algorose.algo

Algorose uses AI to blend the beauty of America’s finest rose gardens with the style & texture of iconic California.

[algorose.algo @AlgoroseNFT]

https://t.co/jjA6Bu4VdE Forever

[Jerry Chu 🍊 @PMDBT]

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 they prefer to pick and invest in their own properties vs having passive exposure through a REIT.

In general, almost everyone I've spoken to knows what a REIT is and they're coming to Lofty specifically because they don't want to invest in a REIT or be a passive investor in a fund in general.

Some of the responses I've gotten from people are:

1. Lack of transparency, you have to completely trust the REIT managers to pick the best properties and to operate them in a way that's advantageous to you. Turns out, lots of people aren't comfortable not knowing exactly how their money is used.

2. The high management fees a REIT charges. People who actually dive into the financial disclosures and know how REITs work, don't like the fees they're taking from the investors. This was eye opening for me, because a user who was the most adamant about this actually works for a REIT and said "he would never invest in a REIT with his own money, because he sees how they extract value from investors". On Lofty, you keep 100% of your earnings. We only make money through trading fees.

3. The ability to bet on very specific markets. There are some REITs that focus on specific asset types, but there aren't enough micro REITs that let you bet on a particular city or a particular neighborhood of a city. Single family housing is one of the few asset classes that a retail investor can outsmart institutional investors in, because of the information asymmetry. Even with the best analytics, a large firm just won't have as much information on a property or neighborhood as some guy who walks his dogs everyday in that area past the same houses. So, based on what our users tell us (most of them already own their own rental properties outside of Lofty), their own portfolio often out performs REITs year over year.

The single-family rental market is responsible for roughly $1.05 Trillion in annual transaction volume here in the US alone. It turns out that the majority of that volume, roughly 70%, is from retail mom and pop investors. Think an older couple who owns a house next to a collage campus and rent it to students etc. Only 30% of the volume are from institutional investors, including REITs. So, it's not true that the average person would prefer to invest in a REIT, it's actually the opposite.

We are not building Lofty for everyone. There are genuinely people that would prefer passively investing a REIT and that's totally fine. We're building Lofty to serve the 70% of the market that prefers to buy and manage their own rental properties. We do that by taking every part of the real estate investing process and making them 10x better.

Building on the #Blockchain allows us to deliver that promise and create features that don't exist in traditional real estate markets.

For example, Lofty is the only place in the world where you can buy direct legal ownership in a house instantly with the same user experience as buying a share of $AAPL on Robinhood , thanks to the automated market makers and liquidity pools we've built for the platform. This level of instant liquidity has never existed in the traditional real estate period and it never will. Owners can also stake their property ownership and earn rental income from the property as well as yield from staking. This type of financial outcome also doesn't exist in the traditional real estate market.

This is why a lot of our users are existing real estate investors. They're quickly realizing that over time, as long as a property they want to invest in is on Lofty, there are 0 reasons why they should invest and own it outside of our platform through the traditional way.

Long term, our goal is to convert the 70% of single family rental volume transacted annually by retail investors to our platform, becoming the world's first real estate exchange.

[algorose.algo @AlgoroseNFT]

Earthquake felt in Boston. Looks like others reporting feeling something in NYC and Chicago.

[algorose.algo @AlgoroseNFT]

I sleep so easy with my $Algo investments. It’s an obvious eventual winner in the #crypto world.

[Algorand Foundation @AlgoFoundation]

📣 Calling all Python developers!

You know Python for data analysis, machine learning, task automation, and more.

Now, meet Python for blockchain 🐍

Only on Algorand and available with the release of AlgoKit 2.0 🧰 ✨

Get started today 👇
https://t.co/6z3AtbCyoU

[algorose.algo @AlgoroseNFT]

Shoutout to $Opul for killing it. Good shit, @ceoleeparsons.

[CryptoTrainer.algo | NEVER in your DM's @CryptoTrainer2]

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 Algo.

Future is bright ☀️

[John Woods @JohnAlanWoods]

In 2024 Algorand kills.

[Algorand Foundation @AlgoFoundation]

🏡 @lofty_ai introduces the world’s first liquidity pools for real estate.

Check it out today: https://t.co/bw2xrwpS4j

[Eight @CryptoEights]

🔹 COIN OF THE DAY! 15 Dec 2023
🏆 @Algorand
#Algorand #ALGO $ALGO

[Cointelegraph @Cointelegraph]

#Algorand golazo

[algorose.algo @AlgoroseNFT]

@ceoleeparsons Keep killing it, boss man

[algorose.algo @AlgoroseNFT]

Damn bois we back?? #Algo

[algorose.algo @AlgoroseNFT]

LFG $algo! Always my first #crypto love.

[Algorand Foundation @AlgoFoundation]

🏆 Congrats to the Build-A-Bull Finalists 🏆

After four exciting weeks of building, it’s finally time to announce the winners of the Algorand #BuildABull hackathon!

Many came, but five conquered... 💪

These teams will move on to the Grand Prize Demo Day on December 13th 🧵

🔗Blog: https://t.co/xFI9cIkCvQ

[algorose.algo @AlgoroseNFT]

Don’t yell at me, but I’m in heavy on Palantir. I’ve been green since last week and hoping it keeps on booming. $PLTR

[Opulous @opulousapp]

🎶 SPOTIFY PLAYLIST UPDATED

Exciting news! We have just updated the Opulous playlist on @spotify! 🎧

Discover the latest tracks from @LaloEbratt, @HunterAsaHorse, @Navypbw, @KadeemTyrell and more! 🎉

Listen now 👉 https://t.co/dkzFVSSyD5

$OPUL

[Opulous @opulousapp]

RT if you're excited about the future of music! 🚀

#Opulous

[algorose.algo @AlgoroseNFT]

@chrisswenor @Coop_Daniels Don’t burn yourself out too quickly! Slow and steady with swimming.

[Patrick @patrickbennett]

#1 top gainer on the market today. $ALGO 😱

[algorose.algo @AlgoroseNFT]

@cryptoHuligan @alchemon Need to look into this!

[algorose.algo @AlgoroseNFT]

I need a new #algorand project to obsess over. What’s new out there?!

[algorose.algo @AlgoroseNFT]

@CoffeeshopAlgo @GetOutsyde Interesting. I like that #Algo attracts nature/green projects like @PlanetWatchsas and @AustraliaZoo NFTs, so I’ll check this out.