Unstoppable Domains and PropyKeys Unveil a Landmark Initiative to Bring Real Estate Onchain with .PropyKeys Domains
SAN FRANCISCO, CA – 01/10/2024 – (SeaPRwire) – The future of real estate is being reshaped by cutting-edge blockchain technology, and a key partnership is bringing that future closer to reality. Unstoppable Domains, the leading provider of Web3 domains, has teamed up with PropyKeys, a decentralized application (dApp) within the Propy ecosystem, to launch the revolutionary .PropyKeys onchain domain. This innovative digital address system is not just a step toward modernizing the real estate market but also a profound advancement in how property, identity, and cryptocurrency transactions are managed on the blockchain.
The launch of the .PropyKeys domain coincides with PropyKeys’ expansion onto the BASE network, allowing users to mint digital addresses directly linked to real-world properties. This strategic move aims to enhance how property professionals, buyers, and sellers interact with real estate, offering an efficient, secure, and fully decentralized digital identity. The new .PropyKeys domain addresses the increasing need for technological solutions that simplify property transactions while maintaining user autonomy and security. By leveraging blockchain technology, the .PropyKeys domain introduces unprecedented ease in how people handle property dealings, manage cryptocurrencies, and even become digital ambassadors for the future of real estate ownership.
At the heart of this initiative is PropyKeys’ bold vision of enabling one million home addresses to go onchain by 2025. Since its launch in March 2024, PropyKeys has already minted over 300,000 digital addresses, representing properties worldwide. These milestones underscore the platform’s focus on decentralized property ownership and its commitment to redefining how the real estate sector operates.
Unstoppable Domains, recognized as the largest Web3 domain provider, plays a critical role in this evolution. Through the .PropyKeys domain, real estate professionals, homeowners, and investors can now access the power of onchain technology for both cryptocurrency and property transactions. Unlike traditional domains managed by centralized authorities, onchain domains are decentralized, user-owned digital assets. They provide censorship-resistant websites, easier cryptocurrency transactions, and greater personal control over digital identities. This new offering from PropyKeys allows users to simplify their digital operations by tying a blockchain-based address to a tangible property, reinforcing the move toward decentralized and autonomous property transactions.
The significance of this new domain lies in its potential to revolutionize real estate transactions. Traditionally, buying or selling property involves multiple intermediaries and complex processes that can take weeks or even months to complete. The .PropyKeys domain offers a streamlined alternative, where real estate dealings can be as seamless as sending an email. Blockchain’s inherent trustlessness and security features eliminate the need for third-party intermediaries, creating a transparent and efficient environment for real estate transactions. By using a blockchain-based domain, the entire process becomes decentralized, reducing costs and increasing transaction speeds.
Speaking on the partnership, Nina Fabbri, CEO of PropyKeys, highlighted the transformative nature of this initiative. “We are excited to partner with Unstoppable Domains to introduce a domain that will fundamentally change how people think about property transactions. The .PropyKeys domain makes real estate deals simpler, faster, and more secure than ever before. We’re entering an era where owning and transferring property will be as simple as sending a message, and this is a crucial step in that direction.”
Sandy Carter, COO of Unstoppable Domains, echoed this sentiment, emphasizing the broader implications of the collaboration. “This partnership with PropyKeys is an exciting step forward in merging real estate with blockchain technology. At Unstoppable Domains, we have always aimed to collaborate with forward-thinking companies that help onboard more users into the Web3 ecosystem. With the launch of .PropyKeys, we are not only offering a digital identity solution but also showing the world how blockchain can streamline and secure real estate transactions.”
A notable feature of the .PropyKeys domain is its ability to bridge the gap between Web2 and Web3 environments. Unstoppable Domains and PropyKeys are working towards creating a dual-domain system, where users can have both traditional Web2 and blockchain-based Web3 domains. This concept allows brands, companies, and individuals to utilize the best aspects of both worlds. Through the upcoming Internet Corporation for Assigned Names and Numbers (ICANN) general Top Level Domains (gTLD) application round in 2026, PropyKeys plans to apply for official ICANN registration. Should this application be successful, .PropyKeys could join the ranks of renowned domains like .com, .net, .org, and others, further expanding its impact and accessibility.
The introduction of .PropyKeys is also set to inspire the creation of industry-specific blockchain domains. Real estate, being a complex and often bureaucratic field, stands to gain enormously from decentralized solutions that offer efficiency and transparency. As more industries explore the potential of onchain technology, the groundwork laid by PropyKeys and Unstoppable Domains could pave the way for a wide array of blockchain-based applications that go beyond real estate.
PropyKeys is designed for both real estate professionals and individual property owners who seek to integrate blockchain technology into their daily operations. By enabling users to mint digital addresses tied to physical properties, the platform provides a novel way to store property deeds securely on the blockchain. This approach not only safeguards ownership records but also facilitates faster, more transparent real estate transactions.
In conjunction with these technological advancements, the BASE network, Coinbase’s layer-2 platform, has been instrumental in powering PropyKeys. This collaboration allows PropyKeys to offer fast, secure, and low-cost blockchain transactions, ensuring that property ownership remains decentralized and accessible to a global audience. Furthermore, PropyKeys has leveraged the PRO token, which underpins its ecosystem, to enable seamless transactions and reinforce the platform’s decentralized infrastructure.
Looking ahead, the partnership between Unstoppable Domains and PropyKeys marks a turning point for real estate and blockchain integration. By enabling one million addresses to go onchain by 2025, the project is poised to reshape how real estate is bought, sold, and managed. As blockchain technology continues to gain momentum across various sectors, the pioneering work of PropyKeys and Unstoppable Domains will likely serve as a blueprint for future innovations.
For more information about this groundbreaking project, visit unstoppabledomains.com and propykeys.com.
SOURCE: Unstoppable Domains
by Arrow123
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