⛏️Tokenization as a Service (Taas)
We've handled the blockchain technology and legal processes to offer this invaluable service
PlayEstates tokenizes real-world assets (RWA) into fractional pieces, turning each into an NFT or digital asset that has a unique value. TaaS is open to any ecosystem, including TradFi, DeFi, GameFi, etc. It can be combined with the existing tokenomics of the ecosystem.
We utilize NFT/SFT to present your ownership.
An NFT, or Non-Fungible Token, is a unique type of digital asset that represents ownership or proof of authenticity of a specific item or piece of content using blockchain technology. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are distinct and not interchangeable.
NFTs are often associated with digital content like artwork, music, games, and videos. They have become a popular way for artists and creators to monetize their digital creations. However, as suggested above, NFT is not interchangeable, which makes it liquidized compared to other cryptocurrencies. Thus, PlayEstates is also working on another token protocol, SFT, or Semi-Fungible Token, to add the liquidity support of NFT.
Since PlayEstates' protocol is fully compatible with common NFT protocols like ERC721, etc., our partners can utilize our collateralization service to put physical asset-backed value on their digital assets. This is more reliable than existing DeFi products like staking because real estate investment has been proven as the most stable investment in the world.
PlayEstates offers a unique approach by transforming standard NFTs into Property-backed Non-Fungible Tokens (PNFTs), thereby enhancing the stability and value of current digital economies. This process involves assigning a base real-world asset value to each NFT. For instance, consider the Azuki NFT collection. Each Azuki NFT could be linked to a fractional share of a real-world property. As a result, the intrinsic value of each Azuki NFT is bolstered by this tangible asset, offering a minimum guaranteed value.
Moreover, holders of these PNFTs can earn consistent passive income. This income is derived from the real estate market, which is traditionally known for its stability and steady income generation through rentals or property appreciation. For example, an Azuki NFT, now a PNFT, might represent a 0.1% stake in a commercial building. The revenue generated from this building (like rental income) would then be distributed proportionally to the PNFT holders, ensuring a steady income stream.
This concept not only provides NFT owners with additional financial benefits but also bridges the gap between the virtual and real estate markets, creating a symbiotic relationship. The real-world asset backing gives more substance and credibility to the digital assets, potentially attracting a broader range of investors and collectors who are seeking more tangible and secure investment opportunities in the digital realm.
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