The virtual land property game Upland has auctioned the virtual version of the New York Stock Exchange for 23 thousand dollars. In a reverse auction that started at 25 thousand dollars the winning bid happened quite fast. The sale of the virtual stock exchange is the biggest in the Upland metaverse till date.
Upland expected the NYSE to sell 65 percent above the expected value of 8102 dollars. However, the final sale of 23 million UPX ($23.000) exceeded expectations and provided a premium of 368 percent. Previous auctions that sold for thousands of dollars were Pier 39 and the Ferry Building in San Francisco, and Trump Tower in Manhattan.
The game world of Upland is hundred percent based on the real world. Players start in San Francisco or Fresno and can travel to other cities, including New York. They earn income from trading virtual properties, completing signature collections and by participating in treasure hunts and other live events. Each property is based on real-world boundaries and is represented by a non-fungible token on the EOS blockchain.
Upland has its economy on the EOS blockchain, but thanks to a partnership with Tilia Pay it’s possible to transfer dollars to your bank account easily. It’s the first game that allows a direction connection between its virtual economy and US dollars. Tilia Pay is a service developed by Linden Labs, the company that created Second Life.
Upland competition in January
Starting from January 1st ten neighborhoods inside Upland will compete in The Sandbox Wars. In The Sandbox Wars players will need to build alliances and work against other teams. They need to secure points in the game map, or attack points from the opposition. The winning neighborhood will receive a price that boosts that boosts their development rating.
In addition the development team recently made new stops in their efforts for property development. The game world is now filled with three-dimensional buildings, moving away from just the flat maps. Buildings will be available in certain classes, and there are several possible sizes. Future updates will also allow players to add a more personalized touch.
What is Upland?
Upland is a Monopoly-inspired EOS blockchain in which players own digital versions of real-world properties. Players can buy virtual property using in-game tokens, which in turn can also be earned inside the game itself. In addition this virtual real-estate platform will become a bit similar to the Monopoly board game. The plan is to allow users for example to setup virtual businesses.
Currently gamers can claim buildings in various cities, but it all started in San Francisco. Upland is available for iOS and Android.
Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a content manager and creator at heart, working on Play to Earn Online Magazine. He’s also Head of Content for DappRadar.