Jerry Chu 🍊 @PMDBT Twitter profile

Pinned Tweet

Jerry Chu 🍊

1 month

We're launching on @ProductHunt again for our instant trading and staking features! If you've enjoyed using these new features on Lofty, please go make an account and show us your support by upvoting the launch and leaving comments. Let's see if the

3

11

65

Last Seen Profiles

@Binkyofficial

@bokeplokalmalam

@elisekfore

@DrZobo

@Devan_Kaney

@sono423397

@panda_vrc

@janis_eitner

@Ravenwithurmom

@STopinion

@brad_hartselle

@MarkSmitty74

@UGACoachLanders

@Akademika_no

@rafsandi_id

@KHardingAcademy

@CryptoBrain26

@sama_rthya

@therealswak

@mewmew_komachi

@MyaSaheb24

@chief_filice

@pokeca_chokin

@COVENANTOFICIAL

@airdrops_io

@Rimmingparadise

@Okaykimichi

@DiamondBFilms

@FAndrusom

@antippas_w

@vedat_002

@talalyy_83

@pumpkinartist8

@noa_roa_04

@HardingAcademy

Jerry Chu 🍊

@PMDBT

4 months

The smart VCs always ask me why I think @lofty_ai will be the exception to the rule, where every #fractional or #tokenized real estate platform failed to get big enough for a great venture outcome. It comes down to this: Does your product only convert people who couldn't afford

5

43

550

Jerry Chu 🍊

@PMDBT

2 months

Every VC or founder I talk to in this space always ask me why we use #Algorand at @lofty_ai . #Ethereum L2s didn’t have the right UX for mainstream adoption, so we tried a few L1s, #Solana included. At the time, I tried 7 consecutive transactions for only 1 to go through. We’re

Vini Barbosa

@vinibarbosabr

2 months

I take back this statement. Solana is complete garbage. Not only from a moral/ethical standing point (with all the red flags that I already knew), but also from a user perspective. I'm trying to make a payment with, so far, FOUR failed attempts. F It doesn't work. It's broken.

111

106

754

17

168

436

Jerry Chu 🍊

@PMDBT

7 months

@wagieeacc You should try #Algorand . I never get into the maxi wars because I genuinely don’t care and it doesn’t matter to our product. But the truth is in the 3 years we’ve used Algorand, the chain has never had issues, transactions are fast and settle quickly, gas fees are fractions of

10

67

280

Jerry Chu 🍊

@PMDBT

5 months

@alz_zyd_ @lofty_ai We actually looked into this before we started. There actually isn’t a good way to do this without blockchain for what we think is necessary to succeed here. These are just a few of the key details: 1. You need transactions to be public records and people can look up their

47

67

226

Jerry Chu 🍊

@PMDBT

2 years

Hey #algofam , here are my person thoughts on discussions around creating a fund to repay victims of the recent myalgo exploit. I personally wish that every single victim will be made whole in time, but I wanted to bring up something that folks might not be considering. Until

29

88

251

Jerry Chu 🍊

@PMDBT

6 months

I guess the news broke about @lofty_ai Slowly but surely, one house at a time. Sure it's cool getting some recognition once in awhile, but we're just getting started. Step 1 is building the base so that investing in #RWA is easy and provides at least the same experience as

Algorand Foundation 🐍

@AlgoFoundation

6 months

Two Algorand companies are leading the way for RWAs and real estate tokenization: @lofty_ai and @vestaequityvpm . Lofty CEO, @PMDBT and Vesta Equity CEO, @mjcarpentier , share their insights on how real estate tokenization works on @CNBC . Watch the interview from 2:31:

44

220

686

7

54

215

Jerry Chu 🍊

@PMDBT

1 year

Some updated stats for #tokenized #RealEstate on @lofty_ai : - The platform has cumulatively generated $2,102,880.09 USD in rental income earned from all the properties for our users. - Users have collectively re-invested $512,580.10 USD of the rental income back into more

13

56

201

Jerry Chu 🍊

@PMDBT

6 months

@Mrbobo79 @GladneyJak @algotabasco We are building something that will let people pay with USDC on any chain and it’s automatically converted and settles to USDCa on Algorand. Won’t be a problem soon :)

12

52

207

Jerry Chu 🍊

@PMDBT

5 months

We're writing a blog post to address this video. Unfortunately Kevin is using the incorrect numbers in his calculation and doesn't see to understand how the structure works. That could be partly our fault as there are things in the UI we can leverage so people are less likely to

TheOwl.algo

@AlgoTheOwl

5 months

Congrats to @lofty_ai for the bad press from @realMeetKevin 🔗 The vid is rife with misinformation but it's cool to see an #Algorand #RWA platform be (poorly) dissected; this is an opportunity to educate the misinformed in comments! #Algofam

21

9

83

34

41

207

Jerry Chu 🍊

@PMDBT

1 year

While our new AMM and liquidity pool feature on #Algorand has been delayed from our original projections, I’m super excited to announce that our team at @lofty_ai has started testing the alpha internally this week! 🎊🚀 I believe this is also the first time that a brand new AMM

Jerry Chu 🍊

@PMDBT

1 year

Words cannot describe how excited I am for Q2 of 2023! It's taken some time, but it's crazy to think what we envisioned almost 2 years ago is about to become a reality. #realestate meets #DeFi 🤯💪🏡

9

34

148

12

48

182

Jerry Chu 🍊

@PMDBT

6 months

First milestone for the liquidity pools have been hit. All organic too. No VCs or foundations helping to seed like with a lot of other dexes. Onwards to the next million! #RWA

