Mint and Trade Real-World Addresses Onchain With PropyKeys DApp, Part of Propy Ecosystem

Miami, Florida

On January 3, 2024, PropyKeys, a new gamified application, part of Propy ecosystem, introduces a home addresses market onchain.

It is a DApp (decentralized application) game, powered by the PRO token and launched on Base, a layer two network operating on top of Ethereum and part of the Coinbase ecosystem.

Participants can mint their own or someone else’s home addresses onchain and stake or sell later.

Real estate has long been restricted by barriers to entry such as exorbitant title fees and inefficiencies that blockchain can simplify.

Propy and its ecosystem companies aim to make homeownership seizure-resistant, more affordable and user friendly.

The $280 trillion market has remained entrenched in a ‘no trading zone,’ but PropyKeys seeks to rewrite this narrative by being a fun entry point to the Propy ecosystem and title onchain.

Now, anyone can start their onchain journey by minting home addresses via PropyKeys, then verifying ownership via Propy and even creating instant property sales or micro mortgages – all within the onchain Propy ecosystem.

Andrew Zapo, lead contributor to PropyKeys, said,

“Imagine a world where every property’s rightful ownership is seamlessly encapsulated in an immutable onchain title. Picture a future where individuals can effortlessly engage in peer-to-peer property transactions or leverage their property holdings for micro mortgages. This future, underpinned by blockchain’s trustless architecture, redefines property rights autonomy and in turn societal norms.”

Unlocking property ownership

At its core, PropyKeys addresses critical pain points such as the following.

Democratized minting and trading

PropyKeys allows crypto natives to mint addresses, stake them and seamlessly facilitate trades with property owners. Address NFTs could be minted for a PRO token fee.

Home address holders and real owners of properties of the acquired addresses have the following advantages for the three tiers of NFTs.

Inherent in the tokenomics strategy is the collection of PRO as a fee for minting onchain addresses and property titles.

This fee structure, while sustaining ecosystem development, simultaneously incentivizes community participation.

One hundred percent of the collected fees from addresses are redirected to incentivize and reward the network of address owners, ensuring active engagement and network growth.

Additionally, mechanisms such as staking and governance participation offer avenues…