How can static properties be properly initialized and accessed in PHP classes?

Static properties in PHP classes can be properly initialized and accessed by using the `self` keyword followed by `::` to access the static property within the class itself. To initialize static properties, you can use a static initializer or set the value directly within the class definition.

class MyClass {
    public static $staticProperty;

    public static function initializeStaticProperty($value) {
        self::$staticProperty = $value;
    }
}

MyClass::initializeStaticProperty("Initialized value");
echo MyClass::$staticProperty; // Output: Initialized value