Lofty

@lofty_ai

6 months

We just passed $1,000,000 in organic TVL in our liquidity pools! 🏡💧 Lofty LPs make buying & selling real estate as easy as buying & selling stocks & crypto 🔥 A world's first. Only on #Algorand Stake USDC against property 👉 #Algofam #algo #RWA #RWAs

14

56

208

55

36

185

Jerry Chu 🍊

@PMDBT

6 months

This will be long, so read it only if you're genuinely curious about #RWA in web3 and why we're building @lofty_ai in this particular way. I regularly invite our users to chat with me and I always ask them in these calls whether they know what a REIT is and if they do, why do

updog

@wats_updog

6 months

@AlgoFamily @nmadon65 @OysterPack @lofty_ai @vestaequityvpm @travelx__ @agrotoken @Quantoz @HesabPay_ @DaffiWallet @PlanetWatchsas @PiPhi_Network @Algorand @PMDBT Not random, there are specific REITs for different areas/housing types. In theory, the ability to pick and choose individual properties could be useful. But in practice, I think most investors will prefer a larger subset of the market than a single property for risk management

2

0

2

8

58

179

Jerry Chu 🍊

@PMDBT

5 months

Super excited to announce that we've rolled out Algo staking for the liquidity pools on ! When you stake $ALGO it's converting them behind the scenes into $USDC and staking those for you. The reverse happens when you withdraw. Staking demo

18

52

156

Jerry Chu 🍊

@PMDBT

10 months

It's live @lofty_ai ! We hope you'll enjoy this new feature as much as we did building it 😀 Try it out at - new AMM architecture on #Algorand designed for lower volatility for #RWA . - Connected #DeFi with ownership in houses. Web3 people can stake USDC

Lofty

@lofty_ai

10 months

Liquid real estate is here 🚀 👉 Introducing the world's first liquidity pools for real estate, powered by #Algorand Buy/sell real estate instantly just like stocks & crypto Connect @PeraAlgoWallet or @deflyapp wallet & stake USDC against US properties

25

134

322

12

36

161

Jerry Chu 🍊

@PMDBT

3 months

Excellent news! I know from the Discord chatter at @lofty_ai that our existing users are loving this news and I'm sure it'll make our new user onboarding much easier as well. Congrats to the teams on each side for pushing this through!

Coinbase Assets 🛡️

@CoinbaseAssets

3 months

Coinbase has enabled send and receive support for USDC on Algorand. We are excited to keep expanding multi-network USDC availability.

184

499

1K

3

22

160

Jerry Chu 🍊

@PMDBT

10 months

Lots of exciting news coming out for @lofty_ai this week and I can’t wait to share them with the world!

13

29

158

Jerry Chu 🍊

@PMDBT

1 year

Words cannot describe how excited I am for Q2 of 2023! It's taken some time, but it's crazy to think what we envisioned almost 2 years ago is about to become a reality. #realestate meets #DeFi 🤯💪🏡

Lofty

@lofty_ai

1 year

Liquid real estate is coming 🚀🏡 #algofam $ALGO @AlgoFoundation @Algorand

24

98

295

9

34

148

Jerry Chu 🍊

@PMDBT

5 months

It's out :) Read it and judge for yourself. It's long and detailed, but this should answer all the questions and concerns people have.

Lofty

@lofty_ai

5 months

Our official response to the recent @realMeetKevin video:

52

98

304

14

27

144

Jerry Chu 🍊

@PMDBT

5 months

@alz_zyd_ Check us out over at @lofty_ai for tokenized real estate. It’s a pure marketplace and properties are run and managed by their owners through a DAO LLC. Thousands of our users and over 150 available tokenized properties would disagree with your claim :)

9

24

145

Jerry Chu 🍊

@PMDBT

3 months

I think this is a net negative. There is a lot of platform risk for a business given that $USDC is centralized. In March 2023, Circle informed us that they would be reviewing our account as a normal part of their compliance review each year. No big deal right, as this is

MJ.algo

@AlgoFamily

3 months

Two different blockchains with two different views of $USDT. @Algorand vs @Voi_Net I’ve personally always preferred $USDC from @circle , but what are your thoughts? Is @Tether_to not being MICA compliant forcing them to focus on indie chains?

11

13

88

27

20

144

Jerry Chu 🍊

@PMDBT

1 year

Things are starting to look really good on the developer side for #Algorand . I hope this is actively developed and maintained. If so, I see a lot of adoption with new builders in the ecosystem.

Joe Polny

@joe_polny

1 year

The TEALScript dev preview has been released! TEALScript allows @algodevs to write smart contracts in native TypeScript syntax. Tools like VSCode, ESLint, and Prettier are supported out of the box! Check out the getting started guide:

11

37

132

6

28

135

Jerry Chu 🍊

@PMDBT

6 months

Another quality of life update for our users! Users have previously told us that they would like to see the current operating reserve balance for their DAOs as well as what the "full" operating reserve value is. We released a quick update where you can now view the "current

8

28

137

Jerry Chu 🍊

@PMDBT

11 months

We're getting closer than ever to the official launch of the AMM and liquidity pools on @lofty_ai ! Our team is compiling a list of users to participate in our closed beta test this week. If you signed up for the waitlist at early, you'll receive an email

Liquid by Lofty

Meet the world's first liquidity pool for real estate. Blend real world asset stability with DeFi upside.

liquiditypool.lofty.ai

Jerry Chu 🍊

@PMDBT

1 year

While our new AMM and liquidity pool feature on #Algorand has been delayed from our original projections, I’m super excited to announce that our team at @lofty_ai has started testing the alpha internally this week! 🎊🚀 I believe this is also the first time that a brand new AMM

