Turning Houses Into Tokens and Disrupting Real Estate with Web3 | Jerry @ Lofty | #130

Real Estate is the perfect example of how Blockchain technology solves a specific real world problem. There are long transaction times riddled with fees, costly down payments and it’s not a liquid market. Lofty is solving this problem by creating a marketplace that enables anyone to purchase a fraction of a house and share ownership of it.

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Name: Jerry Chu

Twitter: https://twitter.com/PMDBT

Website: https://www.lofty.ai

⏱ TIME POINTS ⏱

0:00 - Intro

7:00 - What is the problem with the legacy Real Estate system and what is Lofty doing to fix it?

12:43 - How does Real Estate on the blockchain work?

22:22 - The Lofty marketplace

27:35 - How does the DAO ownership part work?

33:53 - What are the voting rates on decisions?

37:51 - How deposits and conversions work

40:30 - What if you don’t like the decisions being made?

42:16 - Self-custody?

48:20 - Rate of sale on Lofty

49:10 - Donating rent

50:25 - Adoption of fractionalized real estate

54:50 - Where to find out more about Lofty

56:44 - Speed round