Blockchain gaming is taking a monumental leap as Upland, a real estate collecting and trading game, secures an additional $7 million in its Series A funding round. This exciting development is led by EOS Network Ventures, making its debut in the world of crypto gaming. Existing investors, C3 Venture Capital and Animoca Brands, have also joined the journey to bolster Upland’s unique gaming metaverse.
About the Company
Upland is a unique blockchain-based game that allows players to buy and sell digital versions of real-world properties on a virtual map. Think of it as Monopoly meets the blockchain. With its engaging gameplay and the promise of an exciting future, Upland has garnered the attention of both players and investors.
Expanding the Game
The latest $7 million investment, led by EOS Network Ventures, is set to expand Upland’s horizons. It follows the initial $18 million Series A round in 2021 and is a testament to the growing interest in blockchain gaming. The company plans to enhance gameplay, broaden its marketing efforts, and provide tools for external developers to introduce new features and extensions.
About the Funding
This recent funding round has an interesting twist. Upland intends to introduce an Ethereum token known as “Sparklet” linked to its in-game utility token. This move could have a significant impact on Upland’s presence in the broader crypto market, creating exciting opportunities for players and investors alike.
The EOS Advantage
Upland’s choice of the EOS network might seem unusual to some, given EOS’s diminishing popularity in the crypto world. However, Upland CEO Dirk Lueth explained that when Upland was founded in 2018, EOS was one of the most viable blockchains for their vision. EOS’s technical features enable Upland to mint a remarkable 80 NFTs per second, a feat that significantly enhances the game’s performance.
EOS Network Ventures’ involvement in this funding round reflects their continued confidence in Upland’s vision and capabilities, suggesting that there’s still untapped potential in the EOS ecosystem.
A Better Gaming Experience
The expansion of Upland’s utility token, Spark, onto the Ethereum blockchain as Sparklet aims to increase the game’s visibility in the broader market. The decision was influenced by a favorable court ruling for Ripple, aligning well with Upland’s strategy. Notably, Upland has never sold its token to investors or the team, which positions the project favorably amidst regulatory challenges.
In a strategic move to diversify, Upland has partnered with the NFL Players Association (NFLPA), introducing new NFLPA Bundle types. This partnership promises exciting gamified digital collectibles of NFL players and community activities, creating a unique experience for gamers.
Upland‘s recent funding round and strategic decisions demonstrate the growing potential of blockchain gaming. With exciting developments like Sparklet, partnerships with organizations like the NFLPA, and a commitment to providing a better gaming experience, Upland is carving out its niche in the crypto gaming universe.
1. What is Upland’s standout feature that sets it apart from other blockchain games?
Upland allows players to buy and sell digital versions of real-world properties on a virtual map, adding a real estate twist to blockchain gaming.
2. Why did Upland choose to build its platform on the EOS network?
When Upland was founded in 2018, EOS was considered one of the most viable blockchains for the project due to its technical features, including the ability to mint 80 NFTs per second.
3. How does Upland plan to enhance its visibility in the broader market, and what role does Sparklet play in this?
Upland is expanding its utility token, Spark, onto the Ethereum blockchain as Sparklet to increase its presence in the broader crypto market, creating new opportunities for users and investors. This decision was influenced by a favorable court ruling for Ripple and Upland’s unique approach to token distribution.