Rarible and PropyKeys: Mint Real-World Addresses as NFTs

Become a member of our Telegram channel for the latest updates on breaking news

Non-fungible tokens (NFTs), initially recognized for transforming images, videos, music, and artworks, are now discovering new applications across numerous industries and individual users, significantly impacting nearly every domain. Rarible, a prominent platform for NFTs, has teamed up with PropyKeys to extend the capabilities of NFTs beyond just Jpegs, enabling users to mint actual home addresses as NFT collections.

Mint Real Estate Addresses as NFTs on Rarible

In a blog post dated October 17, PropyKeys announced its collaboration with the Rarible NFT marketplace that will permit crypto enthusiasts to mint real-world home addresses as NFTs. This new partnership is designed to allow crypto investors to safely buy, sell, and trade PropyKeys NFTs. PropyKeys has integrated with Base, a layer-2 network built on the Ethereum blockchain, to enhance its Address NFTs.

PropyKeys x Rarible: Trade NFTs with Confidence!

Thanks to our exclusive collaboration with @rarible, our community can confidently buy, sell, and trade PropyKeys NFTs.

🔐✨ Ready to dive into the marketplace? https://t.co/VDYG8M6yB7 #NFTs #Rarible #PropyKeys pic.twitter.com/iDxKxc0FE6

— PropyKeys (@PropyKeys) October 16, 2024

Launched in January 2024, Propy is an innovative platform that utilizes blockchain technology to facilitate smooth transactions of physical assets. This digital asset firm presents a revolutionary opportunity for individuals to mint a digital address that corresponds to a real-world property. Participants can mint either their own home addresses or those of others and later stake or sell them.

The concept of NFTs began with Bitcoin-based colored coins around 2012-2013. It remained relatively unnoticed until 2017 when it gained immense popularity with the emergence of the Ethereum blockchain. Ethereum’s capabilities in hosting NFTs allowed for the creation, storage, programming, and trading of NFT collections, altering the landscape significantly.

NFT Applications in Real Estate

The ascent of NFTs has been marked by crucial developments, including the launch of groundbreaking projects like CryptoPunks and CryptoKitties, as well as their integration within metaverse initiatives. NFTs are uncovering numerous applications across various real-world sectors, notably the Real Estate industry. Propy and its associated companies are integrating NFTs to offer fresh real-world addresses as NFTs.

Through this integration, property owners can tokenize their addresses into on-chain titles, allowing them to stake these titles or convert them into Real World Asset NFTs. These NFTs streamline processes related to sales and micro mortgages, creating new opportunities for property transactions. PropyKeys enables crypto users to mint addresses, stake them, and easily facilitate trades with property owners.

Most Searched Crypto Launch – Pepe Unchained