The debut of PlayEstates’ first gamified platform with real estate-backed assets is something the company is thrilled to announce. A number of attempts have been made to imitate the same business model in the virtual gaming world because real estate is one of the top businesses for generating wealth. There are many play-to-earn real estate-related games, but they don’t give players any real financial benefits beyond the fun of the games.
PlayEstates has introduced the first Web3-based game of its kind to address this issue and reward players on their platform.
The business has created a distinctive gamefi platform that enables users to monetize their gaming hobbies and generate passive revenue in the real world. The company’s CEO, William Guo, stated, “We want gamers to not only excel and have a blast in the stuff they love, but also be able to earn like pros, and acquire real assets in the physical world.”
Gamers can play blockchain-based games on the PlayEstates platform using a gamified paradigm, generate wealth, and obtain partial ownership of IRL real estate holdings. In other words, PlayEstates uses an online play-to-earn fractional ownership paradigm to make real estate ownership more accessible.
Now, video gamers may enjoy themselves while making money. We chose to back our tokens with the passive income produced from IRL real estate holdings since real estate has historically been a safe investment with consistent returns and appreciation, Guo continued. Users of the gaming platform can passively generate cash based on their gameplay.
How the PlayEstates platform may help players:
- Through a fractional ownership mechanism, gamers can increase their real estate holdings.
- Play-to-Earn investments and games are available anywhere in the world.
- All players’ assets are managed for free.
- Start investing with a small sum.