Rarible And PropyKeys Join To Let Users Mint Real World Home Addresses As NFTs
Non-fungible tokens, previously best known for tokenizing images, videos, music, and works of art, continue finding more use cases across various businesses and individuals, revolutionizing nearly every sector. Rarible, a renowned non-fungible token market platform, has partnered with PropyKeys to push NFTs beyond Jpegs and let their users mint real-world home addresses as non-fungible token collections.
Mint A Home Address As An NFT On Rarible
In an October 17 blog post, PropyKeys confirmed partnering with the Rarible NFT marketplace to allow crypto users to mint real-world home addresses as NFTs. The new exclusive partnership will allow crypto investors to securely buy, sell, and trade PropyKeys NFTs. PropyKeys has integrated Base, a layer-2 network operating on top of the Ethereum ecosystem, to its power Address NFTs.
Launched in January 2024, Propy is a pioneering platform leveraging blockchain technology to facilitate seamless transactions of real-world assets. The digital asset firm introduces a groundbreaking opportunity for everyone to mint a digital address corresponding to a tangible property. Participants can mint their own or someone else’s home addresses on-chain and stake or sell later.
NFTs originated with Bitcoin-based coloured coins sometime 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 Estates
The rise of NFTs has been marked by significant milestones, including the launch of notable projects such as CryptoPunks and CryptoKitties and integrating NFTs into metaverse projects. NFTs have found more use cases in many real-world sectors, including the Real Estate industry. Propy and its ecosystem companies are integrating NFTs to offer new real-world addresses as NFTs.
Under this integration, property owners can elevate their addresses to on-chain titles, enabling them to stake them or convert them into Real World Asset NFTs. These NFTs facilitate easy sales or micro mortgages, opening new avenues for property transactions. PropyKeys allows crypto users to mint addresses, stake them, and seamlessly facilitate trades with property owners.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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