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Cryptocurrency News Articles
Coded Estate’s Oversubscribed Angel Round Fuels Launch of Real Estate Hub on Nibiru Chain
Oct 09, 2024 at 10:05 pm
Paris, France, October 9th, 2024, Chainwire. Coded Estate has successfully closed an oversubscribed angel funding round with investments from
Coded Estate, a Web3 platform aiming to revolutionize real estate transactions, has successfully closed an oversubscribed angel funding round. The investments will fuel the platform's launch on Nibiru Chain with a “Pre-Season Mainnet Campaign.”
The天使式募资活动 attracted participation from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors and others. Coded Estate is also announcing the launch of its “Pre-Season Mainnet Campaign” to bootstrap the platform with early liquidity and set the stage for its mainnet launch on top of Sai Perpetuals, powered by Nibiru Chain.
“We’re thrilled to close our angel round and to have such esteemed investors on board,” said Co-founder, Didrik Angell. “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.”
Leveraging Blockchain for Real Estate Innovation
Founded by a team of blockchain veterans with experience building applications on Solana, Thorchain and Sei Network, Coded Estate is aiming to create a Web3 hub for real estate. The platform will support on-chain property sales and rentals while offering fractional ownership and enhancing market transparency through the use of dynamic NFTs (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 Co-founder Didrik Angell.
Strategic Integration with Nibiru
Coded Estate is making a strategic move by integrating with Nibiru, 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.
Released for alpha testing in June 2024, Nibiru EVM will significantly expand market reach and 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.
Pre-Season Mainnet Campaign to Introduce Early Liquidity
Coded Estate is also announcing the Pre-Season Mainnet Campaign, which will reward platform adopters with exclusive benefits. This campaign marks the culmination of Coded Estate's journey from concept to execution, inviting users to seed the initial liquidity pool and receive early adopter incentives, among other benefits. 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 premier 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.
For Media Inquiries:
info@codedestate.com
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