What Are Some of the Firsts?
When you hear that real estate transactions will use blockchain, you know that it is the first time that something like this will happen. What are other firsts?
- On June 28 of last year,
Propyconducted the first blockchain-powered real estate auction.
- It auctioned off a 16th century estate that the famous Giacomo Della Porta designed. He was a contemporary of Michelangelo.
- This is the first time that Propy used an auction to sell a property.
- Cryptocurrency was allowed for the first time in a real estate transaction.
Now, you know the firsts. Thus, you might be curious as to why Propy took this route.
Why Blockchain for Real Estate Transactions?
You might be wondering why Propy is using blockchain for real estate transactions. Well, above all,
Besides aiming to become a market leader,
So, for these reasons,