Upland Proves Why Buying Virtual Land Will Be the Next Big Thing
As the cryptomarkets may see their bull run continue for fungible tokens (aka Bitcoin, Ethereum, etc) in 2021, the asset class of non-fungible tokens (NFTs) will quickly catch up. An extremely interesting development in this asset class coincides with the rise of metaverses, or parallel worlds where people are spending more and more of their time and money. Known from the pre-blockchain era mainly via Second Life, blockchain metaverses are becoming more of a thing. However, 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. One very compelling example is Upland that has shown strong growth in the past months and is now one of the leading blockchain dapps in terms of daily active users.
To register with Upland and benefit from a higher signup bonus you can use this special NewsBTC link: https://discover.upland.me/newsbtc.
What is Upland? It 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.
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 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. The future is very bright in Upland, and, like in the real world, they also love celebrating holidays like Christmas! In fact, Upland has launched its 10 Days of Christmas event festival. Both in the Upland app and in its Discord server, fun challenges will be run daily where you can win UPX and rare NFTs.
To spread the holiday cheer, Upland is partnering with NewsBTC to run a contest for new players. Follow the steps here: https://sweepwidget.com/view/22033-8iqtcgfa