12

48

182

7

39

134

Jerry Chu 🍊

@PMDBT

5 months

People have been asking me for a tutorial on how to use @lofty_ai and how to get started on the platform. Well, here it is and don't be shocked, it really is that easy! If you want to invest and own individual #RealEstate properties instead of passively investing in a fund,

Lofty

@lofty_ai

5 months

If you’ve been waiting for an excuse to start investing with Lofty, here it is! 🥳 Starting today, you can earn $500 extra on your first Lofty investments. Choose between Airbnb's, horse ranches, apartment complexes, land, and more. Learn more 👉

5

43

161

4

45

134

Jerry Chu 🍊

@PMDBT

10 months

There have been and will be many “firsts” at @lofty_ai . This new property launch is special because it’s not only the first California property and first #LosAngeles property, but also physically close to home for some of our team. Seeing our product and progress in a tangible

Lofty

@lofty_ai

10 months

Our newest #tokenized home in Los Angeles is now live! 🌴 The property owner is leasing the property back from investors on Lofty & paying rent as he sells his equity 🤝 Another world's first, only on #Algorand 🌎 #algofam $ALGO #RWA #tokenization

3

63

209

7

31

128

Jerry Chu 🍊

@PMDBT

1 year

Another small step on our journey towards becoming the real estate super app🦄🏠🎉

Lofty

@lofty_ai

1 year

We're excited to launch the world's 1st #tokenized Luxury #Airbnb property! 🏙️ ✅ Townhome built in 2021 ✅ Listed by a Lofty user & Airbnb Superhost ✅ Tokens start at $53 #Algorand continues to lead the way in tokenizing #RWAs 🚀 #algofam $Algo

26

109

342

7

18

123

Jerry Chu 🍊

@PMDBT

2 months

So the story here is that we have a user who's spent a decent amount of money on @lofty_ai investing in #RealEstate . He introduced us to a friend of his, who is a real estate investor and owns a few properties in his portfolio, to see if friend might want to become a seller on

5

29

121

Jerry Chu 🍊

@PMDBT

7 months

On @lofty_ai , owners of properties have true control over their assets. Cumulatively, there have been hundreds of governance votes conducted since we've launched. You can view the historical governance decisions of a #DAO on the property's description page. Some DAOs have voted

14

31

116

Jerry Chu 🍊

@PMDBT

2 years

I previously responded to @JTinvestsInYou 's post, but my thread ended up all out of order, so reposting again here. The issue is there is a difference between the ease of building an app vs the ease of building a scalable company.

JT Media

@JT__Media

2 years

Unpopular opinion. #Algokit will do more for #Algorand than any marketing. Better dev experience will lead to more devs, more devs will lead to more dapps, more #dapps increases the likelihood of a “killer dapp”. That’s exactly what $ALGO needs and I can’t wait.

16

23

210

6

35

119

Jerry Chu 🍊

@PMDBT

2 years

🎉 Amazing news for the $algo community! With more developers joining, we'll see new community-built templates making building with the #AlgoKit more of a breeze! This positive feedback loop is sure to take the ecosystem to new heights 🚀 #Algorand #cryptonews #developers

Algorand Foundation 🐍

@AlgoFoundation

2 years

Hello World … #AlgoKit is here! We’re excited to launch the world’s most comprehensive, easy-to-use dev tool suite for building Web3 apps on Algorand. AlgoKit was designed to be an easy onramp for Web2 devs looking to switch to Web3. Start building 👇

54

314

797

2

19

112

Jerry Chu 🍊

@PMDBT

1 month

I'm really excited to showcase something along the recent theme of showcasing what our users think about @lofty_ai . As we continue to grow the number of properties listed and traded on the marketplace, it has become harder and more time consuming for our users to find properties

7

26

113

Jerry Chu 🍊

@PMDBT

1 year

Honestly our product isn’t even meant to be an on-ramp or off-ramp for USDCa. We just built it because there are so few user friendly alternatives. We actually lose money right now per transaction. It was also a product decision because when we launch the new liquidity pools,

algonauts.algo 🐍

@TheAlgonauts

1 year

@Coop_Daniels I’ve just been using Lofty to transfer in and out USDC. No fees this way, but does take about 5 biz days

0

11

17

110

Jerry Chu 🍊

@PMDBT

1 month

We’re in top 10 now! Thank you all for the support. We have 9 more hours left until the positions are finalized for today’s launch. Let’s keep the momentum going :)

Lofty

@lofty_ai

1 month

Lofty is now LIVE on ProductHunt! 😸 #algofam we need your help to be the Product of the day 🚀 No other blockchain has had a product reach #1 . Let's make #Algorand the 1st and get thousands of new #ALGO users onboard! Comment+Review 🙏👇 #RWA #RWAs

22

77

193

5

24

112

Jerry Chu 🍊

@PMDBT

5 months

Now it's getting spicy! I always knew if we were focused on the product and build the best real estate investing experience, we'd convert actual real estate investors who are jaded with the outdated real estate market. I did NOT expect to convert users who like crypto and stocks

7

27

107

Jerry Chu 🍊

@PMDBT

1 year

Wait until you guys see the second one 🤯😉 By far one of the nicest property on the platform. More and more sellers are coming to us with nicer listings in class A neighborhoods. It's only a matter of time before our users can brag to their network that they own mansions haha.

