As a seasoned crypto investor with a keen interest in real estate and blockchain technology, I am thrilled to witness the strategic partnership between Propy and Parcl. Having closely followed both companies’ progress, I believe this collaboration is poised to revolutionize the on-chain real estate sector.
A collaboration between Propy, a real estate tokenization platform, and Parcl, a decentralized finance (DeFi) protocol focused on real estate data, has been unveiled. The goal is to enhance the analytical capabilities for on-chain real estate transactions.
Parcl and Propy are joining forces to boost the capabilities of PropyKeys, a platform that has already secured tokens representing over $10 billion in value from US homes, with projections indicating it will exceed $50 billion by year-end.
With the help of Parcl Labs’ API, Propy’s project aims to enhance property valuation and data analysis. By obtaining this access through purchasing and holding Parcl’s $PRCL tokens, there is a goal to introduce more real estate sectors into the blockchain realm.
Real estate and on-chain innovation
Over the past three months, Propy has managed to link 200,000 addresses to its platform, among which are approximately 80,000 U.S. properties, a significant number of which are currently available for purchase.
Parcl’s technology collects information from more than 5,000 different sources, creating an extensive database for housing market insights. This data includes rental properties, listings, and sales transactions, all of which can be searched and accessed by specific property.
The team aims to provide users with advanced on-chain real estate interaction tools, enhancing accessibility and ensuring security within the global real estate marketplaces.
Natalia Karayaneva, the CEO of Propy, highlighted that this collaboration advances Propy’s objective to safeguard and improve the real estate sector through offering precise and open property evaluations.
“Karayaneva stated that Propy’s long-standing goal is to enhance and safeguard the real estate sector, and our collaboration with Parcl is bringing this objective to greater heights.”
Trevor Benson, CEO of Parcl, emphasized the significant possibilities this partnership holds for raising the bar in the realm of real estate.
“Bacon expressed his enthusiasm about the possibility of utilizing Parcl Labs’ data to fuel other on-chain applications. He believes that this collaboration will lead to discovering new applications for Propy and showcase the potential for those aiming to pioneer innovation in the real estate sector.”
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2024-07-18 22:40