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Cryptocurrency News Articles
Rarible and PropyKeys Partner to Mint Real-World Home Addresses as Non-Fungible Tokens
Oct 18, 2024 at 04:54 pm
Non-fungible tokens, previously best known for tokenizing images, videos, music, and works of art, continue finding more use cases across various
Non-fungible tokens (NFTs), once primarily known for tokenizing images, videos, music, and artwork, are now finding a wider range of use cases among businesses and individuals, transforming almost every sector. Rarible, a leading NFT marketplace platform, has partnered with PropyKeys to push NFTs beyond Jpegs and allow their users to mint real-world home addresses as NFT collections.
Mint A Home Address As An NFT On Rarible
PropyKeys confirmed partnering with the Rarible NFT marketplace on October 17 in a blog post to let crypto users mint real-world home addresses as NFTs. The new exclusive partnership will let crypto investors securely buy, sell, and trade PropyKeys NFTs. PropyKeys has integrated Base, a layer-2 network operating on top of the Ethereum ecosystem, to power its Address NFTs.
PropyKeys x Rarible: Trade NFTs Securely!
Thanks to our exclusive partnership with @rarible, our community can securely buy, sell, and trade PropyKeys NFTs.
🔐✨ Ready to explore the marketplace? https://t.co/VDYG8M6yB7#NFTs #Rarible #PropyKeys pic.twitter.com/iDxKxc0FE6
— PropyKeys (@PropyKeys) October 16, 2024
Launched in January 2024, Propy is a pioneering platform that uses 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 first originated with Bitcoin-based coloured coins sometime around 2012-2013. The concept remained largely unused until 2017, when it gained massive recognition with the advent of the Ethereum blockchain. At the time, Ethereum’s capability 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 several key milestones, including the launch of prominent projects like CryptoPunks and CryptoKitties and the integration of NFTs into metaverse projects. Many real-world sectors have found more use cases for NFTs, including the Real Estate industry. Propy and its ecosystem companies are integrating NFTs to offer new real-world addresses as NFTs.
Property owners can elevate their addresses to on-chain titles under this integration, 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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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