically as well. And these are just a couple of examples. So there's so many um possibilities once uh you're using the right technology, so that's a big advantage. Uh, and the property can be managed through smart contracts as well. So that's really uh whole very, very wide range of possibilities that is enabled by uh these new technologies, the blockchain-based technologies. And you mentioned Gareth, of course, payments. Payments can be done securely through fiat currency, of course, but also through crypto potentially. There's always a choice. And this means that again, payments can be very, very secure and uh very easy to implement, even to automate. And just like we mentioned so many times, one of the major, major advantages for everyone involved, really, um, including residents, is that residents are getting shares as they pay rent to live in a cool living space. So once residents pay rent automatically, they're gonna receive some shares. And it's amazing how many things residents can really do through the shares. Now, first of all, shares give access to dividends potentially. Uh there could be a share of the profit that is distributed through all the the shareholders, and as residents become shareholders, they may automatically just uh earn simply by by living in a community. So imagine you now have a community where your residents come in and they start earning as you earn as well. So all of a sudden, again, there's not going to be any sort of conflict between the residents and uh uh you as the co-living community starter because you're both earning when the co-living community is doing well. So forget all these um fights between landlords and tenants where tenants are trashing a place because they they hate the landlord. Uh, what if you have a coliving community and then your residents are actually not respecting the space? Your residents think, hey, I'm only gonna be here short term, why bother? Uh I'm gonna leave a mess and uh I'm not gonna be a good resident. So having the opportunity to have the residents aligned with your success because they become shareholders makes a massive, massive difference, and this can easily be managed through the Web3 Hub that we are offering here at CoLiving Dow as well. So all these things can be automated. In fact, there's so many incentives for residents to keep the shares as opposed to selling them because you may be thinking, okay, the residents they get the shares, they sell them, so they don't keep them. So what's the advantage? You're not going to be shareholders anyway. Well, first of all, some lock-in systems could be put in place potentially. Uh, so there is a choice to uh to lock the shares, but more importantly, there can be an incentive system, which is even better in many ways, because what if you do allow your residents to immediately sell the shares, but you give massive benefits to people who don't, to people who keep the shares? And first of all, yes, they're getting uh a profit share, as we mentioned before, but even without that, what if people that lock their shares so they don't sell them for a period of time can get a special discount in the bar and restaurant? What if these people can get other partner deals? What if they can get a rent reduction just because they own a significant amount of shares? Because obviously they can buy more shares as well. So what if they buy a bunch of shares and now they pay less rent, but you have all of a sudden another investor in your community as well? So the fundraising is really an ongoing process. Even once you raise funds, you can still see how some residents might come in and potentially buy more shares and be even more involved and so on. And every resident is potentially an investor as well. So these are so many advantages that you can discover once you utilize the system. And uh another very, very big one, of course, is uh the share governance. So again, uh we may have another session specifically on how governance works, but Garth, in a nutshell, do you want to explain the advantages of having a voting function in the same Web3 Hub as well?
SPEAKER_00:Yeah, and then this is great from and if we bring in the staff here as well, and I'll give a simple example, Dan, of of a situation that staff might face. So let's say staff have identified this amazing events partner and they want to do well-being sessions for the co-living residents. So the the staff then in a traditional co-living or a traditional property or event space might just you know have a meeting amongst themselves and go, right, what are the pros and cons? How much do they cost this this provider of the well-being events? And do we think this is a good idea? Okay, yes or no, okay, let's go. But on the on the Co-Living Dow Web 3 hub, and you the shared governance voting functions, staff are voters in this web 3 hub, and residents can also vote as well. So staff can put in a proposal for this well-being events provider and say, hey, we want to run 10 weeks of well-being sessions for residents. This is what this particular partner offers. What do you think? And then the Web3 Hub, the Co-Living Dow Web3 Hub, will provide a basic decision-making system on there for shared governance, like a voting function, for example, to say, um, okay, here are the here's the resident votes. This is how residents are gonna vote, and then it will collect that information through the shared governance function, and the proposal would either be supported or the proposal might be um rejected and say, Well, we need some changes to be made here. Maybe we need that provider to offer another two sessions, for example, not just eight weeks. We want to we want to have 10 weeks and then it would it would pass. So it this makes it really seamless from the staff point of view because you can engage with your residents and your residents are gonna be engaged because they get to take part in the decision making. You know, how did good does it feel to be a resident in the place that you live? And you get asked, Hey, do you like this? Do you like this these events? Do you do you support this? Is this something you want to see? And so it it makes the whole thing much easier. That shared governance function makes makes it so much easier for staff and for residents to be aligned. Um and and that's the beauty of the whole system in a nutshell, right? Everyone is involved, everyone has ownership, and everyone gets the gains too, which is amazing, and all through shared governance and effect.
