Monopoly-style blockchain game Upland secures angel funding

Jordan Heal

Upland – a blockchain-based game reminiscent of the classic Monopoly board game – has secured angel funding for its upcoming property trading game.

The news was announced in a recent press release following the close of a financing round led by Finlab EOS VC Fund.

FinLab EOS VC Fund is a venture capital fund backed by both Block.one, the publisher of the blockchain protocol EOSIO, and FinLab AG, one of Europe’s largest company builders and investors focused on financial services technologies.

Stefan Schuetze, managing director of FinLab EOS VC Fund, said: “We invested into Uplandme 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. Blockchain and specifically EOSIO allows the creation of completely new game mechanics that were not possible before.”

The funds raised will be used to support the initial development and launch of Upland, which is a digital property trading game that blurs the lines between real and virtual worlds.

Players will be tasked with buying, selling, and trading properties based on real-world addresses. The game will use UPX as an in-game currency which will power the in-game economy. Players will be able to complete property collections, use location-based features, and trade their properties on the marketplace.

Dirk Lueth, co-founder of Uplandme, revealed: “We have 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.”

Interested in reading more blockchain gaming-related stories? Discover more about Ethereum adopting ERC-1155 as an official standard to be used by the Ethereum development community.

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