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Previously best known for tokenizing images, movies, music and works of art, non-fungible tokens continue to find more and more applications across businesses and individuals, revolutionizing almost every sector. Rarible, a renowned non-fungible token marketplace, has partnered with PropyKeys to push NFTs beyond Jpegs and allow its users to create real-world home addresses as non-fungible token collections.
List your home address as an NFT on Rarible
In an October 17 blog post, PropyKeys confirmed its partnership with the Rarible NFT marketplace to allow cryptocurrency users to create real-world home addresses as NFTs. The new exclusive partnership will enable cryptocurrency investors to safely buy, sell and trade PropyKeys NFTs. PropyKeys has integrated Base, a Layer 2 network running on the Ethereum ecosystem, into its Address NFT power.
PropyKeys x Rarible: Trade NFTs Safely!
Thanks to our exclusive cooperation with @rareour community can safely buy, sell and trade PropyKeys NFTs.
πβ¨ Ready to explore the market? https://t.co/VDYG8M6yB7#NFT #Rare #PropyKeys pic.twitter.com/iDxKxc0FE6
β PropyKeys (@PropyKeys) October 16, 2024
Launched in January 2024, Propy is a pioneering platform that uses blockchain technology to facilitate seamless transactions in real-world assets. The digital asset company provides anyone with the groundbreaking ability to mint a digital address that corresponds to a tangible item. Participants can mint their own or someone else’s home addresses on the chain and stake or sell later.
NFTs were created from Bitcoin-based color coins around 2012-2013. This concept remained unpopular until 2017, when it gained significant recognition with the advent of the Ethereum blockchain. At the time, Ethereum’s ability to host NFTs enabled the creation, storage, programming, and trading of NFT collections, revolutionizing the landscape.
NFT integration in real estate
The development of NFTs has been marked by significant milestones, including the launch of notable projects such as CryptoPunks and CryptoKitties and the integration of NFTs into Metaverse projects. NFTs have found more applications in many real-world sectors, including real estate. Propy and its ecosystem companies are integrating NFTs to offer new real-world addresses as NFTs.
As part of this integration, property owners can elevate their addresses to on-chain titles, allowing them to stake them or convert them into NFTs with Real World assets. These NFTs facilitate easy sales or micro-mortgages, opening up new possibilities for real estate transactions. PropyKeys enables cryptocurrency users to allocate addresses, stake them, and seamlessly facilitate transactions with property owners.
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