Crypto Talk with Terence Propy CRYPTO:PRO RISKY Jan 20, 2022

NFTs AT THE SERVICE OF REAL ESTATE

Born in 2017, the Propy project aims at reconciling 2 sectors of activity, at first sight antinomic: the real estate market and the blockchain market. The innovative idea of its creator (among others) was not only to use crypto-currency, but its little brother, existing on blockchains supporting smart contracts: the NFTs.

Indeed, simply summarized, an NFT is a computer file of any origin (.jpeg, .txt, .py, .js, .pdf, etc ... ) that is authenticated and certified via a blockchain, which leads to its status of uniqueness.
Moreover, thanks to its existence on the blockchain, this NFT can then be transmitted, exchanged, or traded, just like any other crypto-currency or token.
Existing on the Ethereum blockchain, in the form of a smart contract (in this case, a decentralized platform), Propy aims to automate the entire process of buying a house, from the moment it is put up for sale to the final sale, but allowing the process to be carried out without intermediaries, while benefiting from the speed and security of the blockchain.

Its token, PRO, available on the Uniswap DEX, was recently listed on Coinbase (it is currently up 30%, after peaking at 100% and taking a logical profit from speculators).

Nevertheless, beyond the Propy entity alone, it is important to underline the fact that far from being reduced to the only digital artworks that currently crystallize the term NFT, these smart contracts are in fact much more powerful than that and can be applied to a lot of sectors that we don't even have an idea of today, and it is certain that the movement generated by Propy will inspire many entrepreneurs in the blockchain world.