Renowned American entrepreneur and real estate magnate Grant Cardone has put up a grandiose estate for sale on the innovative Propy platform, which leverages blockchain technology for real estate transactions.
**Grant Cardone’s Opulent Abode Hits the Market on Propy**
By Sead Fadilpašić
Updated: July 4, 2024, 08:35 EDT | Reading Time: 2 minutes
Nestled in the exclusive enclave of Golden Beach, Florida, this sprawling 7-bedroom, 8-bathroom residence spans 13,000 square feet and boasts a 100-foot stretch of pristine private beach. The property is listed at a commanding $42 million.
Propy’s platform, which operates on the cutting edge of real estate technology, offers the convenience of minting property deeds online. It also accommodates payments in Bitcoin (BTC), seamlessly converting them to US dollars as necessary.
Courtesy of propy.com
**Innovating Property Ownership with PropyKeys**
On the PropyKeys protocol, a feature of Coinbase’s Layer 2 network known as Base, Propy is pioneering the minting of private, on-chain addresses. The goal is to tokenize one million home addresses by 2025, effectively bringing real estate into the digital age.
Propy’s system includes a decentralized title registry and an escrow settlement protocol, serving multiple purposes: securely storing land records, streamlining transactions, preventing fraud, and simplifying the process of buying a home. The blockchain’s robust security ensures the protection of private data throughout the seller-buyer transaction.
Natalia Karayaneva, the visionary Founder and CEO of Propy, asserts, “Propy’s sophisticated blockchain infrastructure, adherence to crypto and dollar payment compliance, and dedication to privacy empower our clients to approach the closing process with assurance.”
She adds, “Featuring Cardone’s listing in both BTC and USD, complete with our latest privacy deed innovation, underscores Propy’s pioneering role at the crossroads of real estate and cryptocurrency.”
**Grant Cardone: A Controversial Figure in Real Estate and Beyond**
Grant Cardone, a prominent figure in American business, oversees a $4 billion asset management firm. He founded 10X Studios and Cardone Ventures, co-founded 16 companies, and authored New York Times best-selling business books.
Cardone’s enthusiasm for the blockchain’s potential to transform real estate is palpable. “We’re fully committed to the blockchain’s role in revolutionizing real estate. By harnessing premier technology, we’re making transactions fluid and irrefutable. This is the dawn of a new era in real estate,” he declares.
Cardone’s career, however, has not been without its share of disputes and controversies. In 2013, HuffPost uncovered documents indicating Cardone’s involvement in numerous business disagreements, with associates facing fraud allegations by federal authorities. Additionally, investors and clients of his training programs have leveled accusations of fraud against the financial influencer.
Despite these controversies, Cardone has remained a steadfast supporter of Donald Trump, even after Trump’s conviction on multiple charges of falsifying business records.
Cardone has also voiced unconventional opinions on entrepreneurship. Earlier this year, he criticized the notion of starting a business, labeling it “the dumbest, most selfish act one could undertake.” Instead, he advocates for investing in cash-flowing enterprises, such as those in real estate and banking.
“Real estate stands as a formidable business,” he contends.
In a bold move in 2019, Cardone offered $1 million to Bitcoin’s enigmatic creator, Satoshi Nakamoto, to make an appearance and speak at the 10X conference that year.
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