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<p>The world of real estate is on the cusp of a revolutionary transformation driven by blockchain technology and the advent of non-fungible tokens (NFTs). Leading this charge is <a href="https://propy.com/home/" rel="noopener noreferrer nofollow">Propy</a>, a pioneering real estate marketplace that leverages blockchain to streamline and automate property purchases.</p>
<p>According to Natalia Karayaneva, CEO of Propy, the tokenization of real estate assets can potentially save consumers up to 10% of a property's value by eliminating intermediaries and reducing transaction costs. By minting property deeds as NFTs, ownership records become securely stored on the blockchain, immune to fraud and accessible to authorized parties.</p>
<p>Propy's innovative platform allows users to mint their home addresses as NFTs, claim ownership, and subsequently sell their properties as real-world asset (RWA) NFTs within hours. This process is facilitated by Propy's AI tools, which review documents, streamline closings, and feed accurate data into the settlement protocol, significantly reducing the time and complexity involved in traditional real estate transactions.</p>
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<p>The integration of augmented and virtual reality technologies is poised to further revolutionize the home-buying experience. Platforms like Matterport have already digitized millions of homes in 3D, enabling prospective buyers to explore properties virtually before making a purchase decision. Propy aims to incentivize agents and consumers to contribute 3D models to their marketplace, elevating the user experience and paving the way for seamless, immersive transactions.</p>
<p>As the real estate industry continues to embrace Web3 innovations, regulatory bodies are also adapting. Freddie Mac and other mortgage corporations have approved waivers for appraisals based on AI-powered home analysis apps, further streamlining the settlement process. With the potential to double or triple the number of annual home sales in the U.S., the tokenization of real estate promises to unlock unprecedented liquidity and accessibility in this crucial asset class.</p>
<p><strong>Guest:</strong> Natalia Karayaneva, CEO of Propy<br>Propy website ➜ <a href="https://propy.com/home/" rel="noopener noreferrer nofollow">https://propy.com/home/</a></p>
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Propy Real-Estate Tokenization & Transactions | CEO INTERVIEW

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