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Parcl uses blockchain to let users invest in digital representations of neighborhood real estate markets.
Parcl provides a real estate platform on Solana that lets users invest in geographic property markets and pursue investment or hedging strategies. Its price index tracks property values within defined areas and feeds updates to smart contracts through an oracle. Founded in 2022 by Trevor Bacon, Kellan Grenier, and Jason Lewris, the company is based in New York. It raised USD 7.5 million in May 2022 from a group of venture investors.
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