MJ.algo

@AlgoFamily

1 year

ICYMI: @lofty_ai launched the world’s 1st tokenized luxury @Airbnb property. Guess which blockchain they used… @Algorand . $algo #RealEstate

6

32

118

4

20

106

Jerry Chu 🍊

@PMDBT

6 months

Ok this has resonated with some people. So when I say WE are building something, it’s actually @suave_money_ , which is another @OrangeDAOxyz company, that are building it. We are just integrating them into our rails. Can’t take credit when we don’t deserve it. Go give them some

Jerry Chu 🍊

@PMDBT

6 months

@Mrbobo79 @GladneyJak @algotabasco We are building something that will let people pay with USDC on any chain and it’s automatically converted and settles to USDCa on Algorand. Won’t be a problem soon :)

12

52

207

8

27

106

Jerry Chu 🍊

@PMDBT

5 months

Finalized governance vote to install solar panels to a property owned and managed by a DAO on @lofty_ai . These votes happen on a very regular cadence. I've lost track of how many cumulative votes our platform has handled at this point. It's the reason why we're so confident

4

15

100

Jerry Chu 🍊

@PMDBT

10 months

Haha what's the saying? If you're not embarrassed😅 by your first launch, you've launched too late? Thanks for the patience #algofam , you should be able to stake USDC without KYC in all the released pool now. Please try it again if you encountered an error originally. My DM is

Lofty

@lofty_ai

10 months

We fixed a bug causing some users to be unable to stake $USDC with @PeraAlgoWallet or @deflyapp Now you can stake USDC against U.S. properties. No KYC or ID Verification required. 👉 👈 Learn more - #algofam $ALGO #algorand

5

29

132

7

16

99

Jerry Chu 🍊

@PMDBT

6 months

@patrickbennett @suave_money_ @OrangeDAOxyz That will be a component of it. But the idea is once integrated, not only can people just pay with USDC from any supported chains, they can also pay with any ERC20 token including meme ones etc. Everything is converted into USDCa and we can then settle those through our smart

7

19

100

Jerry Chu 🍊

@PMDBT

1 month

Another interesting observation about our users today recently. We have a channel within our company #slack workspace that shows notifications of orders our users make in real time. It's just something we keep an eye out on for abnormal orders as well as help motivate the team.

7

21

96

Jerry Chu 🍊

@PMDBT

5 months

@jaltma What's the rationale here? Just that you can never compete on compensation as a startup vs large companies, so it's usually a waste of time?

3

4

90

Jerry Chu 🍊

@PMDBT

4 months

It's not everyday you get to hear your own user evangelizing the product you built on a local radio station! It's a sign that our product at @lofty_ai is resonating with people! Funny enough, I get asked the two following questions pretty frequently by people, including VCs.

6

21

92

Jerry Chu 🍊

@PMDBT

5 months

If you go through some of the case law rulings here, you’ll notice a very nuanced detail. Management matters. If you have “some” management rights, it can still be deemed a security. If you have most of the management rights, it’s not enough, not even if it’s 99%. The only way

Bailey Simrell

@baileysimrell

5 months

This was a good paper that was linked to by somebody in the Lofty Discord ... making some good points regarding both arguments for and against Limited Liability Company Interests As Securities: Unfortunately, this paper is also 28 years old ... I

3

0

2

6

16

91

Jerry Chu 🍊

@PMDBT

3 months

We've had many users over time asking about how they actually legally own the properties they purchase on @lofty_ai or how they've actually signed any agreements between them and their co-owners. So, I figured this topic deserves its own video. The simple answer is we've

0

25

89

Jerry Chu 🍊

@PMDBT

2 months

We're on a roll recently at @lofty_ai ! Presence in another new state, this time in #Utah . #Ogden is funny sounding name for a city. It's also where you have to mail physical copies of tax returns to the IRS if you're based in some specific states and filing returns physically.

Lofty

@lofty_ai

2 months

A new #tokenized vacation rental in Utah is now live! 🏞️ This is the 13th #airbnb property we've launched, with many more coming soon. #Algorand is the hub for #RWAs . No other chains even come close 🥇 #Algofam #algo #RWA #defi

3

20

101

4

16

89

Jerry Chu 🍊

@PMDBT

1 month

It seems like we've built something sellers really like so far. There are still a lot of work to do, but in general, most sellers tell us they want to sell more real estate on Lofty after their first listing. Sadly, not all of them have the supply count, but the ones that do

Lofty

@lofty_ai

1 month

A popular seller on the marketplace, Arrio Granum, just launched is 4th property in Las Cruces, New Mexico! Arrio is selling a portion of his equity to investors via our unique Co-Ownership model 🏡🤝 🕍 1190 Ridgetop Ave -

5

14

59

2

17

88

Jerry Chu 🍊

@PMDBT

8 months

First property in New York State live on the @lofty_ai marketplace now! Another state under our belt. I'll come back to this tweet at some point, because one day we'll be everywhere in the country.

Lofty

@lofty_ai

8 months

Our first ever property in New York is now live! 🗽 ✅ 4-unit vacation rental 🌇 ✅ Managed by an #Airbnb Superhost 🤝 ✅ Historically significant building in Albany, NY 📜 #Algorand #ALGO $ALGO #Algofam #realestateinvesting #RWA #realestate #DeFi

14

48

155

4

13

87

Jerry Chu 🍊

@PMDBT

1 year

Proof that I wasn’t kidding when I said pretty much any real estate structure can be done on Lofty 😉 This one might be a bit unaffordable for the average person, but if you’re interested in staying in wine country #NapaValley for a part of the year without the cost of full

Lofty

@lofty_ai

1 year

Introducing the Edinburg Estate! 🏰 The world's 1st opportunity to Co-own & vacation at a #tokenized luxury home 🎉 Located in wine country: Napa, California 🍷 #RWA possibilities are endless on Lofty: the real estate super app 🦄🏠 Built on #Algorand

