Tokenized Real Estate Project PropyKeys Announces Public Launch

PropyKeys, a tokenized real estate project deployed on Base, the Ethereum Layer 2 network, has opened its doors to the public.

Now anyone can use the PropyKeys app to create digital addresses for physical assets, from home addresses to global landmarks. The project aims to prevent deed fraud and streamline the home buying and selling process by strengthening real estate deed security by moving from a paper-based system to a digital system on blockchain.

PropyKeys is part of the Propy ecosystem. PRO tokens are up 45% in the past month but remain 85% below their 2018 highs.

Today, the platform is introducing a staking mechanism that rewards users with PRO tokens for issuing and securing on-chain addresses and ownership certificates. Users can also create AI-generated global landmark NFTs that can be personalized with cryptocurrency logos and styles.

According to the Dune dashboard, nearly 1,800 addresses were created during the two-month beta testing period. Holders have the option to transfer the NFT to the owner of the property in exchange for additional staking rights.