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 episodes, please let us know on Twitter (link below). 🤝 HELP US GROW 🤝 Follow/Subscribe to the Web3 Academy Podcast 🔥SUBSCRIBE TO THE WEB3 ACADEMY NEWSLETTER & PRO REPORT  👥 JOIN OUR COMMUNITY ON DISCORD  🐇 Go down the Web3 Rabbit hole with our FREE Web3 Foundations Course ✊ FOLLOW US ON SOCIAL! ✊ 👉 Web3 Academy Twitter 👉 Kyle’s Twitter 👉 YouTube 🚀 SPONSORS 🚀 Lens Protocol: It's time to switch to web3 social with Lens 🎙 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