$2M raised to develop Monopoly-like digital property trading game on EOS blockchain
Sat, 15 Jun 2019, 00:24 am UTC
In a recent round of financing, Finlab EOS VC Fund successfully raised $2 million in order to fund the development of a video game called Upland. The brainchild of Uplandme, Inc., the game is intended to change the property trading game by infusing it with blockchain technology and adding game elements. Players will essentially be able to purchase, own, and trade property similar to how it is done in the popular board game Monopoly.
FinLab EOS VC Fund Managing Director, Stefan Schuetze explained the reasoning for funding Upland in a recent press release:
"We invested into Uplandme, Inc. because we like the genuine idea of a virtual property market powered by the EOS Blockchain and the very experienced and passionate team behind it,'' he said. "Blockchain and specifically EOSIO allows the creation of completely new game mechanics that were not possible before."
As for the developers of the game, Uplandme, Inc. Co-founder, Dirk Lueth explained why the company decided to go with EOSIO blockchain software. He expressed particular interest in the ease of use of the technology in building a game:
"We have chosen the EOSIO blockchain software because it offers the best foundation to create a strong casual gaming experience where players engage quickly and can continuously enjoy the game without the hassle and need to understand today's complicated world of Blockchain. We are excited to work with Finlab and EOS VC to leverage their EOSIO background and financial expertise which are very important for us as we build out Upland.”
A digital currency called UPX will be used to purchase and sell these properties, of which, there are only a few in number. The developers believe that the finite nature of the properties will help propel the game to the top.
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