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 Belongings announces the addition of decentralized trade (DEX) Parcl (PARCL) to its roadmap, triggering a virtually 50% rally in simply 24 hours.
Coinbase makes use of the itemizing roadmap for transparency and to forestall 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 probably be accessible for buying and selling sooner or later.
Parcl is a platform that lets customers commerce and spend money on actual property through artificial property with out having to really personal any property. Artificial property are blockchain-based representations of real-world property, similar 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 particular index.
“Metropolis Indexes characterize the combination worth of actual property in a specific metropolis. As a substitute of buying and selling particular person properties, you possibly can commerce the index value that represents the median value per sq. foot or sq. meter, supplying you with diversified publicity to a whole metropolis’s actual property market.”
A few of the cities tracked for buying and selling by Parcl embrace New York, Miami Seaside, 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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