Back in May 2022, Parcl — a company in a category that seems like a cross between proptech and fintech.— announced a $7.5 million funding round with participation from the likes of Archetype, Dragonfly Capital, Shima Capital, Solana Ventures, Not Boring Capital, and FJ Labs.

At the time, Parcl called itself "a digital real estate protocol built on Solana, a blockchain specifically designed to host decentralized and scalable applications," that "allows users to invest in and trade-specific geographical markets" and which "requires no minimum investment, offers immediate liquidity, and carries low transaction fees," according to information sent to GlobeSt.com by its PR firm.

Parcl announced that it has finally launched its product, Parcl Protocol, built on Solana, a blockchain specifically designed to host decentralized and scalable applications. "Providing exposure to the most desirable cities in the United States including New York City, Miami, Phoenix, and Los Angeles, and with global cities such as Paris, London and Singapore coming later this year," said its press release.