Propy

May
12
2022
By Ellen Britt
Propy Update – Where Will The NFT Real Estate Movement Go?

Propy Update – Where Will The NFT Real Estate Movement Go?

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Ellen Britt for CNT #NFTWe recently brought you news about Propy, the real estate transaction platform that made tech history by helping MIchael Arrington, the TechCrunch founder, to list his Kiev, Ukraine apartment as a real estate NFT in May of 2021. That property went on to sell for $93,000. Then, on April 12, 2022, the company facilitated the sale of yet another property as an NFT that went for $654,310, one of the first NFT homes to sell in the U.S. The MissionPropy aims, through the use of software, to help brokers, agents and owners transition over to a paperless closing that is…
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May
01
2022
By Ellen Britt
How To Secure A Home Loan Using Cryptocurrency

How To Secure A Home Loan Using Cryptocurrency

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Ellen Britt for CNT #NFTWe have already brought you news about buying a real world home using cryptocurrency, but now the worlds of mortgages and crypto are merging.Many cryptocurrency investors have been frustrated by the inability to use their holdings to fund the purchase of a home. Problem Solved!But a partnership between California based blockchain real estate startup Propy, and the Abra Borrow platform, will enable home buyers to use their crypto as collateral to borrow US dollars. The plan features flexible repayment arrangements and low interest rates, some as low as 0 percent.Propy is no stranger to the space, as they were…
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Apr
20
2022
By Ellen Britt
Interest In Crypto Real Estate Is Growing

Interest In Crypto Real Estate Is Growing

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Ellen Britt for CNT #NFTIf you have ever gone through a traditional real estate sale, you know the process can be quite arduous. Inspections, title searches, reams of documents, signatures in a gazillion places and fees, fees and more fees! But there is a better way on the horizon.If you have been following any of our previous articles on real estate in the digital age, you can probably guess that this “better way” has something to do with NFTs. And yes, you would be right!Propy Goes First We brought you news about Propy, a company whose goal was to sell NFT-backed real…
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Mar
08
2022
By Ellen Britt
The Great Shakeup – How Monetization Of The Metaverse Is Shaking Up The Real Estate Industry

The Great Shakeup – How Monetization Of The Metaverse Is Shaking Up The Real Estate Industry

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Ellen Britt for CNT #NFT There are clear signs that virtual commercial real estate residing in the metaverse is going to have a huge role for the foreseeable future. We’ve already reported that Swivel, the Austin Texas-based firm, by all reports making the pivot from designing real-world corporate offices to bringing their talents to virtual commercial real estate clients.  And we got you up to speed on what JP Morgan Chase is doing with their opening of a swanky new office in the metaverse’s Metajuku mall. First To Market Plus we told you about the real estate firm Propy, who just…
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Jan
29
2022
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By Ellen Britt
NFTs Get Real With NFT Real Estate Platform

NFTs Get Real With NFT Real Estate Platform

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Ellen Britt for CNT #NFT It’s one thing for NFTs to be getting a lot of attention in terms of artists’ creations and the embrace of all things NFT by such big players as Coca-cola, Crocs, the NFL, Mercedes-Benz, and now Lamborghini, but now things are getting real…with real estate that is! Last year, the blockchain startup Propy looked to use blockchain technology via smart contracts to smooth out actual physical real estate sales. The company did sell an apartment as an NFT but not in the U.S., as the apartment was in Ukraine. Now Propy is launching real estate-backed NFTs in the US…
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