Coded Estate Secures Oversubscribed Angel Funding Round and Launches Pre-Season Mainnet Campaign
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. This significant achievement highlights the confidence and support of esteemed investors in the company’s vision and potential for growth. In addition to this milestone, Coded Estate has officially launched its “Pre-Season Mainnet Campaign”, a strategic initiative aimed at bootstrapping the platform with early liquidity and paving the way 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 Innovation
Coded Estate aims to revolutionize the $280 trillion global real estate market by harnessing the power of blockchain technology. The company was founded by a team of blockchain experts with a proven track record in building applications on leading platforms such as Thorchain and Sei Network. Through its innovative approach, Coded Estate seeks to create a Web3 hub for real estate that offers a range of cutting-edge features and functionalities.
- Support for on-chain property sales and rentals
- Facilitation of fractional ownership
- Enhanced market transparency through 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’s strategic partnership with Nibiru—a blockchain and smart contract ecosystem featuring a high-performance, EVM-equivalent execution layer known as Nibiru EVM—marks a significant step towards expanding market reach and enhancing interoperability within the cryptocurrency ecosystem. The integration with Nibiru EVM, which was released for alpha testing in June 2024, will provide users with a seamless experience and unlock new possibilities for growth and innovation.
Pre-Season Mainnet Campaign to Introduce Early Liquidity
Coded Estate’s Pre-Season Mainnet Campaign is designed to reward early adopters with exclusive benefits and incentives. By participating in this campaign, users can help seed the initial liquidity pool and gain access to unique opportunities within the platform. The campaign also aligns with the launch of Sai, a decentralized perpetual trading platform on Nibiru, which will offer real world asset (RWA) perpetual market options for users, further enhancing the ecosystem’s functionality and appeal.
About Coded Estate
Coded Estate stands as the premier Real Estate hub of Web 3.0, offering on-chain homes, rentals, fractional ownership, and transparent market solutions through innovative technologies such as dNFTs, hybrid smart contracts, and ZKPs.
About Sai
Sai is a newly developed perpetual trading application integrated with Nibiru, providing enhanced trading and liquidity management solutions that complement the offerings of Coded Estate, strengthening the overall ecosystem and user experience.
For Media Inquiries:
Contact Media Coded Estate at info@codedestate.com.
Original article published on Chainwire
Analysis
The successful closure of an oversubscribed angel funding round by Coded Estate, along with the launch of its Pre-Season Mainnet Campaign, signals a new era of innovation and growth in the real estate market. By leveraging blockchain technology and strategic partnerships with platforms like Nibiru, Coded Estate is poised to transform the industry, making property ownership more accessible, transparent, and efficient for investors and users alike.
The integration of cutting-edge features such as fractional ownership, dynamic NFTs, and hybrid smart contracts demonstrates Coded Estate’s commitment to revolutionizing traditional real estate practices and creating a more inclusive and user-friendly market environment. Additionally, the company’s collaboration with Sai and the introduction of the Pre-Season Mainnet Campaign highlight its focus on enhancing liquidity, market opportunities, and user engagement within the ecosystem.
Overall, Coded Estate’s innovative approach and strategic initiatives have the potential to reshape the real estate landscape, offering investors, users, and stakeholders a unique and rewarding experience in the evolving world of Web 3.0.