- A collaborative relationship between the real estate tokenization platform Propy and the real estate data-focused DeFi protocol Parcl is intended to enhance on-chain real estate analytics.
Together, Propy and Parcl will improve the PropyKeys platform, which has already tokenized over $10 billion in US houses and is expected to tokenize over $50 billion by year’s end.
Propy’s project will leverage the Parcl Labs API to enhance analytics and property valuation. By acquiring and staking Parcl’s $PRCL token, one can gain access to the blockchain, hence enabling new real estate markets to join it.
Property and blockchain technology
Propy has successfully on-chained 200,000 addresses in just three months, including 80,000 homes in the United States, many of which are for sale right now.
Thanks to its technology, Parcl provides a comprehensive repository of housing market information by aggregating data from over 5,000 sources. It looks at sales, rents, and listings that are indexed and available at the property level.
Their partnership aims to promote accessibility and security in international real estate markets by providing consumers with state-of-the-art tools for dealing with on-chain real estate.
Propy’s CEO, Natalia Karayaneva, stressed that this collaboration advances the company’s objective of safeguarding and advancing the real estate industry by offering precise and frank property assessments.
The purpose of Propy has always been to secure and develop the real estate market, and Karayaneva indicated that the company’s work with Parcl is pursuing this goal.
Trevor Bacon, CEO of Parcl, emphasized how this partnership has the ability to redefine expectations in the real estate industry.
According to Bacon, we are thrilled about the possibility of using Parcl Labs data to power additional onchain applications. We anticipate that the collaboration will allow Propy to find new applications and will show others wishing to innovate in the real estate sector what is feasible.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
