Unstoppable Domains, the leading provider of Web3 domains, has partnered with Propy, a prominent AI and blockchain-based real estate platform, to introduce the new .propy Web3 domain. This innovative domain aims to empower real estate professionals, buyers, and sellers by providing a secure, user-owned digital identity. This launch aligns with Propy’s vision of enabling “self-driving property transactions,” which seek to eliminate barriers to real estate ownership in a technology-driven landscape. Leveraging blockchain technology, the .propy domain aims to transform not only real estate transactions but also cryptocurrency exchanges and brand advocacy for blockchain-based property ownership.
Propy has facilitated over $4 billion in real estate transactions since its inception, with thousands of agents and homebuyers across the USA utilizing its platform. This substantial industry presence underscores the relevance of the .propy domain, positioning it as a pivotal tool for advancing the adoption of blockchain solutions in traditional real estate.
The Power of Web3 Domains
Web3 domains, such as .propy, are blockchain-based, user-owned digital assets that function as decentralized identifiers. They offer benefits such as censorship-resistant websites and simplified cryptocurrency transactions, distinguishing them from traditional domains rented from centralized authorities. With the .propy domain, real estate professionals, investors, and homeowners can harness the power of Web3 technology in their cryptocurrency and property dealings.
Natalia Karayaneva, CEO of Propy, expressed enthusiasm for the partnership with Unstoppable Domains, viewing it as a step toward a future where real estate transactions become as seamless as sending an email. She emphasized the blockchain’s ability to store real estate data and facilitate transactions without intermediaries, highlighting the .propy domain as a crucial advancement. This domain is expected to streamline processes and unlock unprecedented possibilities in the real estate sector.
Sandy Carter, COO of Unstoppable Domains, shared similar excitement about collaborating with Propy. She pointed out that Unstoppable Domains prioritizes partnerships with companies that offer solutions to onboard the masses into Web3. The .propy domain is anticipated to serve as a digital identifier, enabling more streamlined interactions and enhancing brand ambassadorship to demonstrate the value of Web3 in real estate.
A Strategic Move Towards Web2-Web3 Integration
Propy’s collaboration with Unstoppable Domains marks a significant step forward, positioning the company alongside over ten other Web3 companies, including Blockchain.com. These organizations are collectively strategizing for the upcoming Internet Corporation for Assigned Names and Numbers (ICANN) general Top Level Domains (gTLD) application round in 2026. The objective is to create “twin” domains that merge the best aspects of Web2 and Web3, allowing users, brands, and companies to fully leverage the potential of Web3 domains within the traditional internet framework.
If successful, the .propy domain will join the ranks of iconic ICANN-registered generic top-level domains like .com, .net, .org, .biz, and .info. This initiative is envisioned as just the beginning, opening the door to other industry-specific Web3 domains. This strategy promises to enable users, brands, and companies to fully exploit blockchain technology within traditional real estate, offering a glimpse into a future where technology seamlessly integrates with established practices.
Conclusion: A New Era for Real Estate
The introduction of the .propy Web3 domain represents a significant milestone in the evolution of real estate transactions. By leveraging blockchain technology, Propy and Unstoppable Domains are poised to revolutionize how real estate professionals, buyers, and sellers interact with property and cryptocurrency. This partnership marks a strategic move towards integrating Web2 and Web3, promising a future where the benefits of both worlds are fully realized in the real estate industry.