Monopoly-Like Blockchain Property Game Secures $2M

The creator of an EOS-based Monopoly-style property game, Uplandme, has secured $2 million in seed funding from several angel investors and FinLab EOS VC Fund.

The funds will be utilized to finance the development and release of Upland, which is presently available in beta, and would be broadly accessible later this year.

Touted as “‘Monopoly’ meets blockchain,” the game allows players to trade, sell, and purchase fictional properties based on real-world addresses. Instead of paper cards, it utilizes non-fungible tokens (NFTs) or virtual collectibles like CryptoKitties to confer asset ownership.

Per Uplandme, the players own the properties recorded on the blockchain during the gameplay. The land also has a fixed supply like in real life.

“We expect that the game momentum will be driven by the simple fact that there is a natural scarcity of available properties because they are based on real-world addresses,” Uplandme co-founder Dirk Lueth stated.

Lueth and his partners, Idan Zuckerman and Mani Honigstein, seek to revolutionize the $50 billion casual games market.

“One game night, while playing Monopoly and watching the Netflix series ‘Stranger Things’ we got thinking about a property game in a parallel universe and realized how properties that are based on real-world addresses can be the perfect collectible NFT,” Lueth detailed.

Angel investors include Gameduell co-founder and CEO Kai Bolik, former Hewlett Packard Enterprise vice president Markus Ogurek, and Sprengnetter Group CEO Jan Sprengnetter.

“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,” FinLab EOS VC Fund managing director Stefan Schuetze stated.

Upland is among the several blockchain-powered games in different development stages. Upland players can trade their properties on a marketplace for the in-game currency, UPX. Presently, beta testers can trade properties in a digital San Francisco.