đ Real Estate Powered by Blockchain
Parcl - global digital real estate powered by Solana
Today's Highlights
- Parcl - real estate trading made easy and efficient
- Today's Infographic
- In Other News - a few interesting developments we're tracking.
Parcl - real estate trading made easy and efficient
Parcl is a digital real estate trading platform built on Solana, a blockchain specifically designed to host decentralized and scalable applications. Via the innovative Parcl trading platform and leveraging data provided by Parcl Labs, Parcl facilitates real estate investment. It provides exposure to the most desirable cities in the United States including New York City, Miami, Phoenix, and Los Angeles, and with global cities such as Paris, London and Singapore. Â
Parcl allows users to browse global real estate markets, gain detailed insights, and have the opportunity to buy real estate markets based on whether they think the real world property values will increase or decrease. To provide users with the most accurate and reliable data to trade on, Parcl prices are powered by the Parcl Price Feed, which represents the median price per square foot/meter, aggregated at either the city or neighborhood level, and updated daily. Built differently from other fractionalized real estate platforms, Parcl takes a novel approach to increase liquidity and improve scale in order to improve diversification. These derivatives can improve diversification and add stability within a portfolio with a total addressable market.
To create an intuitive trading experience Parcl developed key enhancements that allow users to invest in a more capital-efficient manner, including leverage, with confidence that positions will always be opened and closed against the current Parcl Price Feed price for any given market. This is in addition to new markets and new functionality such as research tools, portfolio view, and many other user-facing enhancements. The Parcl Protocol enables users to diversify their investment portfolio and potentially earn passive income. By investing in a variety of real estate indices, they can spread risk and increase their chances for success.
Trevor Bacon is the founder and CEO of Parcl. Parcl has raised a total of $11.5M in funding.