SPEAKER_01:And there is such a strong sense of belonging when someone's voice is heard. I've seen so many calling spaces that either don't get feedback at all, or if they do, uh they don't necessarily honor that or take it properly in the first place. Whereas when people's voices are truly, really heard, people feel that they're part of a community, people feel they can shape the future and the present of the community, which means they really are gonna have a complete different mindset. And that's the type of community you want to create. You don't want something that is purely transactional, where people pay their money to stay for maybe a short time and then leave without even integrating in the community. You want a community, you don't you don't just want a glorified hotel or a glorified flat share, otherwise, it wouldn't be here in the first place. So, this is something that makes the whole difference, and that's why we've integrated these key functionalities in the Web3 Hub as well, so that people's voice can be heard and people can have a say. And there's all sorts of different decisions that can be made, uh obviously not limited to uh events and so on, but this is a very good example of uh what a community decision may look like uh and how easy and seamless it is to uh make it through the platform. Everyone can submit a proposal as well. So beyond the voting system, really the ability to suggest something that people will eventually decide on. Uh, and imagine the peace of mind that you have knowing that whenever you make a choice, uh you're making that uh together with the community. So you know that ultimately it's uh what the community wants as well. So uh big, big alignment that uh we're creating between the residents and yourself as the community starter. And there's a lot more as well, but this gives you a good idea, I believe, of uh why use cool living Dow and uh in particular what the Web3 Hub is going to do for you. And not having that means having to rely on uh very uh either transactional or scattered systems that are not necessarily scalable or in place. And what if you want to create more than one community, for example? Because some of you community starters, maybe you're thinking big, you want to build a network of communities, a federation of communities. Why just one? So the scalability of the system really allows communities uh to uh duplicate, uh to really proliferate, making sure that uh what's been done already for one community can be done for multiple communities, and that we're creating some fantastic synergistic effects as well. So even just if you only create, say, one community, let alone if you create more, uh, even then you're not alone, even then you're part of a broader network or a broader federation of communities, and this opens up to a lot of significant advantages, Gareth. Do you want to expand on this?
SPEAKER_00:Yeah, absolutely. So we talked about the benefit of community inside a co-living dial community and that shared governance function, but that that community benefit also extends outside of the single co-living community to the federation of co-living DAO communities. It's a community within a community, in effect, right? It's a community of communities, and on the so on the Web3 hub, these hubs are going to be connected to any other co-living DAO community in the Federation. And this starts to unlock some pretty cool benefits. And if you imagine one of the really simple benefits, if you're a resident, you're familiar with living in a co-living DAO community, and you love it, right? You love having a voice, you love having the ability to put proposals in and to vote on proposals and get the events you want to you want to see in your community. But you also might think, well, you know what? Uh you know, I live in the east of the city, but maybe I want to move west. And I just heard there's a new co-living DAO community in the west of the city. Well, I know how it works, I'm familiar with it. I love this, I love the experience of having a voice in my community. I'm gonna go live there because that gives me an easy way to move into another community in a slightly different place, but in the same city. And I'm but I'm gonna be familiar with it. It's gonna be uh its own community, sure, in a different location, but I'm now familiar with the systems and and the community culture and how it all works, and so you have that benefit in the in the federation just by being a resident in one co-living community, and and so that you know that really starts to change the game from a resident standpoint, but then being part of this community of communities unlocks other benefits as well because everyone's on the same system, the same hub, and they're interconnected, and they're actually through the co-living Dow uh system, they're interconnected through tokenized shares. And again, this is a complex topic. We can have an entirely separate session on this, but what it means in effect is that these communities are sharing resources with each other as and when it's needed. That shared governance function can come into play, and the the community in the east side of the city might start to share resources of all different kinds with the community in the west side of the city, and they're connected through this interlocking tokenized share system. Each owns chairs in the other, either directly or indirectly, which enables governance to happen from the co-living DAO community in the east side of the city and in the west side of the city simultaneously, in order to share some of those benefits. So that's pretty amazing too. And the technical details uh uh are you know quite deep and quite broad, but essentially with a federation, you get this sharing function, a sharing of cultures, sharing of resources, and a whole bunch of other benefits start to get unlocked.
