Two million dollars has been invested in Uplandme, a digital property-trading game built on the EOS blockchain by FinLab EOS VC Fund and a number of angel investors.
A portion of the funding will be used to assist the development and launch of Upland, which is now in beta and is expected to be publicly accessible later in 2017.
Players may purchase, sell, and trade virtual properties based on real-world locations, much like in the original Parker Brothers board game Monopoly. It is also worth mentioning that throughout the time the number of people who play monopoly live has increased, and it’s not a surprise that in accordance with the growing demand for crypto games, more and more individuals get involved in a Monopoly-like trading game as well. Rather than using paper cards to transfer ownership of an asset, the system employs non-fungible tokens (NFTs), or digital collectibles like CryptoKitties, to do so.
On the contrary, Uplandme claims that, unlike other digital games, players would genuinely own property recorded on the blockchain during gameplay. Land in this virtual world is limited in quantity, much as in the real world.
Casual (mass market) games have a $50 billion industry, and Lueth’s two co-founders are aiming to shake it up.
At one point during our game night, while playing Monopoly and binge-watching Netflix’s Strange Things, we realized that real-world addresses may be the ideal collectible NFT. – As Lueth, co-founder put it.
The Popularity of Monopoly Live Increases
It’s predicted that by 2023, the worldwide board games industry will be worth more than $12 billion, rising at a CAGR of over 9 percent over the course of the next decade.
That’s one of the reasons? Game cafes, which are bringing board games to a new generation, are on the increase.
“The expanding number of games cafés throughout the globe is helping firms attract a huge number of customers to the global board game industry,” the research said. Over the last several years, these gaming bars and cafés have seen a spectacular rise in popularity throughout the world. Adults and teens alike are benefiting from the fast expansion of gaming cafés, which allow them to network and discover new games in the worldwide market.”
According to a newspaper and other sources, millennials seeking some old-fashioned amusement and a method to spend their rising amount of disposable cash go to such cafes in the U.S. and western Europe. According to another market research, these customers are drawn to a wide range of entertainment options, including board games, collectible card games, role-playing games, and more.
Magic the Gathering’s tremendous success, at least according to a Stonemaier Games article from March, may have something to do with the current popularity of board games, including classics like Monopoly and Risk. Players are reportedly trying out other tabletop games as a result of the game’s continued success.
According to the report, younger parents today learned to play board games as youngsters (as well as early video games) and are now teaching their children to do the same. The research said that “Kickstarter and Chinese manufacturing have considerably lessened the barrier to entry to become a game publisher” from the creator’s standpoint. A lot more amazing games are on the market now than there were in the past because of this.
An even greater appreciation for all forms of games has resulted from the ever-expanding popularity of the internet and other video games, according to the author’s argument. As well as providing a sense of relief, these games may also be used as a kind of entertainment.
Even the most well-known and long-lasting board games can’t rest on their laurels, however. In the midst of the Great Depression’s worst days, Monopoly was developed to educate people about Henry George’s single-tax proposal, a U.S. progressive who lived in the 19th century.
“Monopoly Voice Banking” is the name of the newest edition of Monopoly. A voice-activated central banker in the middle of the board maintains track of all player transactions, making it stand out from past iterations and likely to be the most fascinating to readers. Cashless transactions and the use of voice-activated gadgets are popular retail trends right now.
Supposedly, the automated and unbiased Monopoly banker also avoids human errors and stops the participants from cheating. That might either be a positive or a drawback depending on your particular tastes when it comes to Monopoly.
Community Chest
CEO and co-founder Kai Bolik, Jan Sprengnetter, and former Hewlett Packard Enterprise vice president Markus Ogurek are among the seed stage investors for Gameduell. This fund is sponsored by Block. one, the company that designed the EOS blockchain and FinLab AG, a German fintech investment group. EOS VC fund manager Stefan Schuetze said, “We funded in Uplandme, Inc. because we admire the actual idea of an EOS Blockchain-driven virtual property sector and the incredibly skilled and motivated team behind it.
Certainly, there are other blockchain-based games in different phases of development, and Upland is one of them.
Players of Upland will be able to exchange their assets for an in-game currency known as UPX by selling them on a marketplace. Currently, beta testers may exchange real estate in a fictitious version of San Francisco.
