Parcl and Truflation Partner to Revolutionize Real Estate and Housing Data Access On-Chain
Parcl, the leading on-chain real estate synthetics platform, and Truflation, the premier reference point for real-world assets (RWA) indices and inflation data, are announcing a partnership. This collaboration will make housing data more accessible and transparent, providing users with valuable insights into real estate markets globally.
The Details
Parcl's platform offers real estate index markets for speculation or hedging, featuring scalable liquidity provision and flexible governance, introducing a new dimension of risk management and market speculation in the real estate sector.
Housing costs constitute a significant portion of inflation. Parcl, via Parcl Labs, addresses the critical lack of complete and real-time housing data for accurate market analysis, property valuation, and advanced analytics. Parcl Labs aggregates data from over 5,000 sources, covering rental, listings and sales activity, indexed and accessible at the property level, offering a reliable central repository for housing market information. Truflation will be leveraging Parcl's advanced housing data API to provide users in the US and UK with accurate information on their real costs of home ownership and renting, empowering them to make informed financial decisions. Truflation tracks various housing metrics, including house sales, median list prices, vacancy rates, and new listings, offering comprehensive insights into real estate markets.
“Truflation is a unique and trusted data infrastructure provider that continues to deliver real time insights on inflation used by many individuals and institutions around the world. We are excited about the potential to power more on and off-chain applications by leveraging Parcl Labs data,” said Parcl CEO, Trevor Bacon.
Next Steps
Parcl’s advancements include the world's first real-time home price index marketplace, which sets the stage for the next generation of housing applications, machine learning, and analytics. By leveraging the API price index and Parcl’s real estate data API layer, the Parcl ecosystem prompts increased accessibility to secure global real estate markets in line with Truflation’s aim to democratize finance.
Stefan Rust, CEO of Truflation, expressed excitement about the partnership, stating, "Integrating Parcl's real estate data into the Truflation ecosystem enhances our ability to provide accurate and actionable insights to our users. This collaboration represents a significant step forward in our mission to revolutionize real estate data access in DeFi."
The partnership between Parcl and Truflation marks another milestone in the efforts to modernize and revolutionize the real estate data landscape and drive increased financial inclusion and accessibility around the world.
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About Parcl Parcl is a DeFi protocol that allows users to trade the price movements of real estate markets around the world. Users can browse global real estate markets, gain detailed insights, and have the opportunity to either buy or short real estate markets based on whether they think real world property values will increase or decrease. To provide users with the most accurate and reliable data to trade on, the Parcl Protocol is powered by the Parcl Labs Price Feed, which represents the median price per square foot/meter, aggregated at either the city or neighborhood level, and updated daily. Parcl bridges traditional real estate investments with cutting-edge blockchain technology to provide data-driven solutions for modern investors.
About Truflation Empowered by Coinbase and Chainlink, Truflation stands as the foremost DRP (Definite Reference Point) for economic veracity, driving the tokenization of Real World Assets through its independent, transparent, and real-time financial data. With a comprehensive index tracking over 13 million items, Truflation offers censorship-resistant data infrastructure, fueling systemic advancements in the DeFi economy. This empowers decentralized applications (dApps) such as DEXs to unlock boundless markets. From predicting orange juice and uranium prices to facilitating BTC-denominated oil, gas, and corn markets, Truflation unlocks a diverse range of financial instruments, heralding a new era in the Web3 landscape.