Mint and real world trading Onchain with PropyKeys dApp as part of the Propy ecosystem
January 3, 2024, 10 am EST, Miami, Florida – Today, PropyKeys, a new scalable application, part of the Propy ecosystem, introduces the home address market onchain. It is a decentralized application (dApp) game, powered by the PRO token and launched on Base, a layer-2 network that runs on top of Ethereum and is part of the Coinbase ecosystem. Participants can chain their own or someone else's home addresses and later sell or sell them.
Real estate has long been limited by barriers to entry such as exorbitant ownership fees and blockchain inefficiencies. Propy and its ecosystem companies aim to make home ownership more resilient, more affordable and more user-friendly.
The $280 trillion market has long been entrenched in a “no-trade zone,” but PropyKeys seeks to rewrite this narrative by becoming an exciting entry point to the propy ecosystem and onchain topic. Now, anyone can start their onchain journey by mapping home addresses through PropyKeys, and verifying ownership through Propy, and even creating a quick property sale or micro-mortgage—all within the onchain Propy ecosystem.
“Imagine a world where the rightful ownership of every asset is seamlessly sealed with onchain title,” said Andrew Zappo, head of PropyKeys. “Imagine a future where individuals can effortlessly engage in peer-to-peer asset transactions or invest their assets in microloans. This future, powered by blockchain's trustless architecture, will redefine the autonomy of property ownership and, in turn, societal norms.”
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Opening up property ownership
At its core, PropyKeys addresses critical pain points:
Democratic mining and trade
PropyKeys enables crypto natives to extract, share and seamlessly trade with property owners. Addressable NFTs can be redeemed with a PRO token fee. Holders of residential addresses and beneficial owners of acquired address assets have the following benefits for NFT 3 tiers. In tokenomics strategy is to collect $PRO to make onchain addresses and asset titles. This fee structure encourages community engagement while sustaining ecosystem development. 100% of the fees collected from addresses are diverted to incentivize and reward the network of address owners, ensuring active participation and network growth. Additionally, mechanisms such as shareholding and management participation provide ways for token holders to contribute to the ecosystem while earning rewards in $PRO tokens.
Additionally, going forward, the community will be encouraged to lend to collateralized RWA NFTs through a secure protocol developed by the Propy Partners ecosystem.
Onchain titles and RWA NFTs
Asset owners can elevate their addresses to onchain titles, allowing them to hold titles or convert them into Real World Asset (RWA) NFTs. These NFTs facilitate easy sales or micro-mortgage, opening up new avenues for property transactions.
Trust and security
Leveraging user trust, PropyKeys champions an onchain, open source and community-driven title registry. By replacing paperwork with algorithm-based systems, the platform guarantees a trusted and secure environment for all users.
Find your real world address today
Visit PropyKeys.com today to get your real-world address onchain. Join the movement that promotes more accessible property transactions and ownership than ever before.
Prophecy's creativity embodies the philosophical principles of faith and openness. The transition from traditional asset registries to blockchain-based onchain titles will foster trust in algorithms rather than central intermediaries. This philosophical shift transcended the real estate sphere into the broader societal paradigm that began the rapid revolution in programmable decentralized finance.
About Propy:
Propy is a pioneering platform that leverages blockchain technology to facilitate seamless transactions of real-world assets (RWA) focused on transforming real estate markets. As an industry leader, Propy is focused on providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.
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Disclaimer: This press release contains forward-looking statements and should not be construed as investment advice. Actual results may differ materially from those projected in forward-looking statements.
