Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) – Ryan Pineda’s Tykes NFT Sets Stage to Cash in ‘Billions’ From Real Estate Tech Boom

Technology has disrupted every other industry except real estate.

It is according to Ryan PinedaCEO and founder of Thinksa non-fungible token (NFT) making the rounds for being “one of the highest trending” projects on utility and interest – among the likes of “Bored Apes and CryptoPunks.”

Pineda and Amr Samaha, co-founder and COO of the project, spoke with Benzinga about how Tykes will serve as the launch pad for Web3 and blockchain in real estate.

Team analysis: Pineda’s name may sound familiar because he has amassed a massive viewership Alphabet Inc.-owned GOOGLE GOOG YouTube, where he shares wealth tips.

Pineda also hosts masterminds such as Pinball of the future, where he met Samaha, an architect and property developer. The two became friends and realized they could use technology to strengthen their real estate efforts.

In real estate, “the billions will be made through the technical side of things,” Pineda said. “I wanted to start and own some of these technology companies that will change the game.”

More on Web3: Web2 is often referred to as the version of the web that introduced social platforms and interaction between users.

With Web3 comes financial incentives (i.e. tokens) that help communities create contexts for projects to launch and grow, as well as users to monetize their input.

NFTs are an example of such tokens that live on blockchains. They are visual representations of ownership in this new iteration of the internet.

Pineda’s foray into NFTs was mainly “expensive” and “cost almost a million dollars.” But the more money he spent learning about NFTs, the more interesting the value of the utility-based versions became to him.

“I bought an NFT that gives holders the right to buy membership to a golf course,” Pineda said. “You have this community of people who are interested in golf and they are interested in using crypto and NFTs to allow voting as a community.”

Pineda now aims to use NFTs to engage his “high-level community of like-minded people” on new investment opportunities and partnerships.

He later founded a project and called it Tykes, a play on the word tycoon, drawing individuals from the likes of Neflix Inc NFLX and The Walt Disney Co-owned by Lucasfilm.

The goal is to “make sure every aspect of the project was done right,” Samaha added.

“Flawless Execution”

“A lot of these Web3 people aren’t that smart if you look at how poorly these projects are run over the long term,” Pineda said in a discussion of “how flawlessly” some thought Tykes was executed.

Originally available through a credit card pre-sale, the NFTs could be purchased, pre-assembled, at a lower price. Through these pre-sales, the project brought in over $2 million, helping to offset costs incurred during development.

“When it came time to mint, all NFTs were sold out and we were number one trending after 24 hours,” Pineda added. “I can’t remember working almost 24 hours a day, 7 days a week in a very long time. It’s necessary for the success of the project now, and I’m excited about the plans we have for our holders.”

NFT Benefits: For holding a certain number of Tykes’ NFTs, users gain access to things like the “boardroom,” which is billed as “the most exclusive room in the project’s ecosystem.”

“The people in this room want a say in the future of the Tykes,” Pineda explains. “They will also have access to agreements and opportunities” that may relate to the property ventures in which he is engaged.

NFT holders will have exclusive access to massive events like “the first ever real estate and crypto event with crazy guest speakers and amazing networking opportunities.”

Bonus offer: Also available is a $1.5 million Pineda purchased for members when they visit Vegas, as well as a marketplace for the community to list products and services they sell, using a native cryptocurrency TYCOIN/USD to settle transactions.

“TykeTank, our version of Shark Tank, is something that Samaha is also very excited about,” Pineda said. “It’s a place for community members to submit their ideas and businesses.”

Samaha noted that he believes the biggest takeaway is that Tykes “gives the community the opportunity to bring leaders to the forefront and create businesses that will shatter.”