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.


This episode is part of our “WEB3 PODCASTS FOR BEGINNERS”
playlist on Spotify. If you're new to web3, click HERE and make
sure to hit the + button to add the playlist to your library. If
you find the playlist helpful or think we need to add other
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GUEST INFO


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