Buy Real-World Property's On NFT

Blockchain startup Propy uses the concept of smart contracts to smoothen the process of real estate sales.

It first sold an apartment as NFT in Ukraine in 2021 and now introduces the same in the US.

Propy auctioned 2 properties in Florida by turning them into NFTs.

It works by placing the record of the purchase on the immutable blockchain network and provides access to legal documents signifying ownership.

This reduces the cost for the buyer and makes purchasing quick and easy.

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