### What is Propy?

Propy is an Ethereum-based blockchain real estate platform designed to streamline the buying and selling of properties. It leverages smart contracts and decentralised technology to eliminate the need for intermediaries, making real estate transactions more efficient, transparent, and secure.

### How does Propy work?

Propy integrates blockchain technology and smart contracts into real estate transactions. It records each transaction on the Ethereum blockchain, ensuring transparency and security. Smart contracts automate the transaction process by executing automatically when predefined conditions are met, which can reduce the need for intermediaries such as lawyers and brokers. Propy also supports tokenized properties, allowing real estate to be represented as NFTs, further facilitating transactions and liquidity.

### What are the potential use cases for Propy?

Propy has several potential use cases, including:
- **Real Estate Transactions**: Facilitating secure and efficient cross-border transactions without intermediaries.
- **Tokenized Properties**: Enabling fractional ownership and NFT-based real estate transactions.
- **Blockchain Registry**: Recording land titles and property details on the blockchain for transparency and immutability.
- **Smart Contracts**: Automating title and escrow services, reducing transactional risks and costs.
- **Notable Partnerships**: Engaging with governmental and financial institutions to enable blockchain-based property transactions.

### What is the history of Propy?

Propy was founded in 2016 by Natalia Karayaneva, a software engineer and real estate developer. Key milestones include:
- **2017**: Conducted an ICO, raising funds for further development and completed the first blockchain-based real estate transaction in the U.S.
- **2018**: Released a comprehensive whitepaper detailing their platform and goals.
- **2019**: Launched a transaction platform for completing real estate deals entirely online.
- **2021**: Conducted the world's first NFT-based real estate sale in Kiev, Ukraine.
Propy has continuously evolved, expanding its technology and market presence with significant transaction volumes through its platform.

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