One year on, Loaf V1 has reached stability. Foundational infrastructure to trade the physical world with unprecedented liquidity, settled on-chain in real time. What future versions will be built on. Alongside it, a breakthrough primitive for securitizing physical assets, pioneered by Loaf with leading global law firm Baker McKenzie: the Loaf Property DPA. A step toward realizing Robert Shiller's 1993 proposal of perpetual futures on such previously illiquid real assets. A massive thank you to our earliest users, who put Loaf through its paces in private beta, many of them now testnet millionaires. Now, with a waitlist reaching the hundreds of thousands, we're entering our journey's next phase: Public Beta. And with it, a world-first event, announced 1st August. Stay tuned. Loaf's mission is to build the open, on-chain infrastructure for all the physical world, to make the world's oldest asset class behave like the world's most modern, and to extend ownership of the real world to every person on Earth.