Author: Weilin, PANews
The tokenization of real-world assets (RWA) is one of the fastest-growing tracks in this crypto cycle, according to data from rwa.xyz, the on-chain asset value of real-world assets reached $17.925 billion as of March 10, up 95.64% from $9.162 billion in the same period last year.
RWA is bringing more possibilities to the crypto world, and at the same time, AI and RWA are also organically combining. For example, the blockchain-based real estate RWA project Propy, by adopting AI technology, has effectively increased its profit margin to 40% and achieved 24/7 online property transaction operations, bringing the unique efficiency, transparency and security of the crypto world.
Propy: AI empowers real estate transactions to build an efficient disintermediation model
Propy, the leading RWA real estate project, supports on-chain real estate assets, smart contracts and property tokenization, realizing the convenience and security of cross-border real estate transactions. Propy has three core products: the Propy real estate buying and selling platform, the Propy title and escrow services, and PropyKeys. Propy is committed to revolutionizing the traditional real estate industry with blockchain technology, solving the pain points of too many intermediaries, slow processes, and potential fraud in transactions.
Among them, PropyKeys is based on the Ethereum Layer 2 network Base, realizing the tokenization of real estate. In March last year, PropyKeys was officially opened to the public. Users can use the PropyKeys app to mint and store on-chain addresses corresponding to physical properties and title certificates. PropyKeys has now officially exceeded 300,000 minted addresses globally.
Propy adopts AI technology, becoming a typical case of the combination of AI and blockchain. Real estate professionals can now say goodbye to time-consuming manual data entry and easily complete transactions, saving valuable time and effort.
To provide the most advanced tools, the Propy platform has created a transaction timeline to help agents, sellers and buyers clearly understand the time arrangement of each transaction step. With Propy AI, managing the transaction timeline becomes easy, as the tool can automatically read the purchase agreement, generate a transaction tracker for users, and initiate the settlement process.
It can also intelligently add deadlines for each step of the transaction, guiding all relevant parties on when to pay the first and second deposits, when to complete the loan approval, etc. - all done in an instant. Goodbye to tedious paperwork and endless information communication, now real estate transactions have become more efficient and convenient.
Recently, Propy has also launched the online marketing campaign "Own Your Tomorrow", where investors and users can win different amounts of PRO tokens by sharing promotional videos, registering and inviting friends, and recommending friends to use the crypto escrow service. Users can learn more here.
As the leader in the real estate RWA track, Propy continues to promote the implementation of innovative ideas. In January this year, Propy launched a new loan product that supports the purchase of a Hawaii apartment by mortgaging crypto assets. The starting price of this apartment is 250,000 USDC, and as an on-chain RWA asset, buyers can skip the traditional 30-day transaction process and complete the transaction almost instantly by paying in cryptocurrency. On February 2, Propy announced the successful sale of this Hawaii real estate asset - through multiple on-chain bids, the final transaction was completed through the first Bitcoin-backed loan. In October 2024, Propy will also launch a crypto currency third-party escrow service based on the Coinbase Prime platform and services, further providing high-quality services for on-chain real estate assets and fast, efficient, and secure transactions, becoming the latest adoption scenario of the combination of RWA and AI.
The rise of the AI+RWA trend, the real estate track may become a key application field
From a broader perspective, the RWA track that Propy has been cultivating is gradually becoming a new engine for the crypto market, releasing a steady stream of growth momentum. The core concept of RWA is to digitize various assets in the traditional financial market (such as bonds, real estate, stocks, art, private equity, etc.) and convert them into tokenized assets that can be traded, mortgaged or borrowed on the chain through blockchain technology. This process not only enhances the liquidity of assets, but also reduces the friction costs in traditional financial markets, such as long transaction settlement times, high intermediary costs, and limited liquidity.
Now, a brand new RWA development trend that combines AI and RWA is attracting more and more capital and market attention. It can involve the following aspects: AI-driven asset valuation, risk management and predictive analysis, the application of AI in smart contract automation, AI-driven liquidity optimization, AI-empowered security and fraud detection, personalized enhancement of investor experience, and the application of AI in compliance and regulatory monitoring, etc.
By observing the dynamics of the crypto market, it can be found that recently, many RWA projects have integrated more AI technology, although the combination of the two is still in the early stage. According to the analysis of venture capital and digital asset fund Decasonic, while token
As the on-chain asset value of RWA grows rapidly and the integration of AI+RWA technology deepens, the real estate sector is becoming a field worth attention. As a pioneer in this track, Propy uses AI to optimize the transaction process and improve efficiency, and attracts user participation through innovative marketing activities. In the future, the combination of AI and blockchain may further accelerate the digital transformation of the real estate market, providing global investors with a more transparent, efficient and secure trading experience.
