As crypto markets may see their bull run continue for fungible tokens (aka Bitcoin, Ethereum, et al), the non-fungible token (NFT) asset class is quickly emerging as the next big thing in crypto in 2021.
Red-hot interest in this asset class coincides with the rise of metaverses or parallel worlds where people are spending more and more of their time and money. Known from the pre-blockchain era mainly through Second Life or Minecraft, blockchain-powered metaverses are becoming more of a thing, and NFTs are at the core of their value proposition. How? In order to participate in these metaverses, users need to purchase virtual land which are themselves unique, NFTs. Since every property NFT is a 1/1 edition of itself, it can be expected that as more people join these metaverses, land prices for these NFT properties will appreciate because of the scarcity factor built-in to digital metaverses. One very compelling example is Upland that has shown strong growth in the past months and is now one of the leading blockchain dapps in terms of daily active users. In fact, a single property parcel in Upland recently sold for $1,000 (yes, fiat money!).
A METAVERSE MAPPED TO THE REAL WORLD
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As a digital landowner in Upland, you earn a monthly yield of UPX coins that can be used to purchase more properties. Upland’s product roadmap is focused on the user-driven development and construction of single-family homes, real businesses, and cultural centers, including art galleries, on their NFT property parcels. Upland also has a thriving community of players on its Discord server, where fun flash challenges and community events are run daily for UPX and rare NFT prizes.
Bitcoinist readers get a higher sign-up bonus if they register via this special promo link: https://discover.upland.me/bitcoinist_12_2020 To spread the holiday cheer, Upland is partnering with Bitcoinist to run a contest for new players to win UPX, its in-game currency. Follow the steps here: https://sweepwidget.com/view/22038-bzxa6qji