Playing-to-Earn In the Real Estate Investment Market

People are always searching for ways to earn additional income. Previous generations put their finances at the mercy of the stock market. Now, generations are investing their earnings into cryptocurrencies, blockchain technology, and gaming as alternative ways to make ends meet.

According to the Pew Research Center, 16% of Americans have invested into digital currencies, with young adult males between the ages of 18–29 being the largest investor demographic. Young people, especially millennials and Generation Z have been exposed to technology growing up and are forced to keep up with the ever evolving state of the internet. This includes the evolution of Web 3.0, or the web of things and the decentralized internet. In Web 3.0, data control is in the hands of individuals rather than big tech companies by having information be searchable based on its content which is created by individual users. In addition to this principle, Web 3.0 uses open source software which allows individuals to interact with one another without the mediation of a third party. Because of this need to be trustless and permissionless, Web 3.0 uses blockchain technology in order for different peer networks to interact with each other.

Web 3.0 has led to the development of many gaming platforms. In these gaming platforms, individuals use blockchain technology to interact with other players and potentially earn rewards. When game players play a game for the purpose of earning rewards, the game falls into the category of being a play-to-earn or P2E game. Gaming industry and finance professionals are beginning to find links between the gaming industry and financial world.

With all this innovation in blockchain technology and the ongoing enthusiasm behind gaming, can the gaming industry be used to help individuals acquire assets, digital and even real world?

Blockchain Finances & Gaming

Blockchain has transformed many important industries: gaming, finance, healthcare, automotive, telecommunications, and more. The public has become accustomed to thinking about blockchain technology in regards to cryptocurrencies and finance. For example, in November 2021, reported 81 million people having created a digital wallet to purchase and store Bitcoin. Together with the users of another platform called Coinbase, it was reported that 170 million users created Bitcoin wallets.

By having these digital wallets, users can transact with one another without having to use a third party. This technology allows users to have more privacy and control over their transactions and interactions with others by eliminating third parties with interests, such as banks. This ability to directly transact with one another without the involvement of third parties is highly disruptive, thus granting industries who utilize this technology to completely transform the way they do business and provide services.

For gaming, blockchain technology has allowed gamers to form their own micro-economies within their gaming niches. In the P2E games, gamers can get paid to play games. In addition to getting paid for gameplay, creators on a platform are able to monetize their content via non-fungible tokens or NFTs. NFTs are a digital asset that is commonly a form of digital art which is coded within the blockchain to prevent copying and mass distribution. NFTs hold unique value like an original piece of art and are commonly exchanged for other NFTs, digital assets such as virtual land, cryptocurrencies, or sometimes mainstream currencies.

Ownership of Assets

The P2E gaming industry generates over $40 billion dollars in revenue coming from items that are used to enhance game play. With NFTs including in-game NFTs, the NFT lives within the blockchain server as long as it is running. NFTs have a specific code that makes them unique and irreproducible, which lends them to unique ownership much like a piece of art in the real world. NFTs can be anything — digital pieces of art, photos, tweets, or game tokens. In relation to in-game purchases, game NFTs can be traded within game specific platforms or on marketplaces, which can then allow for the exchange of an NFT for a form of cryptocurrency which can then be exchanged for mainstream currencies such as the U.S dollar or Euro. NFTs are popular as they lend themselves to individual ownership and allow for transferability between individuals.

The Tokenomics Framework & Applications

In P2E games, gamers can play games to earn game specific tokens. These tokens can be used to enhance gameplay by allowing players to purchase special items, participate in game activities, or to purchase game specific NFTs which can be exchanged for other currencies. P2E gaming provides an easy way for individuals to generate additional income, which can be quite substantial depending on the amount of time an individual spends gaming. As long as people are participating in this tokenomics system, the reserve currency is strengthened and users can buy more bonds. Because of its applications, financial institutions are looking deeper into how they may utilize gaming technology to advance financial technology.

How Can Gaming and Tokenomics Connect to The Real World?

This is a common but important question that investors ask. One major concern for investors new to the game and decentralized finance world is that digital assets do not hold any real world value or are not backed by any real world assets such as gold and silver. For new investors, putting a lot of money into NFT, even for a game, may seem very risky.

One company in particular, PlayEstates, uses game finance technology in addition to NFTs that are backed by real-world real estate assets. PlayEstates is a P2E gaming community in which members can play games which can help them earn tokens that are backed by actual real estate properties.

PlayEstates operates on the concept of fractional ownership, or the partial ownership of an asset. Because the NFTs within PlayEstates are tied to actual real estate, adults of all ages can be assured that the value of the tokens within the PlayEstates platform are backed by real world assets. In addition to this real world financial backing, the cost to participate in PlayEstates is low, starting at $5.00 USD. New investors and curious minds can get their feet wet in the digital economy at a low cost. With this low risk opportunity, PlayEstates makes it easy for new investors to enter the game and decentralized finance world.

Are you curious about play-to-earn games and participating in the blockchain economy? Check out PlayEstates. For a low starting cost of $5.00 USD, you can get started playing games, earning tokens of value, and generating wealth via the Ethereum blockchain.

About PlayEstates

PlayEstates is a sustainable hybrid finance model that turns your gaming hours into ownership of real-world real estate assets. Our fractional ownership model is user-friendly, community-oriented, and the most fun way to get into real estate. PlayEstates is bridging the real world into the virtual world by integrating IRL real estate assets with blockchain gaming so users can collect NFTs as passive income. Come join us. Grow your game and build your wealth.

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PlayEstates brings the gaming community together in exciting new ways, offering quality GameFi experiences that reward IRL.