Why Fuel Network’s Modular Network is a Great Pairing for PlayEstates’ Tokenization Platform
Fuel Network, the fastest execution layer for modular blockchains, has awarded a $150,000 grant to the tokenization platform, PlayEstates.
The PlayEstates project takes tokenization, fractional ownership, and other digital entry points into Web3, and combines them with the backing of IRL real estate assets to provide easy access to real estate ownership to the everyday person. This grant will see PlayEstates further develop its platform, community, and ecosystem, so they can reach their goal of bridging the physical and digital worlds.
PlayEstates is an innovative platform that tokenizes real-world real estate assets and creates easy entry points into Web3 for users to gain ownership of said assets and earn a passive income.
The project allows its users to participate in several activities, whether P2E games, Discord activities and more, to earn tokens. These tokens will also be available for trade on their marketplace for many different rewards, including their PNFTs (Perpetual Non-Fungible Tokens). Through their fractional ownership model, owners of these PNFTs will have part ownership in real-life property worldwide and earn dividends on the revenue generated.
As Web3 expands in popularity and the opportunities it creates grows, security and efficiency in the technology that drives the space must improve at the same pace. The Fuel Network emphasizes both. Created by Fuel Labs, the Fuel Network focuses on a future of modular blockchains, as opposed to the long-established monolithic design utilized by Bitcoin, Ethereum, Solana, and others.
By focusing on modular blockchains and creating an execution layer that separates itself from data availability and consensus, Fuel Network is establishing an L2 network that is faster and more secure than any other.
PlayEstates is set to leverage this network in its platform to ensure its users have a quick, safe, and secure experience when using the platform and its assets. Due to the nature of PlayEstates and their ongoing allocation of dividends to its holders, the cornerstones of Fuel Network, security and efficiency, are top priorities.
PlayEstates recognizes the current struggle of many people across the world in entering the real estate market due to a number of factors, such as economic crisis, rising property costs, and geographic restrictions. The project aims to combat this by tokenizing their real estate holdings and offering fractional ownership and entry points, allowing people from all over the world the opportunity to become property owners.
Regarding the collaboration, PlayEstates CEO, William Guo said, “We are thrilled that Fuel Labs has seen the potential opportunity that our project offers to the world and are excited to use the Fuel Grant to scale out and make an impact.”
About Fuel Labs
Fuel is the fastest execution layer for the modular blockchain stack. Powerful and sleek, the technology enables parallel transaction execution, empowering developers with the highest flexible throughput and maximum security required to scale. Developers choose the FuelVM for its superior developer experience and the ability to go beyond the limitations of the EVM.
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 by integrating IRL real estate assets with blockchain gaming so users can collect NFTs as passive income. Come join us. Own a piece.
