Introduction

Welcome aboard!

capneo DAO strives to be a new collaborative vehicle for a community-curated and decentralized global organization that aims at enabling newly designed infrastructure and property development projects in the Open Metaverse and in the real world. Decentralized Autonomous Organizations (DAOs) are more inclusive and responsive to stakeholder input, as every member has a say.

Infrastructure & Real Estate Market Insights

The world population of more than 7.5 billion and the demand for infrastructure developments in the real world and the Open Metaverse is constantly growing and so are the associated services and the innovative, decentralized financial products. The latter in turn has a favorable effect on the development of new infrastructures.

Infrastructure developments and especially real estate are some of the most significant stores of wealth dating back to the beginning of civilization. Their value is constantly rising both in the online and offline world. By the end of 2020, the total value of global real estate reached an all-time high of $326.5 trillion while roughly only 4.2% of the global real estate market is currently accessible. Real estate investments account on average 27% of the investment portfolio of high net worth individuals. The market has proven to stand the test of time and is often linked to generational wealth. The best infrastructure and real estate opportunities are still closed offers and entry barriers exclude retail investors.

As infrastructure is the world's largest, most illiquid, and highly sought-after asset class, the capneo DAO will strive to make it easily accessible by transforming it into a liquid asset class utilizing blockchain technology and cryptocurrencies. Current approaches of transforming illiquid assets into liquid assets are based on tokenization and fractionalization of real assets to make them tradable. Tokenization is the process of converting some form of assets into a token that can be issued, transferred, recorded, or stored, on a blockchain. This process converts the value of any tangible or intangible object into a token which can be exchanged along with a distributed ledger technology. To be legally compliant as a company using tokenization complicated, centralized legal constructions are needed, with a multitude of intermediaries involved who continuously deduct money from the property's revenue. Just to name some of them: custodian, bank, trustee, technical tokenizer, lawyers, market maker, platform operator, liability umbrella, prospectus etc.

The growth of an increasingly heterogeneous landscape for fractional investments in tokenized properties using security tokens and other approaches will continue to affect the infrastructure and real estate market. As the evolution of industries is triggered by the adoption of more efficient and innovative technology, it will also expose poorly designed financial products on a global scale. During this transition, it will be increasingly difficult for the investor to distinguish between viable, structured investment opportunities from bad ones. At their core, the majority of new companies entering the market have something in common: they are mostly centrally organized and therefore need to deal with high dependencies within their own value chain, at the end of which the banks, legal advisors, and technology suppliers are the winners. Designed purely as alternative investment vehicles, their operation also depends solely on building and maintaining their own technical and legal infrastructure. We consider these company setups neither as risk-optimized nor sustainable because the same technological backbones are being build multiple times not utilizing the advantages of already existing decentralized blockchain technologies. This is wasting resources, and hindering the development of decentralized, fair and transparent investment services for mass market adoption. For the investors we see an increasing risk to lose their money, as the business models are often difficult to understand, susceptible to the smallest changes in legislation, and, above all, in most cases based on performance marketing approaches. This means that a significant part of the returns is spent on attracting new buyers and competing, lowering the rental yields distributed to the investors.

Open Metaverse

Many Metaverses are emerging and forming the virtual infrastructure to create entirely new business models and experiences - ready to be combined and bring real-world solutions. The potential of these developments is deemed auspicious as it turns the crypto economy toward application-oriented models via gamification - so far one has to really understand e.g. DeFi before being able to use it. Over time countless solutions will emerge that will impact and transform entire real-world industries and our lives. We see Web3 as a natural complement to the values of a free and democratic society and are therefore committed to establishing the capneo DAO on this basis. capneo DAO is offering exposure to the development of virtual LAND via the Open Metaverse and its convergence with real-world infrastructure. The community has the potential to facilitate the creating, buying, developing, and selling of virtual property, related business cases and microservices for Web3.

Local Communities & Crypto Cities

Inspired by the Crypto Cities approach, just recently highlighted by Vitalik Buterin, capneo DAO's vision is to become a bridge-builder between the online and offline world for infrastructure development projects. By creating an impact-driven and sustainable ecosystem, combining the best of both worlds. We want to create a trusted community that empowers itself to shape the future of infrastructure developments in a way that enables all members to address problems that local governments cannot or will not address today. The basis for this can be the exploration of decentralized asset management and ownership distribution, created by the various projects to be decided, managed, and executed by the capneo DAO members. Thus, it can give people the opportunity to regain influence over what is going on around them every day. Local communities all around the world should (re-)gain the possibility to shape their virtual and real-world living environments in the best possible ways and to participate economically.

Our core mission is to become a vertically integrated infrastructure development community for the Metaverse and the infrastructure development economy. The capneo DAO could manage and execute a wide range of projects which support local communities in property acquisition, property development, sustainable infrastructure development in the online and offline world. All of this can be framed by related Web3 (micro) services based on a strong partnership structure in both worlds and by economical participation at the same time. We see a world transformed by blockchain technology, where the boundary between digital and real interactions and business models no longer exists and where all our actions are connected.

Today, there are several exciting crypto-city projects dealing with the foundation of completely new urban ecosystems to be built in order to address a variety of different municipal structural problems. The main issues are complex and not easy to solve. The following issues are mostly addressed: Lack of transparency in the management of taxpayers' money by local governments; governments that don’t put your needs first; education of kids and students being left behind; little regard for environmental impact; congested streets and high CO2 output; unaffordable healthcare; too many closed-door-decisions by local government; lack of housing and ownership as one essential basis to build up wealth; water scarcity; housing shortage and formation of social hotspots resulting in unsafe, disconnected and unsatisfied communities; implementation of modern, affordable and sustainable infrastructure and mobility concepts; more direct participation in municipal decision-making processes through new electoral structures and much more.

The crypto-city projects are impressive projects that can certainly have an important impact as beacons and provide inspiration for municipalities. However, we believe that these planned and mostly self-contained ecosystems and their findings cannot just be transferred across the board to other city ecosystems that have been established for many years, as the existing cities have to overcome very individual challenges to which such approaches cannot be arbitrarily transferred. We believe that it is easier to find an individual city where there is public interest in adopting a particular solution to a specific problem than to convince the city to become a crypto-city immediately.

We see that people's desire for politicians to focus on local issues will come to the forefront again. COVID-19 is strongly driving these desires of local communities for more transparency and more direct influence on decisions about their living environment is growing inexorably. We see multiple ways in supporting this via the capneo DAO, either acting as project developer and global investment DAO directly for and with selected communities and/or as a partner for local communities challenging existing problems and finding the best solutions. Still, we believe that a close partnership with the various crypto-city endeavors is giving us the relevant insights to solutions that may then be adopted by other cities around the globe and within the Metaverse as well. Especially the approach of bridging the online and offline world will create many new possibilities and new ways of thinking which will let emerge hybrid solution approaches unimaginable today.

The DAO

We envision the capneo DAO as decentralized, transparent, and intuitive as possible. The aim is to build an easily understandable Web3 based ecosystem to achieve maximum democratization and thus unleash the power of a purely community-driven system - framed by a proven governance and voting structure.