Grant Cardone, a financial influencer and entrepreneur from the United States, has advertised a luxurious, expansive property on Propy’s blockchain-based real estate platform.
The asking price of the private property in Golden Beach, Florida, USA, is $42,000,000.
This property boasts 7 bedrooms and 8 bathrooms, as well as 100 feet of private beachfront access and other luxurious amenities, all situated on 13,000 square feet.
The deed is generated online by the platform, which receives Bitcoin (BTC) and converts it to USD as required.
Minting Deeds on the Propy
Propy generates private addresses via the PropyKeys protocol. This on-chain tokenized address market operates on Base, Coinbase’s Layer 2 network.
“PropyKeys strives to bring one million home addresses on-chain by 2025 and brings real estate on-chain through NFT home addresses,” stated the announcement.
Additionally, Propy implements an escrow settlement protocol and a decentralized title registry.
These serve a variety of purposes, including simplification of the home-purchasing process, facilitation of transactions, elimination of fraudulent transactions, and storage of land records.
Blockchain guarantees the security of all private information throughout the transaction between the seller and the client.
Natalia Karayaneva, the Founder and CEO of Propy, made the following statement: “Our clients can confidently navigate the closing process with Propy’s advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy.”
“Our leadership in the intersection of real estate and crypto is underscored by the inclusion of Cardone’s listing in BTC and USD on Propy, which was created with our most recent privacy deed feature,” she observed.
The Future of Real Estate
According to his website, Grant Cardone is an American industrialist, real estate investor, and equity fund manager with a $4 billion asset under management.
In addition to being a New York Times best-selling author of business books, he is the founder of 10X Studios, Cardone Ventures, and 10X Health System and a co-founder/investor in sixteen businesses.
Cardone stated in response to the Propy listing that “we are all in favor of blockchain revolutionizing real estate.” We are utilizing top-tier technology to ensure that transactions are both unstoppable and seamless. He stated, “This is the future of real estate.”
On the other hand, Cardone is not unfamiliar with the ability to incite controversy with his opinions on various subjects.
In 2013, HuffPost reported reviewing documents that indicated Cardone had been “involved in a series of business disputes over the years” and that individuals in his vicinity had been accused of fraud by federal authorities.
Additionally, as noted in the report, the financial influencer was accused of fraud by the clients of training programs and investors.
Additionally, Cardone has maintained his endorsement of Donald Trump despite the latter’s conviction on 34 counts of falsifying business records.
Cardone expressed his opposition to commencing a business earlier this year. He asserted it is the “most selfish, dumbest action a person could take.”
Instead, he recommended “a business that generates cash flow,” such as finance and real estate.
He stated, “Real estate is an exceptional enterprise.”
In 2019, Cardone invited Satoshi Nakamoto, the inventor of Bitcoin, to attend and deliver a speech at the 10X conference that year. The offer was valued at $1 million.