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Propy launches Propykeys, a dApp with an on-chain home addresses market
Residential PropTech
Jan 4, 2024
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Residential PropTech

Residential PropTech

Jan 4, 2024

Propy launches Propykeys, a dApp with an on-chain home addresses market

Product updates

  • Propy, a property transaction management platform, has launched Propykeys, a gamified application within the Propy ecosystem, with a market for minting home addresses as non-fungible tokens (NFTs) on the blockchain. The decentralized application is driven by PRO tokens and is hosted on Base, a layer-2 network scaled on Ethereum and part of the Coinbase ecosystem. PropyKeys allows users to mint home addresses on-chain, which can then be staked or sold, with the price being based on a fee structure in PRO tokens.

  • PropyKeys allows users to mint and trade their own or someone else’s home addresses on-chain, creating on-chain titles & Real World Asset (RWA) NFTs, mint addresses for staking, allow homeowners to elevate their addresses to on-chain titles, allowing easy sales or micro mortgages. The platform claims to provide enhanced trust and security, moving from paper deeds to a transparent, algorithm-based system that has an open-source, community-governed title registry.

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