PARQ Street
1. Could you explain what PARQ Street is for those who might not know? What are its core mission and values?
Park Street is focused on tokenizing real estate, particularly in the lifestyle and boutique hotel & resort sector, starting with properties like the Tuscany National Resort & Club in Cortona, Italy. Park Street’s business model is to attract and build a global community of travel and crypto enthusiasts through tokenized real estate assets, offering income through tokenized interest payments and allowing token holders to buy, hold, or trade tokens. In addition, Park Street and its affiliate PARQ Street have created a global membership model focusing on the PARQ NFT, giving NFT holders unique benefits at Tuscany National and future Park Street properties worldwide.
Mission:
The mission of Park Street is to revolutionize the real estate and hospitality industries by using blockchain to democratize access to commercial real estate, including luxury resort properties. The goal is to provide a seamless, compliant, and globally accessible platform for people to participate in the hospitality real estate market while creating an exclusive lifestyle experience for PARQ NFT members.
Core Values:
- Innovation: Leveraging Plume’s cutting-edge blockchain technology to disrupt traditional real estate and hospitality models, ensuring efficiency, transparency, and liquidity for investors and members alike.
- Community: Building a global network of like-minded users, members, and professionals who share a passion for real estate, hospitality, and the benefits of a tokenized economy.
- Sustainability: Creating lasting value not only for our users but for the communities and locations we develop by ensuring responsible, eco-friendly real estate practices that enhance the locales where we operate.
- Integrity: Conducting all operations with full compliance and transparency, maintaining trust with future investors and members through secure, tokenized assets and clear communication.
- Luxury and Lifestyle: Offering a premium lifestyle through our properties and memberships, where members enjoy exceptional hospitality, high-end facilities, and curated events that foster connections and unforgettable experiences.
2. What are the key benefits of PARQ Street? In what ways can it be utilized by individuals or corporations?
Benefits: Access to tokenized commercial real estate through an experienced developer and operator with a long track record of success. Income through tokenized interest payments, liquidity in an asset class that is traditionally illiquid, and membership benefits through the PARQ NFT. Global community, networking with like-minded individuals, and future Park Street investment opportunities.
Individuals: Have access to commercial real estate, which was traditionally only available to institutions. A way to diversify crypto gains into a more stable asset class. Opportunity to join a community of like-minded individuals and be on the forefront of a global technology revolution.
Businesses: The ability to deploy institutional capital with a qualified developer and asset manager, diversification through blockchain technology, transparency, and security. Corporate events on Park Street properties, to name just a few.
3. If someone is interested in partnering with PARQ Street project, what are the first steps?
Contact us! We are always interested in hearing about ways to partner and collaborate.
4. How did you get into crypto?
During COVID, the institutional capital markets were at a standstill. My wife, who worked at Roofstock, was tokenizing single-family homes and selling them. We realized we could apply this to our commercial real estate projects and tap into a new source of capital that was global and very active. It is a vibrant and enthusiastic community. We did our research and jumped in head first. We have never looked back.
PARQ Street x Plume Network
1. What prompted your decision to develop on the Plume Network?
Our decision to develop on the Plume Network was driven by a combination of their innovative technology and the forward-thinking, dynamic team that aligns with our business model. As we continue to revolutionize the real estate sector through tokenization, we need an ecosystem that is not only cutting-edge from a tech perspective, but also scalable and compliant with evolving regulations. Plume’s team showed us time and time again that they’re the right ecosystem and the right team to work with.
2. What do you think is the main benefit of Plume Network that differentiates it from other RWA chains?
Plume’s ecosystem stands out due to its scalability, compliance, and innovation. As real estate tokenization grows, a platform that can handle increased transaction volume, adapt to regulatory changes, and provide a robust, secure environment for high-value assets like real estate is crucial.
3. Looking ahead, what aspects of this collaboration with the Plume Network are you most enthusiastic about?
We see tremendous value in putting assets on Plumes because it’s geared towards an RWA ecosystem, having a wider range of assets for investors to participate in. With Plume’s infrastructure, we can launch a more streamlined and frictionless way to invest, which will give us the ability to scale our real estate projects on a safe and secure blockchain. We are excited to offer our community and users access to DeFi protocols within the ecosystem so they have more dynamic functionality with their tokens.