Norwalk, CT — (January 22, 2025) — Tokenopoly, a Web3 platform exploring new ways to interact with residential real estate data, today announced the launch of its public testnet on Ethereum. The testnet allows users to create, stake, and trade on-chain tokens tied to real U.S. housing valuation data, without owning property, taking out mortgages, or managing physical assets.
Users can access the testnet at sepolia.tokenopoly.io and join the Tokenopoly Discord to participate in discussions, report feedback, and help shape future iterations of the platform.
Tokenopoly transforms housing data into on-chain tradable signals, allowing participants to gain synthetic exposure to US residential real estate using stablecoins. Each property on the platform is powered by real valuation data and governed by transparent smart contracts, creating a programmable and composable way to interact with real estate markets.
“Our goal with Tokenopoly is to rethink how people access real estate, not through ownership, but through data, liquidity and on-chain primitives,” said Farhan Memon, founder of Tokenopoly. “The testnet is about learning in public, testing hypotheses, and building with the community before anything is pushed to the mainnet.”
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“We also treat housing data as a culture, not just a finance,” Farhan Memon said. “By curating collections like ‘Iconic Celebrity Homes’ and ‘Billionaire Row,’ we’re marketing real estate signals of the way people already engage with collectibles – through shared stories, status and cultural reference points. It’s about making real estate markets readable, interesting and participatory in a new way.” |
Tokenopoly sources are real estate information from Rentcast, a leading real estate data provider with access to over 140 million listings. Rentcast operates completely independently of Tokenopoly.
“RentCast’s Automated Valuation Model (AVM) has been tested and refined on millions of real estate properties across the United States, and we are confident it can provide accurate and timely property valuations at scale. We are excited about the launch of Tokenopoly and look forward to seeing how its platform combines trusted real estate data with emerging blockchain-based experiences to engage a new generation of users,” said Anton Ivanov, founder and CEO of RentCast.
The testnet version includes:
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Real estate strike linked to real US housing data
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USDC Stablecoin Staking Mechanisms
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Tradable tokens linked to a property governed by a marketplace that connects buyers and sellers
Tokenopoly’s testnet is designed for builders, crypto-native users, and researchers interested in the intersection of real-world data, DeFi mechanics, and real estate markets. All activities on the testnet use test assets only and do not represent actual ownership or investment.
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ⓘ About Tokenopoly Tokenopoly is a Web3 project exploring synthetic on-chain access to US residential real estate via real housing data, stablecoins, and programmable market mechanisms. The site is founded by Farhan Memon, a former executive at Mastercard International and JP Morgan Chase. The platform is being built in public, starting with testnets, to experiment with new models of liquidity, price discovery and participation in real estate markets. ⓘ About Rentcast RentCast is one of the leading providers of property and rental data in the United States, providing dozens of data points and insights on more than 140 million property parcels and real estate listings across the country. RentCast enables its customers to enrich their real estate applications, business workflows, internal analytics and consumer products with real-time real estate, valuation and rental data. RentCast launched in 2019 and is headquartered in San Diego, California. |
Media Contact:
Farhan Memon
(email protected)
Cindy Bellford
(email protected).
