Tokenopoly announced the launch of its public testnet on Ethereum, enabling users to mint, stake, and trade on-chain tokens tied to real U.S. housing valuation data without owning property, taking on mortgages, or managing physical assets. The testnet is accessible at sepolia.tokenopoly.io, and the project invites developers and researchers to join the community Discord to participate in discussions and provide feedback. Tokenopoly converts housing data into on-chain, tradable signals that allow synthetic exposure to the U.S. residential real estate market through stablecoins, underpinned by real-world valuation inputs and governed by transparent smart contracts.
Each property on Tokenopoly is backed by valuation inputs and governed by transparent contracts, creating a programmable and composable way to interact with housing markets. The project has highlighted collections such as Iconic Celebrity Homes and Billionaire Row to present housing signals in a culture-like, collectible format. The testnet features property minting linked to U.S. housing data, USDC stablecoin staking, and a marketplace that matches buyers and sellers for tradable property-linked tokens.
Tokenopoly was founded by Farhan Memon, a former Mastercard and JP Morgan Chase executive, and is building in public to explore liquidity, price discovery, and participation in housing markets. The testnet is framed as a learning-in-public exercise, intended to stress-test assumptions before any move to mainnet. RentCast, a data provider with access to more than 140 million listings, supports Tokenopoly through the RentCast Automated Valuation Model (AVM), which has been refined to deliver scalable valuations; RentCast CEO Anton Ivanov noted that the collaboration aims to bridge trusted real estate data with blockchain-enabled experiences for a new generation of users.
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