LoftyAI Tokenized Real Estate

    Algorand Q27: LoftyAI is a tokenized real estate platform(https://www.lofty.ai/). You can invest in property via tokens distributed by Lofty AI, each being worth $50. Rank the properties listed by LoftyAI based on total token investment price. (Each property has its own asset created by the address 'LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA'). How many wallets have bought a token for at least one property? What wallet has invested in the most Lofty AI properties? How many properties are they invested in?

    Introduction

    LoftyAI is a real estate investment platform that offers investors a participation on properties through the purchase of tokens of the properties, each costing 50$, giving the right to obtain benefits from renting. Depending on how many tokens i.e. what percentage of the home is owned, you obtain this benefit but also need to pay for repairs and vote on decision like evicting a tenant.

    It is a very interesting concept a real world application for Algorand Standard Assets. Each property is represented through a different asset ID and the total supply represent the whole value of the property.

    Methodology

    To obtain the list of all properties listed by Lofty AI, I query the algorand.asset table to filter the assets created by Lofty using the address in the hint. I eliminated the closed assets and an asset with name Lofty AI (asset_id = 237267329) which had a total supply of over 10M and after asking the LoftyAI team, they confirmed that this asset does not represent a property.

    Then, I join the algorand.asset and the algorand.asset_transfer_transactions to find all receiver addresses and obtain the answer to the questions.

    The creator's address LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA will be eliminated from the results visualization to provide a snapshot of Lofty's users aside for Lofty AI.

    Results

    The graph below shows a rank of all properties currently listed by Lofty by total token investment price, calculated as each asset's total supply times 50$.

    A table also shows the total number of properties and their average and median price.

    Conclusion

    Real Estate tokenization is a real world implementation of blockchain tokens. It is gaining some momentum and will definetly be something to bare in mind when making real estate investing easier for people.

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    A total of 3126 unique wallets own at least one token of Lofty's properties.

    A table summarizing the top 10 wallets and showing the total properties and tokens in total they own is shown below. The number of properties is visualize on the chart as well.

    • Top Wallets GP4MCZTH35KKEHVHKFJUSEU73NZVSZTAALII4ICBIG2XNXN2HKFPQATPRY and 3PGACXBU2XOZYA7G5LLDOT4EW25WSGQXBPAE4KBSQ2DQKL53GGHKLNULFQ own tokens of 76 different properties each.

    • Wallet GP4MCZTH35KKEHVHKFJUSEU73NZVSZTAALII4ICBIG2XNXN2HKFPQATPRY has a total of 266 tokens with a value of 13,3k USD while 3PGACXBU2XOZYA7G5LLDOT4EW25WSGQXBPAE4KBSQ2DQKL53GGHKLNULFQ owns 108 with a value of 5,4k USD.

    • Wallet HVQ6QFY7QCPG5ZYWLLGSIB763XW7NQUIGXMEIQ74MUJGAYLVTACYCZXKHA owns 18550 with a total value of 927,5k USD, being the wallet with the biggest investment.

    • Lofty's address LOFTYRITC3QUX6TVQBGT3BARKWAZDEB2TTJWYQMH6YITKNH7IOMWRLC7SA owns 74768 tokens from 76 different properties, making it the facto the wallet with more p

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