Blockchain

Upland Allows Exchange of NFT Virtual Properties for Cash

Published

5 years ago

November 12, 2020

Niji Narayan

Upland Allows Exchange of NFT Virtual Properties for Cash

Reading Time: < 1 minute

Upland is the first-of-its-kind, next-gen blockchain metaverse mapped to the real world that merges social interactions and gaming with monetisation opportunities. To date, Upland players were able to transact via the in-game cryptocurrency UPX.

Now, with the introduction of Tilia Pay, players can start earning real money by flipping properties and in the future by selling all sorts of NFTs via operating their own virtual businesses in Upland.

Tilia Pay will enable Upland players to sell virtual properties, based on real-world addresses and represented by non-fungible tokens (NFTs), for US dollars. This makes Upland the first blockchain game to allow players to extract the monetary value of virtual goods back into real money in the real world.

“Creating virtual value and bringing it back as real money into the real world has always been an ultimate goal for us to get mainstream players into the Upland metaverse but we needed a robust payment partner that shared our vision and could scale,” Dirk Lueth, Co-Founder of Upland, said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.