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
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
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
@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
@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
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
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
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:
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
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
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
@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 :)
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
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
🤯💪🏡
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
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
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
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
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
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
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!
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
🤯💪🏡
@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 :)
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.
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:
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
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?
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
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
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
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,
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 👉
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
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
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
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
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.
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.
🎉 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
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 👇
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,
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
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.
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
@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 :)
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
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
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
@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
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.
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
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
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
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.
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
,
#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
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
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
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
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
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
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
@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
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?
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
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
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
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
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!!!
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
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
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
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
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.
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.
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
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!
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
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
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
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
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
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 😉
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 😉
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
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
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
@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.
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
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
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!
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).
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
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
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
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.
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! 🏠🥷
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
@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.
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
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.
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
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!
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.
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.
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”.
Hmm… it’s almost like investing in real estate and then taking the income to re-invest in more real estate is a smart move, and that if someone is patient and disciplined, they’ll probably end up a millionaire.
To be frank, this is why we built
@lofty_ai
Of all the kids
@JaxNole_algo
@lofty_ai
@russiabot420
Currently $COOP volume is too low and price is too volatile for us to accept it as payment. None of our OTC trading partners would be able to settle it either and we don’t want to drain liquidity from the community through dexes. The rental income payout could be viable though.
Now anyone in the
#Algorand
ecosystem can participate in staking against
#RWAs
(there's some pretty juicy yields so far) without needing a
@lofty_ai
account, KYC, or figuring out how to on-ramp $USDC 🥳
Let us know if you encounter bugs, we hope you enjoy using this as much as
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!
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!!!
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
But most of the time, those services also support
#NEAR
or
#Arbitrum
among other relatively newer chains. But Algorand is almost never included. This makes building an actual legal and compliant business on Algorand much harder than on some other chains.
Check out this podcast I was on recently with the
@NuViewTrust
team chatting about
@lofty_ai
and
#Tokenization
of real estate. If you didn't know, you can actually directly purchase real estate using your IRA and other retirement accounts for additional tax benefits. A few users
Because you have to build all sorts of internal tools on Algorand instead of just using things that are plug and play. This ends up wasting a lot of your time, so you build and grow slower as a result. As a result, entrepreneurs who are thinking of where to build
If dev tools increase, that's certainly good for the community as it makes it easier for devs to build on Algorand. However, that alone won't fix the issue. There is another big issue for folks who want to build on Algorand, which is the lack of access to 3rd party services.
@Andrew__Ashur
@lofty_ai
Thanks for the support Andrew! Expect parts of the beta to still be janky, but our team is doing live updates over the next week or so to stabilize things. The core features of staking, un-staking, buying, and selling through the
#AMM
should be working fully. Our hope is that
So, most companies end up using 3rd party services that already exist. You pay them some money and boom, it's integrated and you don't have to worry too much. The problem is in our experience, almost NONE of these reputable 3rd party services support
#Algorand
out of the box.