SPEAKER_01:Exactly, and uh this translates. Into massive advantages because when you join Co-Living Dow, you're effectively joining a federation of communities. So you're not alone in this, and your residents will know that there's other communities as well. What this means is that you're getting instant access to a massive pool of potential residents. In fact, that's the other big, big advantage that uh we wanted to share with you because as part of Co-Living Dow, what you're doing effectively is you're utilizing a system that is also used in other co-living communities. So people, just like Gareth said, already know how Co-Living DAO works. So, sure, there'll be some specifics about your particular community, but in general, people already know that there's gonna be an alignment in values, there's gonna be an alignment in how to live in a certain place, and they're familiar with the platform already. So rather than someone having to move into a new space and they don't know how life is gonna be there, how the management systems work, uh, they don't know if their voice is gonna be heard, uh, they probably don't expect any shares to be earned either. Uh all of a sudden they say, Hey, oh, this is uh a co-living Dow community, we already know how it works. We already lived in a co-living DAO community for a while. It's so simple to just go to another place as well. And uh, if you're thinking to have a relatively short-term community uh space, a co-living space, maybe um on a weekly or monthly uh or quarterly basis, imagine people leaving and then uh easily coming back as well. Maybe when they leave, they keep their shares and then they come back later on and they pay more rent, they accrue more shares, and so on. So being part of this network also allows you as a community starter to really uh have this access to this uh pool of potential residents so that you are not alone. And again, we're not gonna go um in too much detail on the advantages of the federation as a company, but certainly uh there's uh the opportunity for you to even hold some co-living shares, which means that you can potentially benefit from being part of this um federation from the success of the other communities as well. What this means is that you're really not alone, you're in a very strong federation, you're creating a community, you're part of a broader community, broader network, and this means that all the incentives are aligned and we can succeed more and more together. So, Gareth, shall we recap so that people that have been with us today can get a very clear picture of what we covered and uh why there's an opportunity for co-living community starters to join co-living DAO.
SPEAKER_00:Yeah, let's do that. So let's start with the co-living community starter. Let's say you're a listener and you like the idea of this, you want it, you're one of those future community builders, you want to start a regenerative co-living community. So you come on to the co-Living DAO launch pad, and right away you have a pool of funds because there's a bunch of impact investors, and they're like, Yeah, we we want to see these communities of the future be built as well. So you immediately get connected through those investors on the launch pad and you get your funds very quickly. And then you can go out and find your property and you find it, you rent your property, or you may buy your property, depending on what your preference is. Okay, great. So now I have a property. Now you can uh reach out to residents on the on on the Co-Living Dow launch pad, residents who are ready to live in a progressive future community, right? They they've they've already signed up as soon as the community becomes available, they want to they want to be there. So now you've got a pool of residents as well. You've got your building, you've got a pool of potential residents, and now you want to get your system so that you can run your co-living community. Well, you've got it. The web 3 hub is right there. And so you can start right away. You can start hiring staff, you can start um maybe interviewing potential residents if you're gonna set up some sort of application system for the type of people you want to live in your co-living community, and you can really start to do everything almost simultaneously by using the launch pad and then utilizing the systems on the web3 hub. So it's uh you know a one-stop shop, you're you're up and running and you're ready to go. And then once you've set up your community, oh, I'm part of a federation as well. There are other communities around. I can talk to some of these other co-living community starters, see you know, how do I do this? What's the best way to approach hiring staff? What's the best way to get the kind of residents that I want to live here, and all the other bits and pieces that go with running your community and making sure that this is the best place possible for residents to live in. And that's what the journey looks like in a nutshell. I don't know if you want to highlight any particular areas there, Dan, just to make it clearer.
SPEAKER_01:That's it. That was a perfect recap. And really having the ability to start your project, fundraise with high-quality aligned investors, uh, then have a turnkey blueprint for setup and management of your community, uh, instantly access a pool of potential residents again, aligned with your vision and so on, uh, and obviously being part of a broader federation. So these are the major benefits of joining uh co-living DAO. So if you're a community starter, if you're dreaming of having your own co-living space, whether it's a small scale, five to ten people, uh, whether it's a big scale, 500 people or more, or anything in between, uh, this is really your opportunity as well. Uh and uh if that's you, feel free to reach out. We'd love to uh speak with you and uh see how we can support you in this process as well. So, Gareth, I think we've given a very good picture of how things work. Uh, we will be back as usual next week with more content on uh co-living essentialization and how we're envisioning this regenerative uh future. Gareth, any final thoughts?
SPEAKER_00:Yeah, that's all for me, Dan. It's a really exciting session, and I hope it hopefully it painted a really clear picture for those community starters out there who want to get started and build these communities of the future. So, yeah, that was great. I really enjoyed that. Thanks very much for listening. Awesome.
SPEAKER_01:Thanks a lot, Gareth. Thank you so much, everyone, for being here, and uh we will be back with you next week.