7

40

159

3

17

86

Jerry Chu 🍊

@PMDBT

3 months

Better late than never! When we were in @ycombinator 's summer 2019 batch, there wasn't an official way to launch publicly like this. So, we're doing it now 5 years later! If you've enjoyed using our product so far or if you've been interested in what we're building @lofty_ai ,

Lofty

@lofty_ai

3 months

#algofam we need your help to become the #1 Upvoted company on Y Combinator's "YC Launch" list! 🚀 The more upvotes, the higher we rank on the list. The higher we rank, the more people learn about Lofty & #Algorand 🤝 Click below to Upvote 🙏 #ALGO

33

90

238

4

16

85

Jerry Chu 🍊

@PMDBT

1 year

Ok, as promised, here is the second #tokenized Airbnb property on @lofty_ai 's marketplace. All the photos you see are actual photos including the furniture. I might even take the team here for an offsite one day so we can swing in those hanging chairs outside together. Fun

Lofty

@lofty_ai

1 year

Our newest #tokenized Airbnb property is now live! 🌄 Introducing a Luxury Mountain Home with amazing views, hot tub, and sauna located in Black Hawk, Colorado 🏂 🚵‍♀️ Tokens starting at just $50 ⚡️ Only on #Algorand 🚀 #algofam $Algo @bchesky

14

61

263

4

18

86

Jerry Chu 🍊

@PMDBT

4 months

You’ve got to admit, the properties are looking nicer with each new launch. Btw, second property in the state of #NM !

Lofty

@lofty_ai

4 months

Introducing a new #Airbnb rental equipped with solar panels, a hot tub, game room, and more! This property is managed by a Superhost and is ranked as a Guest Favorite with 4.95/5 stars. Invest now starting at just $50!👇 #algofam #algorand #algo #rwas

4

26

103

2

15

84

Jerry Chu 🍊

@PMDBT

5 months

This is certainly already outlined if you look in our terms of conditions and the learn center on how things work. In fact, when users buy ownership of a property, they aren't even given the tokens until they sign the co-ownership agreement, which outlines their responsibility

Bailey Simrell

@baileysimrell

5 months

@Donkey_DAO @PMDBT @lofty_ai If there is indeed a "more than enough evidence" to prove that users manage their own properties and have 100% absolute control, now would be a good time for Lofty to outline that I'm not rooting for a failure here and would love to be proven wrong with facts

2

1

4

2

21

83

Jerry Chu 🍊

@PMDBT

9 months

Genuinely curious here and not aimed at AlgoExplorer specifically. With all the traffic explorers get in general, why don’t they monetize by running ads?

AlgoExplorer

@algo_explorer

9 months

We tried to give AF all the possibilities. To date, we have been operating under a budget of $65k per quarter from AF grant, despite being paid less than this in reality. AF was informed that maintaining AE for 2024 costs ~240k of which a significant portion goes to cover

63

8

63

13

3

82

Jerry Chu 🍊

@PMDBT

2 months

Our newest property is also the second only commercial property on the platform! But, this one comes with a billboard that also generates revenue. @lofty_ai bill board ad coming to a location near you soon?

Lofty

@lofty_ai

2 months

Now Live! A renovated 8 unit mixed-use property, reminiscent of a 1950s Route 66-style motel! 🏨 This property earns revenue from 7 residential units, a clothing store, and advertising revenue from a billboard on-site. Invest now starting at $58 👇

4

11

66

2

18

81

Jerry Chu 🍊

@PMDBT

5 months

Highlighting two new things on @lofty_ai ! 1. We've improved the charting modal on the platform to better reflect the higher trading volume and liquidity from the AMMs. You can even zoom in on a specific part of the chart for more granular data. 2. We're testing a feature that

6

18

79

Jerry Chu 🍊

@PMDBT

2 years

I'm so excited about this new feature for our users and even those in the broader ecosystem. One of the consistent complaints our users have had, especially from those who are not crypto native, is the volatility of using cryptocurrencies for transactions. Stable coins make a ton

Lofty

@lofty_ai

2 years

Today we're launching our beta solution to easily on-ramp and off-ramp between fiat and $USDCa. This beta solution is not only important for Lofty users, but is vital for the #Algorand ecosystem as a whole and will help speed up mainstream adoption 🚀 1/3

31

92

325

3

14

79

Jerry Chu 🍊

@PMDBT

11 months

Just sent out the first batch of emails for the closed beta of the new PMM and liquidity pool feature at @lofty_ai ! We'll only be whitelisting ~50 users for this. Can't wait to see actual users playing around with this!!!

Jerry Chu 🍊

@PMDBT

11 months

We're getting closer than ever to the official launch of the AMM and liquidity pools on @lofty_ai ! Our team is compiling a list of users to participate in our closed beta test this week. If you signed up for the waitlist at early, you'll receive an email

7

39

134

3

20

75

Jerry Chu 🍊

@PMDBT

1 month

Let’s go!

