Last year we covered how early blockchain startup Propy planned to use the technology to smooth real-world real estate sales by introducing the concept of smart contracts. It went on to actually sell an apartment as an NFT, using the NFT to effectively rubber stamps the legal process. However, that apart was in Ukraine. Today it launches the whole concept in the US, an entirely different kettle of legal fish.
Today it’s extending the whole process further by launching real-estate-backed NFTs in the United States, working on the technological and legal framework to literally turn real estate properties into NFTs.