Upland taps Second Life tech to sell digital properties for cash

In brief

  • Blockchain property collection game, Upland, adds Second Life’s payment system.
  • Tilia Pay allows Upland players to sell properties for fiat currency.
  • Upland is live in beta with only San Francisco so far.

EOS blockchain-driven game Upland – one location based view of Monopoly in which players will collect and trade digital versions of real-world properties, users will soon be able to sell them for fiat currency through a partnership with Linden Lab, makers of Second Life.

Upland allows players to purchase and collect virtual versions of real-world locations as non-fungible tokens (NFTs) and then take advantage of them. Players can earn UPX Tokens when other players visit their properties, as well as bonuses for collecting themed sets of properties.

But these tokens are not traded on secondary markets. The addition of Second Life’s Tilia currency system, which will be added to Upland in the coming weeks, will allow players to sell digital properties for Fiat.

Developer Uplandme is the first third-party company to use the new Tilia Pay system, which boosts Second Life’s annual GDP of over $ 500 million, Linden Lab’s CEO Ebbe Altberg told VentureBeat. He added that Second Life users paid out more than $ 65 million in in-game currency for fiat money in 2019.

Upland, which is currently available in open beta for iOS and Android, averages 1,000 to 2,000 daily users VentureBeat. Currently, the game only includes properties in San Francisco, but there are plans to expand to other cities.

“We are convinced that the future of games and digital ownership is real property; give players full control over the digital goods they spend to acquire time and money, and enable those goods to maintain value in a fair and open market, “said Uplandme co-founder Idan Zuckerman in a press release. “This partnership helps us deliver on that real ownership promise.”

Partnering up with Linden Labs and its Tilia subsidiary, Uplandme avoids the arduous and costly task of meeting U.S. legal requirements – something Linden already did for Second Life, and now offers it as a service to other developers through Tilia Pay.

If Upland matches the high prices CryptoKitties can fetch, the digital homes may one day be worth more than the real properties they represent.

About the Author: TEAM BEPINKU.COM

We share trending news and latest information on Business, Technology, Entertainment, Politics, Sports, Automobiles, Education, Jobs, Health, Lifestyle, Travel and more. That's our work. We are a team led by Mahammad Sakil Ansari.
Menu