After The Bull Run: The Future Of Crypto Is Upland’s Virtual Land NFTs

By Guest Author
Published January 7, 2021 Updated January 7, 2021
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After The Bull Run: The Future Of Crypto Is Upland’s Virtual Land NFTs

By Guest Author
Published January 7, 2021 Updated January 7, 2021

As the 2021 bull run continues for fungible tokens (aka Bitcoin, Ethereum etc), the asset class of non-fungible tokens (NFTs) is poised to catch up and take the crypto world by storm. The rise of NFTs coincides with the rise of metaverses, or parallel worlds where people are spending more and more of their time and money.

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Known from the pre-blockchain era mainly through Second Life, blockchain metaverses have burst onto the scene. One such example is Upland, a metaverse that has shown strong growth over the past three months and is now one of the top 3 blockchain dapps in terms of daily active users. In order to participate, users need to purchase virtual land which themselves are unique, non-fungible tokens. Since every property NFT is a 1/1 edition of itself, it can be expected that as more people join, land prices for these NFT properties will appreciate because of the scarcity factor built-in to digital metaverses.

Join Upland by using this special link to get a special sign-up bonus (mobile or web): https://discover.upland.me/coingape_01_2021

Upland is an EOS blockchain-powered metaverse that allows players to own virtual properties that are mapped to real-world addresses. Upland launched in San Francisco in 2019 and recently expanded to New York City, NY and Fresno, CA with the planned addition of new cities arriving in the near future. Note that you don’t need to be in one of these cities to play Upland, it can be played from anywhere in the world. As Upland expands and properties from across the world become tokenized, every real-life property will one day have a virtual version of itself located in Upland. Virtual property will be as ubiquitous and valuable as property in real life, and Upland is leading the charge to make that happen.

Upland follows the principles of an open market economy and uses blockchain technology to ensure true ownership of digital assets: once you purchase a property, it is yours to own forever. Each property parcel is a unique NFT that can be bought, sold, and traded for-profit using the in-game currency called UPX. Upland has an active partnership with Tilia Pay (a subsidiary Linden Labs, the makers of Second Life) that allows players to sell NFT properties for U.S. Dollars. While it is currently in beta, this feature will soon be available to all Uplanders. This makes Upland the first metaverse to allow the conversion of digital asset value into a real-world value-form, fiat money. 

As a digital landowner in Upland, you earn a monthly yield of UPX coins that can be used to purchase more properties. Upland’s product roadmap is focused on the user-driven development and construction of single-family homes, real businesses, and cultural centers, including art galleries, on their NFT property parcels.

Since fully-fledged property development is around the corner, Upland is testing their new 3D building tools with a series of competitions called The Sandbox Wars, designed around a “property development sandbox” that will allow Uplanders to experiment with these new features. The Sandbox Wars are live and ongoing right now in Upland, and any new user can join a competing neighbourhood.

Here’s how it works: The Sandbox Wars pit ten different Upland neighbourhoods against each other in a unique game of strategy. Players will have build alliances while working against other organically formed neighbourhoods teams, both scoring points for their own team while attacking the points of their opponents. Neighbourhoods gain points by building structures like apartment buildings and houses, but can also strategically build cell towers to detract from other neighbourhoods’ points. Construction is made possible by using Spud, a unique in-game token that is “staked” when constructing a building: the more spud “staked” against a building, the faster it will build. This is a preview of how property development will actually function in Upland following the launch of Upland’s resource token Spark in 2021.

At the end of the day, players will have to base their strategy on a balanced approach to building time, points scored, points deducted, property placement, and more. There’s never been more fun to enter the Metaverse and there’s still time to join a neighbourhood team in Upland’s Discord channel.

Join Upland by using this special link to get a special sign-up bonus (mobile or web): https://discover.upland.me/coingape_01_2021

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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This author could be anybody, but he/she is not a member of staff coingape.com and opinions in the article are solely of the guest writer and do not reflect Coingape's view.

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