BCGAME - Free 5BTC Daily Bonus!Launched in July 2018, Upland (UPX) is a non-fungible token (NFT) trading game where users can trade virtual real estate using native UPX tokens or fiat currency. In its metaverse, users can purchase a virtual property that corresponds to a real-world address. Data on token price and token supply will become available as the project matures.
In this article, we will discuss:
What is Upland?
upland is a game metaverse that leverages blockchain technology for users to trade NFTs with their UPX tokens, thus forming a virtual economy. The blockchain Upland and the token are developed by the EOS blockchain team. The game is built on the EOS blockchain, which has a suitable permission system and processing speed for mass use. UPX is a token created on the EOS blockchain as well.
What is the UPX token used for?
Also, the UPX can only be purchased in-game. The token is coined when distributing monthly rewards to users who own properties, as well as when users buy UPX with USD to buy properties. As a result, when users need more UPX to buy properties, the supply of tokens increases.
In Upland, users can purchase virtual properties that reflect real-world addresses. As such, Upland NFTs are scarce because real-world addresses are limited. The price of NFTs is determined by settlement on the UPX market. In other words, UPX supply and demand affect NFT prices.
What does Upland offer?
The Upland game is very user friendly, so game enthusiasts and cryptocurrency beginners can easily join. It is available for PC and mobile platforms. Players have a chance to win real money at the same time. The monetary value will encourage users to play games because most traditional gaming systems do not allow users to earn money. To participate in the game, users only need to provide their email address and complete their first mission to receive 3 UPX as a starting bonus. After that, they will need to buy UPX tokens to purchase the in-game property.
Game assets are in the form of NFTs. This way, users can prove that they really own the properties and no third party can change or remove them as owners. In addition, Upland provides value to your NFTs in different ways. Currently, Upland players can sell their in-game assets for USD. Users can also treat their NFTs as collectibles and keep them forever. Others may purchase in-game properties based on real-world properties to which they have an emotional attachment.
How does Upland work?
Basically, users get UPX tokens with fiat currency, buy virtual properties, collect earnings, update their properties to increase earnings, and exchange their properties for fiduciaries.
Token usage: selling assets is the only way to withdraw UPX tokens. Some users may choose to sell their properties in exchange for fiat. On the other hand, Upland releases UPX tokens monthly as incentives for users who keep their assets. Monthly earnings are sent to users' UPX accounts.
Real estate negotiation: Within the game, users can use UPX tokens or fiat currency to purchase real estate NFTs. They need to verify your identity before selling assets by fiat. When users successfully sell their properties, fiat earnings can be transferred to Paypal from their digital wallets.
Property Collection: “Collection” is the name of a mission designed by the creator of the game. The return of UPX tokens is increased when players acquire all properties in a selected collection. However, completing a collection becomes more difficult to accomplish because some properties are limited or expensive. Users may have to negotiate with owners to purchase these rare properties.
Property Search: Upland has a market for users to buy real estate NFTs. Each user also receives an explorer robot to discover new areas within the game. In addition, the marketplace allows users to sell assets and respond to offers.
Since NFTs are maintained in the EOS blockchain, tokens can be placed so that users can take advantage of more network functionality. EOS wagering costs are compensated in different ways based on the user's level within the game. The layers are called “Visitors” and “Uplanders”.
Visitors: For visitors, Upland has several EOS accounts for guest users to try out the game. If a guest user is inactive for seven days, the game will recycle the account for other guests to use. Recycled accounts are free from ownership of tokens and real estate. However, users can choose to renew their guest accounts to continue exploring the metaverse.
Uplanders: A user's status is updated to “Uplander” when the value of their tokens and real estate reaches at least 10 UPX tokens. When a user has more than 10 UPX, he will receive a registered EOS account. As a result, NFTs will be wholly owned by that user according to the blockchain registration.
Who is behind Upland?
Dirk Lueth is a co-founder of Upland. Lueth has been working in the technology field for nearly two decades. He has also worked as a consultant for several startups. In addition, Lueth has also co-founded several startups with venture capital investment institutions totaling millions of dollars.
Mani Honigstein is another co-founder of Upland. Honigstein has been involved in the gaming industry for over a decade. For the past 20 years. Honigstein has also held CEO and consultant positions at various technology organizations.
Idan Zuckerman is the third co-founder of Upland. In the past, Zuckerman worked as an IT analyst for three years. He also served as vice president of product for eight years and vice president of R&D for six years at various game companies.
What is the future for Upland?
The pandemic has changed the world more and more online, as we now see more meetings, weddings and graduations taking place virtually. This recent trend has also encouraged large companies to develop their own metaverses, such as Epic Games, Facebook and Microsoft. So Upland has much to gain in the future as the metaverses gain traction and enter the mainstream.
Future for Upland NFTs
As for NFTs, Upland sold one of its NFTs for $23 last year. NFT prices will likely increase as the game becomes more popular. In addition, Upland has several plans for NFT development. In addition to real estate, they plan to add NFTs that mimic real-world objects to the game. For example, virtual cars, stores and collectible cards.
In addition, users can build real estate and develop rural areas within the game as well as in the real world. In addition, brands will also be able to replicate their services from reality to Upland's virtual world.
Currently, most Upland real estate NFTs are created based on locations in the United States. Therefore, Upland intends to have a franchise business model in which NFT-based properties around the world are available in-game. The price of property in Upland will be determined by real and virtual world market conditions.
In terms of development, Upland plans to make NFTs portable to other blockchains. For governance, decisions will become more decentralized as the economy and gaming ecosystem grow. In addition, Upland intends to develop its API exclusively for third-party developers to provide a better gaming experience for the user.
Conclusion
Upland is a game for players to acquire NFT-based properties that are mapped to real-world locations. The number of available NFTs is limited due to the scarcity of real-world addresses. In Upland, users can use fiat currency to purchase the native UPX token to acquire these virtual properties. Several factors affect the prices of NFTs in the game. This includes UPX liquidity, real world market conditions and property availability.
