PropyKeys is poised to transform the realm of Real World Assets (RWA), seamlessly connecting the tangible world with the digital one for storing property data on the blockchain. Property data stored on the blockchain becomes immutable, reducing the risk of fraud and providing a tamper-proof record of ownership.
As part of the Propy’s ecosystem PropyKeys is implementing decentralized application (dApp) that extends beyond mere property transactions. The dApp is set to redefine the very essence of property rights autonomy and, consequently, reshape societal norms ensuring a transparent and secure foundation for the next chapter in property ownership. This way we continue building comprehensive solutions for various aspects of property management and engagement.
As we embark on this exciting journey, we’re ushering in a new era where the complexities and inefficiencies of traditional real estate systems are a thing of the past.
At the core of PropyKeys lies a grand vision — a vision that transcends conventional property transactions. Picture a world where the rightful ownership of every property is seamlessly encapsulated in an immutable onchain title. Envision a future where individuals can effortlessly engage in peer-to-peer property transactions or harness their property holdings for micro mortgages.
And this is what PropyKeys is — a catalyst for a paradigm shift in property rights.
This innovative approach aims to decentralize the traditional real estate sector, ensuring more secure property ownership that is resistant to confiscation by authoritarian regimes.
Users also have the option to stake their digital addresses, contributing to the crypto community and earning additional rewards, which can later be realized by selling the addresses to the actual property owners.
This marks the first time the crypto community can actively engage in the Real World Assets (RWA) industry, adding value and earning rewards.
Upon the physical address owner purchasing the corresponding digital address, they can elevate it to an onchain title that can be staked and eventually transformed into an RWA Non-Fungible Token (NFT), facilitating easy sales or micro-mortgages.
PropyKeys relies on user trust, advocating for onchain, open-source, and community-governed title registries to replace traditional paper deeds. This vision materializes through Propy Title and Escrow, where 100% of transactions occur and are recorded on the blockchain, alongside the local county recorder.
As we provide a comprehensive real estate ecosystem from A to Z, our ultimate goal is to be the “Amazon for properties.” With Millennials and Gen Z entering the property market, offering a straightforward, swift, and secure method of transferring ownership becomes paramount.
Home address holders and real owners of properties of the acquired addresses have the following advantages for the 3 tiers of NFTs:
Tier 1: Mint Home Address to stake, or resell when real owners need to sell their property or get a loan.
Tier 2: Mint Ownership Certificate to make your deed immutable, in case the country is hacked.
Tier 3: Mint RWA NFT to sell your property instantly (read Propy white paper N2 on NFTs), or to borrow against it when such lending protocols are available.
Find out why Propy started PropyKeys here.
In conclusion, the expansive residential address market in the United States, valued at an impressive $30 trillion with a yearly volume of $2 trillion, is poised for a transformative evolution. The integration of blockchain-backed solutions, exemplified by PropyKeys, signifies more than just a shift to digital processes. It heralds a profound metamorphosis, ushering in an era where outdated paper-based ownership records make way for secure, immutable onchain titles.
PropyKeys marks the inception of a groundbreaking era in property rights. It heralds a future where ownership is decentralized and resistant to seizure, establishing a new standard. As we witness the genesis of this transformative technology, we anticipate a paradigm shift that will redefine the landscape of property ownership, bringing about a more secure and transparent future for real estate transactions.
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