Blockchain real estate startup completes finance round to expand investments in digitized properties

Blockchain real estate startup completes finance round to expand investments in digitized properties

parcl, a startup that digitized real estate investments about the Solana blockchain, applied a seed round of $ 4.1 million on Tuesday.

The company based in New York has 15 full -time employees, but intends to increase his workforce to 25 by the end of the year, Mitstreuferer and CEO Trevor Bacon told Blockworks.

"It is a difficult setting environment, but we managed to attract some of the best talents with our team and our vision," said Bacon.

The PARCL mission is to give everyone the opportunity to invest in real estate, a market with historically high entry barriers but constant returns.

The Protocol of Parcl enables users to invest in a digital square foot of real real estate via its price index, which reproduces the price per quadrat foot in various neighborhoods. The platform has transaction fees, but no minimum investment requirements.

"[for example], Tribeca will have a price per quadrat foot of about $ 2,000, and we call it a 'package'," he added. "'A parcel' is a square foot of a certain neighborhood, and the blockchain enables you to create and act these assets.

Under the direction of Archetype, Coinbase Ventures, Dragonfly Capital, Solana Ventures, Parafi, Shima Capital, Slow Ventures, Tribe Capital, Not Boring Capital and FJ Labs. In the coming weeks,

parcl will start a test network together with the publication and the sale of a non-fungable token collection (NFT). The entire proceeds, said Bacon, are used to buy someone a house.

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The contribution Blockchain-Immobilien-Startup starts round to expand digitized real estate investments is not a financial advice.