10 August 2023

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UNDR1ROOF Comes To Tezos: Alternative Crowdfunding To Help People Access Housing

UNDR1ROOF is a project by artists, for artists, that aims to help people who are at risk of becoming homeless. Funding is raised through donations, membership fees, and last but not least, NFT sales.

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UNDR1ROOF

UNDR1ROOF is a project by artists, for artists, that aims to help people who are at risk of becoming homeless. Funding is raised through donations, membership fees and last but not least, NFT sales.

Goal: paying the bills to prevent evictions, foreclosure of homes and the ultimate goal: buy back homes in foreclosure to give housing to the displaced.

COVID has disrupted many areas of life recently. The pandemic’s devastating effects have particularly affected the world of real estate — rents were canceled, homes foreclosed, and people with less disposable income became homeless and houseless.

With very few resources and a team of four including Micheal Arye, Ryan Holly and Dylan Hansen, the founder of UNDR1ROOF, a black female graffiti artist named Lädy Millard, decided to shift the way we think about housing.

Lädy asked the artists in her community to create NFTs (Non-Fungible Tokens ). The team has collected $1.8 Million in NFTs to date.

Artists from around the world have submitted conceptual houses that the team created into NFTs — currently being sold on various marketplaces such as Opensea.io and Foundation.

The funding is being used to simply house people. The team also formed an initiative called “The Meek Club” where $1 a month gives members access to voting rights and helps fund the creation of a DAO (Decentralized Autonomous Organization).

Lädy Millard has gone through multiple struggles in recent years including being displaced — after being arrested for protesting at Occupy Wall Street — The home she lived in was in disrepair from a pipe that froze and burst, flooding the entire first floor of her then 3 story home and artist studio.

There were little to no resources then too, but then Lädy Millard banded together every artist she knew and took a swift tactic of inviting them into the space to bomb the space.

The 53 Artists that came to rescue the space included such names as Ben Frost, Swoon, Wizard Skull, Shaina Yang & Kingbee to name a few.

The artists donated works and raised the money to fix the plumbing. The tactic was successful and UNDR1ROOF celebrated with a huge house party.

Fast forward 7 years later and UNDR1ROOF has now generously turned the idea of a community of artists across the world banding together on its head.

The team at UNDR1ROOF has housed two people in the last two weeks even though they are still in the fundraising stages. The first $300 they raised went to help house Alphonse Mendy ( Gambia Africa) & Peter Fowlin ( Jamaica West Indies) for a month.

“We live Undr1roof, “ says the artist who goes by the name Lädy — “What happens to the least of us is felt by us all.“

Initially starting out on Ethereum-based NFT platforms Opensea and Foundation, UNDR1ROOF is now expanding to Tezos-based NFT platforms Kalamint and Hic Et Nunc.

With the value of collections increasing and possible real estate on the horizon, UNDR1ROOF is planning to create a DAO to decentralize the governance of assets.

UNDR1ROOF also looks into the possibilities that STO’s might offer for management and decentralization of real estate. A DAO – STO mixture could be the ultimate solution for decentralized real estate management for organizations like UNDR1ROOF.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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