I've been interested in crowdfunded assets for a long time. This was something I assumed crypto would help with because of permissionless capital formation. But I've come to be quite bearish on crowdfunding approaches, because the demand-side assumption is "people will buy this hard-to-get, hard-to-understand, illiquid asset if only there were an easier way to get their hands on it." Categories that have been attempted include SFR (single family rental), commercial equity, commercial debt, renewables... I never bought that assumption because most of those assets are idiosyncratic, hard to understand, and hard to diligence. "Buy what you understand" is one of the most famous Buffetisms, and people generally invest in things they (think) they understand. And on the supply side, why would someone pursue capital on a brand new unproven platform and raise money from faceless masses rather than trusted partners? Unless, of course, they suck at raising money, which means crowdfunding is an AMAZING adverse selector. The least-informed investors will meet the least-capable issuers, and we'll try to take a vig on introducing these hapless fools! So what's the pro-case? 1) if the issuers / sellers pretty much ALL suck at raising capital because of some market structure failure 2) you as the platform can solve that market structure failure; and 3) the asset is actually pretty easy to understand, so you as the platform don't have to do a bunch of education about how the asset works Crypto should *waves hands* be a pretty powerful weapon for solving #2. So what are the assets that meet criteria (1) and (3)?