Algorand Foundation 🐍

@AlgoFoundation

1 month

We're on a mission to get @lofty_ai to the #1 spot on ProductHunt! #AlgoFam , it's time to show your support. Why does this matter? Being #1 on ProductHunt will help Lofty amplify its impact, reach more people, and bring new users to Algorand. Upvote and review now ⤵️

26

84

295

2

11

76

Jerry Chu 🍊

@PMDBT

1 year

People travel and stay at Airbnbs all the time. But, how often do they get to stay at one that they also own? This is the flexibility @lofty_ai brings to the #RealEstate ecosystem. Almost any real estate structure can be built on top of our governance and payment rails. #RWA

Lofty

@lofty_ai

1 year

Now you can enter to win a free weekend getaway at our recent property launch: a Luxury Airbnb in Atlanta, Georgia! 🌆🥂 This is a unique opportunity to experience a stay at a property you're also an owner of 🤯 Enter to win here: #Algorand $algo

1

12

67

3

17

75

Jerry Chu 🍊

@PMDBT

7 months

We’re finally in Austin!! Honestly, I thought we’d have a property on the platform from this city earlier, but better late than never! 🎉🍾

Lofty

@lofty_ai

7 months

Lofty is now in Austin, Texas! 🌄 Introducing a 5 bedroom, 4 bathroom New Construction home with a beautiful open-concept kitchen 🧑‍🍳 Rented to a tenant paying $3,100/month 🤝 #Algorand #algofam #ALGO #realestateinvesting #DeFi #tokenization #RWA #RWAs

3

25

153

1

10

74

Jerry Chu 🍊

@PMDBT

1 year

This is really cool! An actual one click node solution for #Algorand ? Will play around with this over the weekend

Shiva prasad

@imshivaprasad_

1 year

NodeManager is going to be a complete package including the public status page.

6

8

40

3

15

72

Jerry Chu 🍊

@PMDBT

28 days

😀

13

4

74

Jerry Chu 🍊

@PMDBT

26 days

Another new market for us

Lofty

@lofty_ai

26 days

Introducing a new #tokenized Vacation Rental managed by @earlvanze - a popular Co-Owner on Lofty & Superhost on Airbnb 🔥 This is the 15th #Airbnb rental we've launched so far! Tokens start at $50 🎉 Invest now: #algorand #RWA #RWAs #algo #algofam

3

20

88

4

15

79

Jerry Chu 🍊

@PMDBT

8 months

Honestly pretty impressive. A lot of web3 KPIs can be gamed easily. It's why we focus a lot more on tried and true traditional KPIs at @lofty_ai . Would love to see more of these stats published for more chains and see how the real "adoption" is actually trending.

Nodely

@AlgoNode_io

8 months

Any guesses as to what #Algorand metric is on the chart ? 🚀250% of what it used to be 6 months ago. 📈

10

22

117

3

13

71

Jerry Chu 🍊

@PMDBT

9 months

First ever HELOC structure on @lofty_ai and also first property in #Oregon state! Bet people didn’t know that you’re not limited to just selling a property on Lofty. You can do so much more! Come talk to us about your #RealEstate needs.

deltaneutral.algo

@Alarconm2

9 months

Check it out, you can invest in my house so that I don't have to use a bank. Who knew crypto was good for more than just monkey JPEGs :)

8

11

70

2

17

68

Jerry Chu 🍊

@PMDBT

3 months

This was my first and, probably, last time flying with @airfrance . We were traveling with a 7 month old baby and booked a separate seat for him on the flight. He has a baby seat that’s certified and accepted by all the airlines. We also called ahead of time (weeks ahead) to

19

8

69

Jerry Chu 🍊

@PMDBT

2 months

Now you can see much returns each pool you've participated in is contributing to your total returns. This will help users gain greater insights into their lending activities and help them redistribute liquidity where it's needed the most, which happens to be the ones with the

Lofty

@lofty_ai

2 months

Two new updates have been made to the Staking portal based on your feedback: 🏡💧 1️⃣ Now see the Avg. 30 day APY for $USDC and Property Token staking 2️⃣ Click the "Account" tab to see your Total Rewards from staking per property Staking portal 👉

1

14

66

4

14

69

Jerry Chu 🍊

@PMDBT

10 months

The closed beta is officially live! We just sent out the first batch of emails to onboard users who opted in last week. I don’t even have words to describe how excited we are at @lofty_ai to finally put this in the hands of our users, even if it’s likely buggy and only on

Jerry Chu 🍊

@PMDBT

11 months

Thanks to everyone that confirmed their opt-in. Waitlist is closed now. We'll send out an email with a guide + tutorial next week for you guys to onboard to our dev platform. We may open more spots for the beta in the coming weeks, so stay tuned!

0

4

34

4

18

69

Jerry Chu 🍊

@PMDBT

6 months

Yes they legally do, but would have to KYC to abide by US laws. People still don’t quite grasp how @lofty_ai works. You legally own the property, we DO NOT. You are just buying properties and selling properties from and to other people, exactly like how the actual real estate

7

12

69

Jerry Chu 🍊

@PMDBT

6 months

How to know when you’re building something with impact that can replace the traditional #RealEstate market? When you have repeated buyers but also repeat sellers 😀 #RWA

Lofty

@lofty_ai

6 months

Another one... 🔥 Introducing a renovated home located in Dunedin, Florida 🌴🍹 The property owner is selling a portion of their equity and continuing to manage the property 🤝 We're taking over the game. Only on #Algorand 🥇 #algofam #algo #RWA #RWAs

8

24

144

2

17

67

Jerry Chu 🍊

@PMDBT

1 year

Very interesting development today from a US court on #DeFi . We will be reviewing the details @lofty_ai to see if any changes need to be made for our own upcoming AMM and liquidity pools. Seeing the courts care about nuance in the details of how the code practically works and who

Kathryn Haun

@katie_haun

1 year

On the Uniswap dismissal today Today’s decision out of SDNY highlights the extent to which some in the federal judiciary appreciate the uncharted territory on the applicability of securities laws to an asset class as broad as crypto. For example, the judge: *Recognizes

38

191

549

1

13

66

Jerry Chu 🍊

@PMDBT

6 months

Another happy user spotted in the wild! 🎉 We’re building something so that he can automatically roll the rents into staking for even more compounded yield if he wants to 😉

2

15

63

Jerry Chu 🍊

@PMDBT

9 months

A happy user spotted in the wild! This is why we do what we do! A lot of our users are already in the traditional real estate industry. If they’re flocking to us, you should probably ask why 😉

Austin Thompson, Realtor

@austintrealtor

9 months

I’ve tried almost every fractional real estate platform I’ve found. @lofty_ai is by far my favorite. Staking crypto and providing value to homeowners.

