Onchain Real Estate - TOKEN2049 Singapore 2024

hello everyone my name is Denita and I'm the co-founder of propy I'm here today to tell about our mission to put real estate ownership on chain I come from a country in Eastern Europe Bulgaria that was part for 45 years of a regime where private property didn't exist after the second world war entrepreneurs from my country lost their private ownership into the state I was born and raised in the developing regime of that country where the ownership was given back to people and that was the developing country I grew up and I witnessed what it means to gain back control of what belongs to you my kids and my future son are lucky enough to be born in a developed country and I can say that that even developed countries need to go on the next stage and I believe that all of you here understand already the impact of the web tree technology at what it can bring to us but I want to tell you that that's not a new thing for 5,000 years we have been protecting property rights the early proof for that is found in Egypt where actually property ownership was stored on the Block but on a clay block later on we've witnessed the development of that into uh the fial system and the modern rain storage the so-called torrent system in Ed in the 19th century still in a big part around the world property is still recorded on paper of course in the most developed countries property rights are digitized but I'm here today to tell you what happens if from digitizing we go to blockchaining so our mission and go is to um I'm sorry that's the clay blocks I was talking about so our mission is to empower home ownership globally to redefine the property rights and to give them back to the people and into a true open source singer source of Truth titter registry sec cured by blockchain technology of course such an open-sourced uh Community Driven property registry is the only way to guarantee the instantaneous ownership transfer wallet to wallet in a secure and Safe Way at the same time that's the only way where we can have a very fast an efficient transfer that is also saving a lot of time and money which is the biggest problem of the develop world so as I told you property rights are digital in a big part of the world but still we are suffering 10% of home value is being spent for just to make make sure that the transaction is settled properly but we don't need to do that because we have the right technology that is helping us do that in an instant way and we have been proving that for the last already seven years the time is now we've seen companies actually the biggest real estate owner in United States Black Rock it's already adopting the technology from being skeptical few years ago at the same time the biggest lobbyist organization in United States which happens to be the National Association of Realtors it's being sued for unfair advantage and for imposing very high transaction costs and high commissions uh and of course company like ours are striving and building the change and we can see that in the past months we already see um that the consumer is ready and that people are embracing this change finally so a little bit about my company and what we are doing propy is a a real estate transactional engine powered by Ai and web tree uh we are also licensed title an escrow company in united states which allow us to to tokenize properties in a brand new way and when I talk about tokenizing I don't mean just fractional ownership I'm talking about that the co-ownership is put on chain and can be transferred in a very fast instantaneous and secure way but at the same time in a compliant way we were the first one to introduce this system but not the only ones and we are very happy that that's the new way of transferring properties in real estate in United States in fact we've Pro more than 4 billion wor of real estate that way we were the first one to introduced the so called two click property sale experience that happened back in 2021 where a person sold his home in just two minutes auction and uh you can see that was the home in Florida it's a very historical transaction and luckily not the only one now the reality of today is that one in every 10 person in United States is using crypto as a down payment for their home the new generation is using crypto to acquire real estate but that's not not the only great thing that's happening over 120,000 homes are minted solely from March this year in United States by the new generation they're putting their title ownership on chain and that compromise of 10 billion world of real State that's ready to go into the rwa space this is actually the proof that we are ready to embrace the new way of storing digital ownership now I'm going to show you how fast it is actually to put your Deed on chain and by the way you don't have to be in US to do so you can be anywhere around the world and we have a global uh title registry at the end of the day so the most important part here is that we are starting a movement a movement that would eventually in the future turn into a global tighter registry where we all will have our ownership in our wallet so that's just uh how fast it's actually to have your deed stored in the form of nftd in your wallet so we will uh watch till the end but pretty much that's that's the whole process so again the most important element of this is that now is the time to embrace this new way of ownership protection to put our Deed on chain imagine a world where you store not only your crypto belongings but your property ownership on your your onchain wallet well this word exists today you can go ahead and do it uh we are doing this in partnership with uh coinbase at the moment and hopefully with other wallet exchange wallets to secure that the user experience for the end user is seamless and that you have everything that you need uh within your pocket on your phone again we are doing this we are on the mission to make a new liquid real estate economy possible and to address not just the housing affordability and the seamless way of transacting but also to make the world uh the developing World more accessible and to eventually record land globally thank you very much for your attention and if you have any questions please reach out to me