We have a partnership with propy. This is only propys second transaction. Also the buyer may not need collateral services. But propy is just beginning in a whole new space and growing. We are their first partner, as they grow we can grow. Why must everything be a negative with you. They could cure cancer and you would still be like but they didn’t sell sanitizer. Trash. Come on TC. Time to move along.
The second ever and first US based property is now up for auction.
Propy has announced that they are launching as many as 1-2 NFT real estate sales per day in the coming months beginning in March... and further expect that to increase dramatically as they continue to fine tune the process and onboard more crypto-certified agents.
Each and every property that becomes NFT'd becomes a potential collateral/equity loan customer.
Propy stated that Helio is currently the only partner available to facilitate these loans.
Should we continue to see the broad media exposure this project is bringing to propy & Crypto Real Estate in general... and the expected volumes of real estate NFT's meet expectations... one would be able to reasonably speculate that Helio/CYIO would benefit from this partnership.
Would I expect every single NFT homeowner to have need of or want a collateral loan? Of course not. However, collateral & equity lending is a very big part of the current analog real estate ecosystem. It's reasonable to speculate that collateral lending will be a large part of this emerging digital real estate ecosystem.
I'm perfectly content NOT to set ANY expectations for time frame or loan volumes because of the fact that this entire concept is still bleeding edge.
The fact that propy continues to execute on this project and that Helio/CYIO is a part of it is a fair enough reason enough for one to harbor a bit of excitement and continue to follow the project as it evolves.
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