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Lofty lets anyone invest in real estate in under 5 minutes by building the NASDAQ of real estate.
Real estate transactions have traditionally had high friction, low liquidity, and far too many intermediaries. All of those frictions and high costs can be removed by putting the ownership of real estate and all resulting transactions on the blockchain.
Lofty is starting off by turning houses into tokens that anyone can trade on the blockchain.
We operate a marketplace that allows property owners to sell fractional ownership (from 10% to 100%) in their properties as tokens on a blockchain, enabling higher liquidity and faster transactions. In exchange, we charge a 6% transaction fee for all token transactions between buyers and sellers. We also charge a 1.5% transaction fee for all crypto-to-fiat conversions on our platform.
With a total addressable market of $1.02 trillion in the USA alone, the potential for success with Lofty is significant as exchanges tend to have large network effects, making this likely a winner takes all market.
As large as the market opportunity with real estate, it is just a start. We have intentionally built our platform to be asset agnostic, so that a variety of real world assets (RWAs) can be onboarded into our ecosystem in the future.