PropyKeys Officially Launches, Introducing Onchain Home Addresses as a New Asset Class

Now on Coinbase’s Layer-2 Base, PropyKeys aims to democratize real estate investing by enabling users to mint addresses and deeds onchain PropyKeys, a standout project within the Propy ecosystem known for its blockchain-powered real estate solutions, today announced the public launch of their innovative decentralized application (dApp) that enables users to mint a digital address corresponding to a tangible property.

Deployed on Base, Coinbase’s layer-2 network, and powered by the PRO token, users can mint digital versions of any home addresses or global landmarks. Furthering Propy’s mission to democratize real estate ownership, PropyKeys is creating a home addresses platform and property deed storage on the blockchain. Within just two months of invite-only beta testing, PropyKeys saw widespread adoption with over 1,600 addresses minted, including 300 global landmarks.

By bridging the physical realm with the digital landscape, PropyKeys is empowering users to create digital representations of real-world property addresses, similar to possessing a domain name for a segment of the internet. After an address is acquired, the buyer can later transfer ownership to the owner of the corresponding property in exchange for additional staking power.

In coordination with the public launch, PropyKeys is releasing a series of new features that provide an engaging and accessible introduction to real world asset (RWA) tokenization. As of today, PropyKeys is launching a staking mechanism, enriching the platform with new incentives. This feature rewards users with PRO tokens—available on Coinbase—for their contribution in minting and safeguarding onchain addresses and onchain title deeds.

PropyKeys is setting a new standard for property deed security by shifting from paper-based to digital, algorithm-secured systems. This transition to an onchain, open-source, and community-managed registry enhances protection against deed theft, ensuring a trustworthy environment for property transactions.