9

27

131

0

13

65

Jerry Chu 🍊

@PMDBT

2 months

Absolutely true! I’m already seeing owners doing unique things through governance on @lofty_ai that they come up with on their own. For example, the owners of this property voted to redirect some of the cash flow to buying excess equity by paying down the

Paul Graham

@paulg

2 months

When you start something like Airbnb, people don't just use it to rent existing spaces. It enables them to create new spaces as well. Starting a marketplace is like making a tool. People will use it in ways you never imagined.

69

114

2K

3

15

64

Jerry Chu 🍊

@PMDBT

2 months

Look at that! This marks the first one for #Vermont ! One state closer to presence in all 50 states 😎

Lofty

@lofty_ai

2 months

Introducing Killington Cabin: an enchanting wood-beam haven in Vermont's Green Mountains! 🏔️🏂 This Vacation Rental is located less than 2 miles from the slopes and has done $120k in revenue so far in 2024 ☃️ Property page: #algorand #algofam #algo

7

24

96

4

12

64

Jerry Chu 🍊

@PMDBT

3 months

I try to stay neutral on #property launches, because I don't want my opinions to sway users on our platform, as they're responsible for picking their own properties to buy. However, this one was just too cool! It's now officially the nicest property on @lofty_ai . I mean, it's

Lofty

@lofty_ai

3 months

It's finally live! Introducing a multimillion dollar #Airbnb rental w/ $120k in revenue so far in 2024! 💸 ⛳️ 6-hole putting green 🏀 Basketball court 🏓 Pickleball court 🍻 Swim-up bar Tokens start at $50👇 #RWA #RWAs #algorand #algofam #algo

11

28

151

2

16

63

Jerry Chu 🍊

@PMDBT

11 months

We get a lot of international submissions to our marketplace actually! This is the first test to see what our user base thinks. If people want this, we’d be more open to letting on more international listings. Overall, expansion will still be slow and steady as regulations in

Lofty

@lofty_ai

11 months

Introducing our first international property located in the ever-popular vacation spot: Tulum, Mexico! 🏝 ✅ Hotel condo in the 5 star Blue Luxury Hotel 🌆 ✅ Less than 2km from the beach 🏖 ✅ 10% Rental Yield 💸 Only on #Algorand #algofam $algo #RWA

11

59

203

4

13

62

Jerry Chu 🍊

@PMDBT

3 months

As we continue to grow and add in new features to improve the platform at @lofty_ai , certain aspects of the platform sadly get more complicated over time. We always try to simplify information, so that anyone can feel comfortable interacting with all the features we has to

2

11

62

Jerry Chu 🍊

@PMDBT

5 months

You can already do this 😅

OysterPack🐍

@OysterPack

5 months

@PMDBT It would be awesome to buy property tokens using $ALGO as payment. That would help remove friction for $ALGO holders by automating the $ALGO conversion to $USDC behind the scenes.

1

2

14

3

60

Jerry Chu 🍊

@PMDBT

4 months

Yep, we knew ahead of time that the LPs would be one of the most important but difficult part of the roadmap to get right. But the future it enables if we got it right is incredible. We were previously playing catchup feature wise to traditional real estate. The proliferation of

Kyle Leese

@leese_kyle

4 months

The @lofty_ai wealth effect, powered by co-owned properties and liquidity pools, is in full swing. Here are five properties, recently launched, where 100% of the initial buyers are up from the par at $50. 1. 88 Madison - $71.19 / 42% 2. 12615 Jackson - $61.08 / 22% 3. 27 Pillar

1

20

78

1

12

60

Jerry Chu 🍊

@PMDBT

4 months

There aren't that many condos on @lofty_ai , so it's always great to see more and offer greater choice and diversification to our users. Another one in Austin, TX as well!

Lofty

@lofty_ai

4 months

Now open - a luxury condo located in Austin, Texas with an 11.8% rental yield 🏙️ Buy just a fraction for $50 and collect your first rent payment later today! Lofty lets you easily invest in rental properties without getting locked in (or out).

4

35

154

0

9

59

Jerry Chu 🍊

@PMDBT

1 year

Things are progressing along nicely. This is by far the feature I’m most excited about building in the last 2 years 🎊

Lofty

@lofty_ai

1 year

Lofty Liquid is coming soon! 🚀🏡 Refer your friends to Lofty Liquid to move up the waitlist and get early access to Property Staking 🤝 Click below and enter your email address to get your referral link 👇 #algofam #Algorand #algo $algo

6

9

46

2

13

54

Jerry Chu 🍊

@PMDBT

2 years

This could provide a much higher ROI than certain marketing efforts. 1M USD spent in this way would get so many services to include Algorand and drive a lot more entrepreneurs to the ecosystem, which lead to an influx of high quality dapps in the future.

4

54

Jerry Chu 🍊

@PMDBT

4 months

Quick quality of life update for our users on @lofty_ai this week! We got feedback that it was hard to extract useful information from the order book of a tradable property. So, our team got to work and added new buy and sell tags for order types, so users can track the

3

15

57

Jerry Chu 🍊

@PMDBT

7 months

Talk to users and build build build! Everything else is irrelevant. Seeing posts like these out in the wild reaffirms that we're on the right path!

