What a great idea for the entire team! It reminds me - albeit in a freer way - of Google’s “20% rule” that empowered employees to devote a proportion of time outside of their regular project work. Sensitivity over finite resources makes this a bold move, but the employee engagement it fosters has to offer its own benefit. #Innovation #SoftwareDevelopment #Teamwork
Over the years, I've realized that building product is like a muscle that you have to constantly exercise, or else it atrophies. Our team is dedicated to building out the vision at Lofty, but the problem with spending years on one product means you tend to pigeonhole yourself by focusing on a particular industry or a technology stack. This means that you don't get to exercise new muscles when it comes to new technologies and product categories that pop up. As a result, our team at Lofty counteracts this by building fun hobby projects that are completely unrelated to our day jobs on the side. If you didn't know this Alpha Arcade (https://lnkd.in/gJMBEr6G) is one such project built by our team and is currently live on test-net. It's the first and only betting market built on Algorand to my knowledge. Most of our hobby projects are internal automations or just fun personal things that never get released, but we think a prediction market on Algorand could be a cool and useful thing for the community. If you're interested in prediction markets, please go give it a try and help us test it out before the main-net release. We don't have concrete plans for the future yet. It's still a fun side hobby for now. But if the product takes off, we might spin it off as a fully fledged entity distinct from entities. And my advice for other builders out there is to always be exercising your builder muscles. Go and make a tiny AI. agent for fun, even if your main product/business has nothing to do with AI. This helps to keep you up to date on new technologies and product shifts. The new skills you learn will often make you a better building and help make your main product/business better in the long run!