LOS ANGELES, CA, July 18, 2022 (GLOBE NEWSWIRE) — PlayEstates is proud to announce the launch of its first gamified platform with real estate backed assets. Real estate is one of the best wealth-creating industries, and several efforts have been made to replicate the same business structure in the virtual gaming world. There are many play-to-earn games related to real estate, but they do not provide actual monetary returns for the players beyond the enjoyment of the games. To address this issue, PlayEstates has launched the first-of-its-kind Web3-based game to reward gamers on their platform.
The company has developed an unique gamefi platform where gamers can monetize their gaming habits and build real-life passive income. “We want gamers not only to succeed and have a blast in contents they love, but also be able to earn like pros, and build real assets in the physical world,” the company’s CEO William Guo said.
Using the PlayEstates platform, gamers can play blockchain-based games through a gamified model and, most importantly, create wealth and secure fractional ownership of IRL real estate assets. In short, PlayEstates is making owning property in the real world through the online play-to-earn fractional ownership model.
Video gamers will now be able to have fun and book profit as well. “Real estate has always been a safe bet with stable returns and appreciation, which is why we decided to back our tokens with the passive income…