CryptoTrainer.algo | NEVER in your DM's

@CryptoTrainer2

8 months

Thanks to @Algorand and @lofty_ai , I just invested in high end real estate in the same amount of time it takes you to conduct a simple Google search. But please, tell me more about how your favorite blockchain is actually changing the world. The Nasdaq of real estate, built on

8

27

105

3

11

56

Jerry Chu 🍊

@PMDBT

5 months

Join me this week if you have questions for me on @lofty_ai and you can learn and check out @namefi_io too!

Namefi.io 🍊

@namefi_io

5 months

Hey ever wondered about what can fractionalising domain assets unlock things unimagined before in Web2? Join a space with @lofty_ai and Namefi on fractionalising real estate! 🏠🥷

4

13

26

0

17

56

Jerry Chu 🍊

@PMDBT

4 months

Hmmm… if only there was a better way to do this where you can get the best of both worlds @lofty_ai 🤷‍♂️

tendo

@ThetaChungus

5 months

I bought a property in 2022 for cash and sold it last year for a small profit. Here’s what I can tell you. Being a landlord sucks and the returns are not comparable unless you are levered 5-1 If you like property, buy a reit, let someone else be the landlord and have a beer

36

9

386

1

7

55

Jerry Chu 🍊

@PMDBT

2 years

@StokesNeuro Hi Mark, I don’t know you, but came across this tweet randomly. It’s left a a powerful impression on me and I hope I can be even half as brave as you when my time comes.

1

52

Jerry Chu 🍊

@PMDBT

25 days

We usually don't do releases on Fridays, but we're just really excited about this one. The new list view is live now on Lofty and will be the default view of the marketplace moving forward.

4

23

72

Jerry Chu 🍊

@PMDBT

2 months

Highly recommend to founders and folks even thinking about starting something in my network. @lofty_ai would have died a long long time ago, were it not for the network + learnings we got from attending @ycombinator . First ever fall cohort too!

Garry Tan

@garrytan

2 months

We are doing our first ever YC Fall Batch. Applications are due August 27 and the batch starts September 29. If you’re ready to start your company now you don’t have to wait til our Winter batch anymore. It’s time to build your dreams. Let’s go 🚀

125

164

2K

2

5

47

Jerry Chu 🍊

@PMDBT

8 months

Keep the feedback coming folks! We actually do look at every single one

Lofty

@lofty_ai

8 months

Based on user feedback, we've added a few quick UI updates to the staking page - ✔️ Icons showing which LP's you've already staked USDC in ✔️ See the total # of property tokens staked in a LP, along with the limit for that pool #algo $ALGO #algofam

5

21

105

2

6

47

Jerry Chu 🍊

@PMDBT

7 months

Check out the new property on our marketplace if you haven’t yet. New one in #Florida . We’re expanding :)

Lofty

@lofty_ai

7 months

Lofty is taking over Florida 🏝️😎 Introducing a fully-occupied Duplex located just minutes from the beach in Dunedin, Florida 🍹 The garage is rented separately for extra cash flow 🤯💸 #algofam #Algorand #algo #RWA #realestateinvesting #tokenization

5

25

114

0

11

47

Jerry Chu 🍊

@PMDBT

2 years

Just making it easier for devs to build on Algorand is definitely a step in the right direction, but by itself won't be sufficient imo for rapid builder adoption.

4

2

45

Jerry Chu 🍊

@PMDBT

2 months

@D3ATH5T4R @lofty_ai @Justin_Bons Well, I'm no oracle when it comes to price forecasting. SOL may very well end up being a better investment than ALGO, but that's not the point of my post 🤷‍♂️

2

0

45

Jerry Chu 🍊

@PMDBT

7 months

Keep the feedback coming folks! A lot more coming soon

Lofty

@lofty_ai

7 months

Based on user feedback, you can now place multiple limit orders for both buy & sell orders on the marketplace 🔥 We have a bunch of new updates and improvements coming soon – all based on your feedback on Twitter, Discord, Telegram, email, and more 🫶 #algofam #ALGO #algorand

3

26

116

4

5

44

Jerry Chu 🍊

@PMDBT

9 months

We do not do this because it is easy. We do this because we thought it would be easy 😅

nader dabit

@dabit3

9 months

You’re a founder. You can raise: $100M building an L1/L2/infrastructure protocol, can launch a glorified testnet and personally cash out $100M - $1B with zero production users. $2.5M building an app that will struggle to gain users, chance of exiting close to zero. Choose 1.

126

58

816

2

43

Jerry Chu 🍊

@PMDBT

4 months

Thanks for the wonderful breakdown! 👍

Rian

@riandrns

4 months

Imagine owning a 'piece' of a luxury villa listed on #Airbnb . A night in this villa costs around $762.68. But with @lofty_ai , you can own equity in the villa starting from just $57. RWA on Algorand is going to be huge!

3

9

40

1

7

43

Jerry Chu 🍊

@PMDBT

8 months

Well put haha 😂 But this is kind of just how technology and business works. Most of the time when you hear something new, if you actually look into it more, that thing actually isn’t very “new”.

J Hole 🚽

@JHoleCreates

8 months

In this cross-chain RWA space like

4

15

95

2

42

Jerry Chu 🍊

@PMDBT

2 years

This is not the only problem that exists, but I believe it's an important one to address. For example, I'm confident if the foundation were to offer some reward (10k to 50k USD) to certain 3rd party services, they'd probably be more than happy to support Algorand too.

1

3

40