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A decentralized actual property buying and selling platform constructed on the good contract platform Solana (SOL) is surging after getting a spot on Coinbase’s itemizing roadmap.
In a brand new thread on the social media platform X, Coinbase Property announces the addition of decentralized trade (DEX) Parcl (PARCL) to its roadmap, triggering an almost 50% rally in simply 24 hours.
Coinbase makes use of the itemizing roadmap for transparency and to stop insider buying and selling on cash previous to them being listed. Being positioned on the itemizing roadmap means the agency has decided the asset will seemingly be obtainable for buying and selling sooner or later.
Parcl is a platform that lets customers commerce and put money into actual property by way of artificial belongings with out having to truly personal any property. Artificial belongings are blockchain-based representations of real-world belongings, akin to shares, securities and property.
Parcl works by offering customers with international metropolis indexes and permitting them to amass tokens that characterize a stake in a selected index.
“Metropolis Indexes characterize the combination worth of actual property in a selected metropolis. As an alternative of buying and selling particular person properties, you’ll be able to commerce the index worth that represents the median worth per sq. foot or sq. meter, providing you with diversified publicity to a whole metropolis’s actual property market.”
A number of the cities tracked for buying and selling by Parcl embody New York, Miami Seashore, San Francisco, Austin, Los Angeles, Chicago, Dubai and much more.
At time of writing, Parcl is buying and selling for $0.516, down over 5% on the day.
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