![]() Algorand is a blockchain designed for the next generation of economic exchange and provides Lofty AI with the opportunity to build a highly scalable tokenized real estate marketplace on a chain which is guaranteed not to fork, while enjoying exceptionally low transaction fees’. ‘We’re delighted that Lofty AI is part of the Algorand Ecosystem and are excited to partner on this innovative concept. Had we not built our product on top of Algorand, we wouldn’t be close to where we are today.” The whole Algorand team has been a huge help from day one and we are extremely grateful for their support” said Max Ball, COO of Lofty AI. “We couldn’t be more excited to partner with the Algorand foundation to democratize real estate investing for all. Rental income is distributed to owners in USD which can be withdrawn anytime, with forthcoming options for rental income to be sent directly to a user’s Algorand wallet. Property tokens on Lofty AI can be purchased via credit card or bank transfer, and soon, will be eligible for purchase using Algorand-based currencies for international investors. This grant from the Algorand Foundation will help Lofty accomplish this feat along with providing the funds to build out their internal secondary marketplace. Chainalysis, the blockchain analysis company has partnered with the Algorand Foundation, the stewards of Algorand, the world’s first, permissionless, Proof of Stake blockchain, that offers an open, global platform for building products and services in a Borderless Economy. Lofty AI hopes to help solve the current housing crisis by giving renters the ability to purchase tokens in the properties they’re renting––making them part-owners. Since then they’ve raised $5M in funding and have assembled a team of experts in real estate, blockchain technology, and data. They first began this journey in 2019 when they went through the prestigious Silicon Valley accelerator, Y Combinator. Lofty AI’s goal is to make real estate investing just as easy as buying crypto or stocks. Today, we introduce a new type of storage for Algorand Smart Contracts: boxes. Investors receive daily rental income starting on the first day they invest and tokens appreciate in value on a monthly basis as the properties appreciate. ![]() The Governance approach for the Algorand community has been designed for simplicity and maximum participation: Four quarterly Governance periods per. ![]() ![]() With its innovative consensus algorithm, scalability, decentralization features, and focus on regulatory compliance, Algorand has emerged as a promising blockchain. Lofty AI tokens are 100% liquid and can be sold anytime for no fees or penalties. Algorand Community Governance yields to Governors the decision-making power over the Algorand Ecosystem Resource Pool (AERP), a pool of Algos that currently has more than 3 Billion Algos. Algorand blockchain is a revolutionary platform that offers a scalable, secure, and decentralized solution for various use cases, including DeFi, asset tokenization, and payments. ![]()
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