Question about a new residential and commercial investing platform
Hello fine people of Reddit,

I recently stumbled upon a startup called, which is far as I can tell, looks similar to something like a Fundrise, just using the blockchain and tokenized real estate shares for cheap, and I’ve been contemplating getting into it. It apparently sells out all of their listings, have been through Ycombinator as well as lots of customers and funding. I have a feeling that this is a scam, but they have been able to secure venture funding however.

However, I have some questions for those of you who know more than I do. For one, is my assessment of what it essentially is accurate, or am I way off base? Also, do any of you have any first hand experience with them/stories you can share? I want to make sure I’m not getting involved in some sort of scam before I spend any fiat on it. Thank you all in advance for the replies, and hope everyone had a fantastic Monday!
[{"id": "ip56mtz", "text": "If it has been through Y Combinator then you can find them on their website.", "replies": [{"id": "ip5cmpq", "text": "I do see it. I just think it's weird that you can actually make money buy  just a token of a property for just $50.", "replies": [{"id": "ip72sb1", "text": "It is weird and you probably won't make money.  Real estate is already illiquid.  Why make it more illiquid by tokenizing the equity?", "replies": [{"id": "ip7a3hs", "text": "My thought as well, though people said that they have had great returns and that they are the best investments they have made and even better that it has low costs.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ip9pwzj", "text": "Is it called Lofty? I'm intrigued and wouldn't mind hearing someones first hand experience.", "replies": [{"id": "ipa6hte", "text": "&gt;ecently stumbled upon a startup called, which is far as I can tell, looks similar to something like a Fundrise, just using the blockchain and tokenized real estate shares for cheap, and I\u2019ve been contemplating getting into it. It apparently sells out all of their listings, have been through Ycombinator as well as lots of customers and funding. I have a feeling that this is a scam, but they have been able to secure venture funding however.  \n&gt;  \n&gt;However, I have some questions for those of you who know more than I do. For one, is my assessment of what it essentially is accurate, or am I way off base? Also, do any of you have any first hand experience with them/stories you can share? I want to make sure I\u2019m not getting involved in some sort of scam before I spend any fiat on it. Thank you all in advance for the replies, and hope everyone had a fantastic Monday!\n\nThere is one that is only for commercial real estate. It's  [Crestately.com](https://Crestately.com). They just launched their waitlist yesterday and is limiting access to the first 5000 users.", "replies": [{"id": "ipa6jxf", "text": "The other one that is mainly in residential is called [lofty.ai](https://lafty.ai)", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]