Last year’s bear market was a big wake-up call for blockchain networks. It revealed the need to focus on real-world utility and many networks have aligned themselves to explore opportunities within traditional industries.
Solana is the latest one to follow this trend with its push toward the real estate market.
Read Solana [SOL] price prediction 2023-2024
Solana recently confirmed that a new protocol called Parcl just launched on its network. The protocol is a real estate derivatives protocol and is the first of its kind to grace the Solana blockchain.
Just like any other market, prices in the real estate market move up and down depending on demand.
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