Jerry Chu 🍊 (@PMDBT) / X

Jerry Chu 🍊

1,499 posts

Jerry Chu 🍊

@PMDBT

Co-Founder @lofty_ai, building the world's first real estate exchange, @AlphaArcade69, prediction market on Algorand, @keebsforall, custom mechanical keyboards

Los Angeles

Joined July 2010

Pinned
Jerry Chu 🍊
@PMDBT
Jun 10
📷 Two New Ways to Earn money on @lofty_ai : Property Offer Rewards + Maker Rebates We're launching a program to deepen liquidity and tighten spreads on Lofty's order books, so buying and selling is smoother and fairer for everyone. The idea is simple: have open limit orders,
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Jerry Chu 🍊
@PMDBT
May 25, 2025
Replying to @levelsio
I usually don't have the experience to comment on a lot of things you post Pieter, but this is uniquely in my wheel house given what I'm building at Lofty. So, real estate in general have been appreciating in most places over the last few decades. But people don't realize that
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Jerry Chu 🍊
@PMDBT
Jun 12, 2024
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
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Jerry Chu 🍊
@PMDBT
Jun 16, 2025
Saw a lot of pretty negative posts about $algo on my timeline the last few days. A lot of the anger seems to be directed at various people in the foundation. Obviously no one is perfect, but for the most part from my interactions with people at the foundation, I don't think the
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Jerry Chu 🍊
@PMDBT
Aug 1, 2024
Every VC or founder I talk to in this space always ask me why we use #Algorand at @lofty_ai. #Ethereum L2s didn’t have the right UX for mainstream adoption, so we tried a few L1s, #Solana included. At the time, I tried 7 consecutive transactions for only 1 to go through. We’re
Vini B |「 thecoding 」
@vinibarbosabr
Jul 31, 2024
I take back this statement. Solana is complete garbage. Not only from a moral/ethical standing point (with all the red flags that I already knew), but also from a user perspective. I'm trying to make a payment with, so far, FOUR failed attempts. F It doesn't work. It's broken.
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Jerry Chu 🍊
@PMDBT
May 2, 2025
We've been working towards this moment for a really long time at @lofty_ai , so I'm happy to announce that we were fully profitable as a business last month in April! This is both for cashflow and whatever accounting method you want to use. This means we'll probably be sticking
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Jerry Chu 🍊
@PMDBT
Jun 20, 2025
Great news from our securities lawyers this week! We've always taken a pretty unique regulatory approach with our product at @lofty_ai . Over the years we've had to put up with a lot of misinformation from haters and competitors alike, saying we're reckless or stupid. I've
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Jerry Chu 🍊
@PMDBT
Mar 15, 2024
Replying to @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
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Jerry Chu 🍊
@PMDBT
Apr 20, 2024
Replying to @alz_zyd_ and @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
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Jerry Chu 🍊
@PMDBT
Mar 10, 2023
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
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Jerry Chu 🍊
@PMDBT
May 21, 2025
We just broke $4 million USD of rent generated for investors on @lofty_ai ! Go check out my last post not too long ago :) 0-1M took a year 1-2M took 2 years (very painful period as a founder lol) 2-3M took just shy of 1 year (11 months) now 3-4M in just 7 months Let's see how
Jerry Chu 🍊
@PMDBT
Nov 18, 2024
proud to have hit another milestone over at @lofty_ai , the platform has cumulatively returned over $3M USD in rental income to users. the number itself is less interesting than the story behind it. 0 to 1 took around a year from 2021 to 2022. but 1 to 2 took almost over two
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Jerry Chu 🍊
@PMDBT
Jul 3, 2025
Happy to announce and revisit this older post and say it wasn't a one time thing in May! We've been consistently profitable for the last 3 months at @lofty_ai !!!
Jerry Chu 🍊
@PMDBT
May 2, 2025
We've been working towards this moment for a really long time at @lofty_ai , so I'm happy to announce that we were fully profitable as a business last month in April! This is both for cashflow and whatever accounting method you want to use. This means we'll probably be sticking
7.9K
Jerry Chu 🍊
@PMDBT
Mar 26, 2024
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
Algorand Foundation
@AlgoFoundation
Mar 25, 2024
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:
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Jerry Chu 🍊
@PMDBT
Apr 18, 2024
Replying to @Mrbobo79 @GladneyJak and @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 :)
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