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