πŸ›οΈOur Marketplace

Introduction to the Marketplace: The PlayEstates Marketplace serves as a dynamic hub for users to engage in trading, exchange, and investment activities within the platform. With two distinct components catering to PNFT/RNFT (Redemption NFT) trading and Shard/OWND transactions, the Marketplace offers unparalleled opportunities for users to participate in the burgeoning world of tokenized real estate assets and digital rewards.

PNFT/RNFT Trading:

Fractional Ownership Exchange: The PNFT/RNFT trading section of the Marketplace facilitates the exchange of fractional ownership tokens (PNFTs) and their corresponding Redemption NFTs (RNFTs). Here, users can buy, sell, and trade PNFTs representing shares in real-world properties, as well as their mirrored RNFT counterparts. This functionality enables users to diversify their investment portfolios, gain exposure to a wide range of real estate assets, and participate in the lucrative world of property trading.

Liquidity and Accessibility: By providing a dedicated platform for PNFT/RNFT trading, PlayEstates enhances liquidity and accessibility for users seeking to enter or exit fractional ownership positions. The Marketplace's intuitive interface, robust security measures, and seamless transaction processing ensure a streamlined trading experience, empowering users to capitalize on market opportunities with ease and confidence.

Shard/OWND Marketplace:

Utility Token Exchange: The Shard/OWND Marketplace facilitates the exchange of PlayEstates' native utility tokens, OWND. Here, users can leverage their tokens and reward points(Shard) to access a wide range of platform products, services, and rewards, including discounted property listings, exclusive event tickets, and premium membership subscriptions. Additionally, users can explore opportunities to exchange their tokens for third-party products and services, further expanding the utility and versatility of their holdings.

Reward Redemption: In addition to token exchange, the Shard/OWND Marketplace serves as a redemption platform where users can redeem their tokens for a variety of rewards and incentives. Shard, earned through platform engagement, serves as a point reward system, providing users with incentives for active participation. Users can exchange Shard for OWND tokens, PNFTs, or discounts on PNFT purchases, enhancing the accessibility and utility of their rewards.

Gamified Marketplace:

The PlayEstates marketplace offers an interactive experience, linking real-world assets with digital enjoyment. Users can collect, trade, and manage their digital assets in a fun and engaging manner.

Set Collection: Users can collect multiple RNFTs to form complete sets, significantly increasing their OWND returns. The platform offers co-branded, festive, and limited edition sets in collaboration with partners.

Golden Hammer: Users can acquire PNFTs at lower prices by enlisting friends to help reduce the price. The more people who assist, the lower the price can go, potentially reaching a 'zero cost purchase' within platform rules.

Lucky Wheel: Users earn points by completing tasks and use them to spin the Lucky Wheel for various prizes. The Lucky Wheel's prizes are regularly updated and it serves as a venue for partners to showcase their products and services.

Payment

PlayEstates' marketplace accepts fiat currency and cryptocurrency (ETH, USDC, and USDT). SHARDs can be involved as a redemption of a coupon during checkout. For PNFT sales, a KYC process may be involved.

A crypto wallet is hardware or software that interacts with blockchain to store or trade cryptocurrencies. A hardware wallet is more secure because the private key is stored in the trusted execution environment and not in the computer hard drive.

PlayEstates users utilize crypto wallets to custody digital assets, including PNFTs. If a user loses access to his/her wallet, unfortunately, the KYC requirement also enables system admins to use a "burn and mint" function to transfer tokens to a new wallet for that user. The β€œburn and mint” process needs to be automatic to avoid an inconsistent state.

Secondary Market

The secondary market for Property-backed Non-Fungible Tokens (PNFTs) at PlayEstates offers a vibrant and strategic trading environment for both buyers and sellers, enriched by unique features like the "Set" and "Fusion" systems.

Benefits for Sellers:

  • Asset Realization: Sellers, who are previous PNFT owners, can liquidate their digital real estate assets without owning an entire physical property.

  • Value Enhancement: With the "Fusion" system, sellers who have assembled higher-tier PNFTs can offer these at a premium, given their increased value.

  • Market Demand: Limited-time offers and blind box sales can create unique or rare PNFTs, which might be in high demand on the secondary market, allowing sellers to potentially secure higher prices.

Benefits for Buyers:

  • Potential for Appreciation: Some rare PNFTs may appreciate in value, offering the opportunity for capital gains.

  • Access to Rare and Unique PNFTs: The secondary market is an essential source for collectors looking to find missing PNFTs required for set completion or tier fusion, especially those released as limited-time offers or through blind boxes.

  • Tier Advancement through Fusion: By collecting enough PNFTs of the same tier, buyers can use the "Fusion" system to create a higher-tier PNFT, enhancing the value of their investment.

  • Set Completion for Extra Income: Buyers can acquire specific PNFTs needed to complete a "Set", qualifying them for additional income streams.

  • Diverse Investment Opportunities: The secondary market provides a range of PNFTs, allowing buyers to invest in different types of digital real estate.

Mutual Benefits:

  • Dynamic Trading Environment: The secondary market facilitates a dynamic trading environment where collectors and investors can strategically acquire and sell PNFTs to optimize their portfolios.

  • Enhanced Liquidity: The secondary market improves the liquidity of digital real estate investments, making them more accessible and flexible compared to traditional real estate.

The PlayEstates Marketplace stands as a cornerstone of the platform's commitment to fostering a vibrant and inclusive ecosystem for real estate investment and digital rewards. By providing seamless access to PNFT/RNFT trading and OWND utilities, the Marketplace empowers users to unlock new opportunities, expand their portfolios, and achieve their financial goals with confidence and convenience. As PlayEstates continues to evolve and innovate, the Marketplace remains a central hub for trade, exchange, and collaboration, driving the platform's growth and success into the future.

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