Real Estate Tokenization and DeFi Partnership
A strategic partnership between Propy, a real estate tokenization platform, and Parcl, a DeFi protocol specializing in real estate data, aims to enhance analytics for on-chain real estate transactions. By leveraging Parcl’s API and acquiring/staking Parcl’s $PRCL token, Propy aims to improve property valuation and analytics to bring more real estate markets onto the blockchain.
On-Chain Real Estate Innovation
Within three months, Propy has successfully on-chained 200,000 addresses, including 80,000 U.S. homes, with the potential to surpass $50 billion by the end of the year. Parcl’s technology aggregates data from over 5,000 sources to provide comprehensive housing market information, offering cutting-edge tools for interacting with on-chain real estate and enhancing accessibility and security in global real estate markets.
Enhancing Real Estate Market Transparency
CEO of Propy, Natalia Karayaneva, highlights how the partnership with Parcl enhances Propy’s mission to secure and elevate the real estate market by providing accurate and transparent property valuations. This collaboration sets new standards in real estate and unlocks more possibilities for innovative on-chain applications, demonstrating the potential for growth and development in the real estate space.
