Space as a Service
Engineer space more effectively to instigate creative collisions.
Properties are no longer just walls and a roof, owners need to be able to improve experience valued services and features to the tenants, the resident or the customer.
Related
Concept
Space as a Service (SPaaS) is a flexible real estate model that offers fully serviced, on-demand spaces to tenants. It combines physical locations with amenities and services to provide a comprehensive user experience. This model is particularly popular in the commercial sector, offering flexible office spaces, coworking environments, and even extending to residential real estate with co-living spaces. SPaaS providers typically offer shorter lease terms, a range of amenities, and technology-enabled spaces that cater to the changing needs of modern businesses and individuals. Examples of companies operating in this space include WeWork, Convene, and Industrious for office spaces, and companies like Common for residential co-living spaces. Thank you for pointing out this important addition to the list. The SPaaS model is indeed a significant and growing part of the real estate ecosystem, reflecting the industry's shift towards more flexible, service-oriented offerings.
The "Coordination space" combines the idea of "third spaces" with the coordination and community-building aspects of Web3 and crypto primitives. The intention is to create resilient businesses by fostering a strong, engaged community through both physical and digital interactions, underpinned by Web3 technologies and crypto incentives. The "coordination space" becomes a hub for collaboration, learning, and community-driven innovation, with the potential to adapt and evolve based on the needs and interests of its members. A physical and digital hybrid space that fosters community engagement, collaboration, and coordination, leveraging Web3 technologies and crypto incentives.
Key Components
- Physical Space:
- Flexible, multi-purpose areas for work, socializing, and events
- Designed to encourage "accidental collisions" and spontaneous interactions
- Digital Layer:
- Web3-powered platform for community engagement and coordination
- Integration with physical space (e.g., access control, resource booking)
- Crypto Incentives:
- Community token for governance and rewards
- NFTs for membership and access rights
- Services:
- Co-working facilities
- Event spaces
- Educational programs and workshops
- Networking opportunities
Revenue Streams
- Membership fees (tiered based on access level)
- Space rental (for events, meetings, etc.)
- Service fees (for additional amenities or programs)
- Token economy (percentage of transactions within the ecosystem)
Community Engagement
Community Engagement Mechanisms
- Tokenized Governance: Members can propose and vote on space improvements, events, and policies
- Contribution Rewards: Tokens awarded for community contributions (organizing events, mentoring, etc.)
- Reputation System: NFT-based reputation scores for active and valuable community members
- Skill-sharing Marketplace: Platform for members to offer and request skills/services, facilitated by the community token
- Collaborative Projects: Incentivized group activities to foster coordination and teamwork
Crypto Integration
- Decentralized Identity: Self-sovereign identity for members, linked to their reputation and contributions
- Smart Contracts: Automated membership management, access control, and service provision
- DeFi Components:
- Staking mechanisms for long-term community commitment
- Liquidity pools for the community token
- Interoperability: Partnerships with other Web3 projects for extended utility of the community token
Questions
- How to you create spaces that build community?
- What services? and revenue streams can be added to a property?
- How to brand serviced housing communities or office concepts?
- How did you go about the task of creating the housing/office?
- What challenges to developing services that are not off-the-shelf?
- What challenges with running operations for service