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Cryptocurrency News Articles
Coded Estate Closes Oversubscribed Angel Funding Round from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors, and More
Oct 09, 2024 at 10:07 pm
Coded Estate has successfully closed an oversubscribed angel funding round with investments from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors, and more.
Chainwire, Paris, France, October 9th, 2024
Coded Estate, a Web3 platform bringing real estate on-chain for sales, rentals, and fractional ownership, has closed an oversubscribed angel funding round. The round saw participation from several notable VCs, including Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors, and more.
In addition to the funding news, Coded Estate also announced the launch of its “Pre-Season Mainnet Campaign”. The initiative aims to bootstrap the platform with early liquidity and set the stage for its mainnet release on top of Sai Perpetuals, powered by Nibiru Chain.
“Our mission is to redefine real estate transactions through the blockchain, making ownership more accessible and fun! Partnering with Nibiru enhances our capabilities, and the pre-season campaign is just the beginning as we prepare to launch a platform that will change how people invest in real estate forever,” said Didrik Angell, Co-founder.
Coded Estate Leverages Blockchain for Real Estate Innovation
Coded Estate is a Web3 platform that aims to revolutionize the $280 trillion global real estate market by bringing homes on-chain for sales and rentals. The platform will also feature fractional ownership and housing market speculation, transforming it into an accessible, efficient, and transparent market, leveraging dNFTs, hybrid smart contracts, and zero-knowledge proofs (ZKPs).
“By integrating these technologies, Coded Estate will allow users to invest in fractional ownership of properties, making real estate markets more accessible and efficient. The platform is designed to overcome traditional barriers to property investment and speculation, with a focus on transparency and ease of use,” said Didrik Angell, Co-founder.
Coded Estate’s strategic integration with Nibiru will see the platform leverage Nibiru Chain, a blockchain and a smart contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain is designed to meet the growing demand for versatile, scalable, and easy-to-use Web3 applications.
Nibiru EVM, which was released for alpha testing in June 2024, will significantly expand the market reach and facilitate seamless integration with the broader cryptocurrency ecosystem. This functionality will also open up Coded Estate and other Wasm-based applications on Nibiru to the vast Ethereum user base.
Coded Estate Pre-Season Mainnet Campaign to Introduce Early Liquidity
Coded Estate also announced its Pre-Season Mainnet Campaign, inviting users to join the platform early and reap the benefits. The initiative marks the culmination of Coded Estate’s journey from concept to execution and invites users to seed the initial liquidity pool and receive exclusive benefits, such as early adopter incentives.
The campaign also integrates with Sai, a decentralized perpetual trading platform launching on Nibiru, which will offer RWA (real world asset) perpetual market opportunities for users.
About Coded Estate
Coded Estate is the Real Estate hub of Web 3.0. The platform brings homes on-chain, rentals on-chain whilst transforming fractional ownership and housing market speculation into accessible, efficient and transparent markets leveraging dNFTS, hybrid smart contracts and zero-knowledge proofs (ZKp).
About Sai
Sai is a newly developed perpetual trading application built on Nibiru. Through its integration with Coded Estate, Sai supports enhanced trading and liquidity management solutions, strengthening the overall ecosystem.
Contact
Media
Coded Estate
[email protected]
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