Coded Estate's Oversubscribed Angel Round Fuels Launch of Real Estate Hub on Nibiru Chain

Paris, France, October 9th, 2024, Chainwire

Coded Estate has successfully closed an oversubscribed angel funding round with investments from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors, and more. In addition, Coded Estate formally announces the launch of its “Pre-Season Mainnet Campaign”, an initiative aimed at bootstrapping the platform with early liquidity and setting the stage for its mainnet release 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 InnovationCoded Estate seeks to transform the $280 trillion global real estate market through blockchain technology. Founded by a team of blockchain experts with experience building applications on Solana , Thorchain, and Sei Network, Coded Estate aims 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 NibiruCoded Estate’s strategic move to Nibiru—a blockchain and a smart contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain is engineered 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 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.

Pre-Season Mainnet Campaign to Introduce Early Liquidity

Coded Estate formally announces its Pre-Season Mainnet Campaign, designed to reward platform adopters with exclusive benefits. This campaign 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 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.

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This article was originally published on Chainwire

Source: Investing.com