![]() 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. To 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.īitcoinist readers get a higher sign-up bonus if they register via this special promo link: 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. What is Upland? It is an EOS blockchain-powered metaverse that allows players to own virtual properties that are mapped to real-world addresses. In fact, a single property parcel in Upland recently sold for $1,000 (yes, fiat money!). 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. Since every property NFT is a 1/1 edition of itself, it can be expected that as more people join these metaverses, land prices for these NFT properties will appreciate because of the scarcity factor built-in to digital metaverses. ![]() How? In order to participate in these metaverses, users need to purchase virtual land which are themselves unique, NFTs. Known from the pre-blockchain era mainly through Second Life or Minecraft, blockchain-powered metaverses are becoming more of a thing, and NFTs are at the core of their value proposition. Red-hot interest 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. As crypto markets may see their bull run continue for fungible tokens (aka Bitcoin, Ethereum, et al), the non-fungible token (NFT) asset class is quickly emerging as the next big thing in crypto in 2021. ![]()
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