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Upland Update Gives Users The Ability To Build a Business In The Metaverse

Upland's latest development will let you start your own metaverse business, earn tokens and become an entrepreneur. NFT cars will also be joining the platform...
Photo by Shubham Dhage

Upland’s latest development will let you start your own metaverse business, earn tokens and become an entrepreneur. NFT cars will also be joining the platform and bringing new ways to experience the Play-to-Earn experience, such as street racing.

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Upland Economy Gets Strong Performance

Upland a NFT metaverse that is mapped to the real-world, where players can trade, buy, and sell digital properties with the in-game token, UPX. It works on iOS, Android, and the Web and uses the Play-to Earn gaming model. Recent figures show the strength and power of the metaverse.

The number of Upland property owners has risen to 252,594 since 2021. Players have made more than $2.8 million USD since then. There were 905,831 NFT assets, which included properties, explorers and Spirit legits. This includes 20,077 unique NFTs. The number of properties that have been minted in-game stands at 2,883,723.

This period also saw the purchase of 35,819 364,000 UPX. The average daily transaction volume was 107.316,000 UPX.

Upland’s property market is very active with 6,701 trades per hour in secondary market sales and 5,962 mints per daily on the primary market. There were 2,635,225 transactions on the primary market, and 1,983,560 secondary market sales. As you can see, owners are doing well here. The average Upland property sells for 3.58x its original mint price on the secondary market.

Shops and Race Cars Coming to Upland Metaverse

As developers add exciting new features and functions to the metaverse, the Upland economy has the chance to keep its high performance.

Metaventures is one such example. It allows players to own and operate shops in Upland. They will enable aspiring entrepreneurs to start their own businesses and create a new economy. Metaventure owners will be able to create their own brand and manufacture and sell NFTs. They can also act as brokers for other players and lend in-game assets. Ten Metaventures Beta Launch players have created their own brands, and are now ready to sell their Block Explorers.

NFT cars will be coming to Upland, which is an exciting development! The new transportation system will allow for real-time travel and racing as well as car-related business opportunities. Upland has even created its own brand of car, M Motors. It will be displayed in Santa Clara’s flagship showroom.

Cars will be used to transport between and within cities. Some cities are only accessible by car. Ridesharing will allow players to connect to each other, which will support a service economy that can transport cargo within Upland. Racing will be an immersive experience that allows players to race against each other in Upland-Sponsored or Player-Generated races. Players will be able operate new Metaventures related to cars, such as Showrooms (Dealerships), Body Shops and Racing Academies. This latest Upland development invites even real car brands to join the Web3 revolution.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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