‘Monopoly’-Style Blockchain Property Buying and selling Game Raises $2 million

What if game Monopoly was created today? Of course, paper money (cash) still exists, but now we have credit cards, stocks, cryptocurrencies and other options. Well, I know a version uses a sort of “credit card”, but now a new company gave more two steps and is creating a version with its own cryptocurrency – CryptoKitties – and, IMHO, it may be only the tip of iceberg, because we can see such technology in other games – including MMO, adult and gambling games, and it will “change the game completely”. Well, let’s check what is happening:

FinLab EOS VC Fund and many private investors have invested a combined two million in Uplandme, maker of the digital property-buying and selling game running on the top from the EOS blockchain.

The funds will be employed to offer the development and launch of Upland, that is presently obtainable in beta, and can become broadly available later this season. 

Billed as “‘Monopoly’ meets blockchain,” as with the classic Parker Siblings game, the sport enables players to purchase, sell, and trade imaginary qualities according to real-world addresses. The twist is the fact that rather of paper cards, it uses non-fungible tokens (NFTs), or digital collectibles much like CryptoKitties, to confer possession of the asset.

Unlike most digital games, however, properties which are documented on the blockchain through the game play is going to be truly of players, and not the gaming company, Uplandme states. Just like in tangible existence, land within this virtual realm has a fixed supply. 

“We expect the game momentum is going to be driven through the inescapable fact that there’s an all natural scarcity of accessible qualities since they’re according to real-world addresses,” said Uplandme co-founder Dirk Lueth.

Lueth and the partners, Mani Honigstein and Idan Zuckerman, try to disrupt the $50 billion marketplace for casual (store bought) games.

“One game night, while playing Monopoly and watching the Netflix series ‘Stranger Things’ we’ve got considering a house game inside a parallel world and recognized how qualities that derive from real-world addresses could possibly be the perfect collectible NFT,” Lueth told CoinDesk.

Community chest

Private investors within the seed round include Kai Bolik, co-founder and Chief executive officer of Gameduell, a gaming community using more than 70 games and 130 million players worldwide Jan Sprengnetter, Chief executive officer of Sprengnetter Group, a house valuation provider and Markus Ogurek, an old v . p . of H . P . Enterprise.

Charge investor, FinLab EOS VC Fund, is supported by Block.one, the organization that built the EOS blockchain, and FinLab AG, which concentrates on purchasing German financial technology companies. 

“We invested into Uplandme, Corporation. because we love to the real concept of an online property market powered through the EOS Blockchain and also the very experienced and passionate team behind it,” said Stefan Schuetze, md of FinLab EOS VC Fund.

To be certain, Upland is a among many blockchain-based games in a variety of stages of development.

Upland players will have the ability to trade their qualities on the industry for an in-game currency known as UPX. Beta testers are presently in a position to trade qualities inside a virtual Bay Area.

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