Key Takeaways
- Propy has partnered with Unstoppable Domains to introduce a .propy web3 domain, simplifying and securing real estate transactions through blockchain technology.
- This new domain enables user-owned digital identities, removing the need for intermediaries and streamlining the buying and selling process.
- The .propy domain offers decentralized identifiers, supporting censorship-resistant websites and facilitating cryptocurrency transactions.
- Real estate professionals, investors, and homeowners now have a secure platform to manage property transactions efficiently.
Propy, an AI and blockchain-based real estate platform, has launched the ‘propy’ web3 domain in collaboration with Unstoppable Domains. This launch aims to simplify transactions and enhance security by eliminating intermediaries in the real estate sector.
The new Web3 domain by Propy aims to provide real estate professionals, buyers, and sellers with a secure, user-owned digital identity. This aligns with Propy’s vision of self-driving property transactions, utilizing cutting-edge technology to break down barriers in real estate ownership.
By leveraging blockchain technology, the domain aims to revolutionize the process of buying, selling, and managing properties while facilitating seamless cryptocurrency transactions and enhancing the role of blockchain in real estate.
The introduction of .propy is expected to further integrate blockchain solutions into traditional real estate, increasing industry efficiency and security.
Web3 domains, which are blockchain-based and user-owned, offer significant advantages over traditional domains by supporting censorship-resistant websites and simplified cryptocurrency transactions.
Natalia Karayaneva, CEO of Propy, stated, “It’s a step towards a future where real estate transactions are as easy as sending an email. The blockchain allows owners to store real estate data and enable transactions without intermediaries. The .propy domain is a crucial step in this direction, streamlining the entire process and unlocking new possibilities.”
Sandy Carter, COO of Unstoppable Domains, expressed excitement about collaborating with Propy to spearhead the evolution of real estate domains into Web3. They aim to offer .propy as a digital identifier to enable streamlined interactions and brand ambassadorship, highlighting the value of Web3 real estate.
Propy, as a new partner of Unstoppable Domains, will join other web3 companies in strategizing and applying for the upcoming Internet Corporation for Assigned Names and
Numbers (ICANN) general Top Level Domains (gTLD) application round in 2026. This initiative aims to create Web2-Web3 domain “twins” for users, brands, and companies.
The launch of .propy TLD opens the door for other industry-specific Web3 domains, allowing users, brands, and companies to fully utilize blockchain technology in traditional real estate.
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