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PropyKeys Launches Gamified Platform on Base Network
Gamified platform PropyKeys has announced the public launch of its Base-based decentralized application (Dapp) that enables users to mint addresses and deeds on-chain, accompanied by a series of novel features. This is a project within the Propy ecosystem that’s working on blockchain-powered real estate solutions.
Addressing Real Estate Challenges
- PropyKeys aims to address challenges within the $280 trillion real estate sector.
- The platform aims to dismantle traditional barriers to entry, make homeownership more accessible, and combat deed theft.
Utilizing Coinbases’s Layer-2 Network
The platform has been deployed on Coinbases’s Layer-2 (L2) network Base to allow users to mint a digital address – including global landmarks – corresponding to a tangible property. Furthermore, PropyKeys is powered by the PRO token.
Invite-Only Beta Testing
The launch follows two months of invite-only beta testing. The team stated that PropyKeys “saw widespread adoption,” with nearly 1,800 addresses minted, including 300 global landmarks.
Making Property Ownership Transparent and Immutable
In order to democratize real estate ownership, PropyKeys is creating a home address platform and property deed storage on the blockchain. This setup ensures transactions are efficient, cost-effective, and secure, utilizing blockchain’s security features to make property ownership and transactions transparent and immutable.
Real Estate Liquidity in a Crypto-Native Way
COO Zapo mentioned that minting addresses and deeds provides value to investors, property owners, and stakeholders by securing deeds onchain and making real estate liquid in a crypto-native way. This capability makes real estate ownership more accessible to a broader audience.
Series of New Features
PropyKeys revealed features meant to provide “an engaging and accessible introduction” to real-world asset (RWA) tokenization. It has launched a staking mechanism, providing new incentives. Furthermore, the platform has enabled users to mint personalized, detailed artificial intelligence (AI)-generated global landmark non-fungible tokens (NFTs).
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
