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

(PRESS RELEASE – Paris, France, October 9, 2024)

Coded estate has successfully closed an oversubscribed angel funding round with investments from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch crypto Investors and more. Additionally, Coded Estate formally announces the release of its “Preseason Mainnet Campaign”, an initiative aimed at boosting the platform with early liquidity and setting the stage for its launch on the mainnet in addition to Sai Perpetuals, powered by Nibiru Chain.

“We are delighted to close our angel round and have such esteemed investors on board,” said co-founder Didrik Angell. “Our mission is to redefine real estate transactions through blockchain, making property 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 the way people invest in real estate forever.”

Leveraging Blockchain for real estate innovation

Coded Estate seeks to transform the $280 trillion global real estate market through blockchain technology. Founded by a team of blockchain experts with experience building apps on Solana, Thorchain and Sei Network, Coded Estate aims to create a Web3 hub for real estate.

The platform will support the sale and rental of on-chain properties while offering fractional ownership and improving market transparency through the use of dynamic nfts (dNFT), hybrid smart contracts and zero-knowledge proofs (ZKP).

“By integrating these technologies, Coded Estate will allow users to invest in fractional property ownership, making real estate markets more accessible and efficient. The platform is designed to overcome traditional barriers to real estate investment and speculation, focusing on transparency and ease of use,” said co-founder Didrik Angell.

Strategic integration with Nibiru

Coded Estate's strategic move towards Nibiru—A blockchain and smart contract ecosystem with an execution layer equivalent to high-performance EVM (Nibiru EVM). The Nibiru blockchain is designed to meet the growing demand for versatile, scalable and easy-to-use Web3 applications.

Nibiru EVM, which launched 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 Coded Estate and other Wasm-based applications on Nibiru to ethereum's broad user base.

Pre-season Mainnet campaign to introduce early liquidity

Coded Estate formally announces its Preseason Mainnet Campaigndesigned to reward platform users with exclusive benefits. This campaign marks the culmination of Coded Estate's journey from concept to execution and invites users to generate 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 assets) perpetual market opportunities to users.

About the hardcoded property

Coded estate It is the main real estate center of Web 3.0. The platform incorporates housing and rentals on-chain, while transforming fractional ownership and real estate market speculation into accessible, efficient and transparent markets that leverage dNFTS, hybrid smart contracts and zero-knowledge proofs (ZKp).

About Sai

Sai is a newly developed perpetual trading application based on Nibiru. Through its integration with Coded Estate, Sai supports enhanced trading and liquidity management solutions, strengthening the overall ecosystem.

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