Palo Alto, Calif., December 29, 2020 (GLOBE NEWSWIRE) – (via Blockchain Wire) Upland (https://upland.me/), the blockchain-based metaverse that is mapped to real-world addresses, announced today that the New York Stock Exchange virtual property, symbol of famous Wall Street, sold for 23,000,000 UPX (US $ 23,000) in their year-end auction. The reverse auction began with a starting bid for the world’s largest exchange at 25,000,000 UPX with prices dropping several rounds of two million UPXs and one million UPX over the sale of three days. The NYSE auction marks the highest real estate sale in all of the Upland metaverse to date.
Previous historic auctions of the Pier 39 and Ferry Building in San Francisco and the Trump Tower in Manhattan established a historic market premium curve ranging from 300% at the lowest base prices to 10% at the end superior. Located in the mid-range for a market price of 4,910,400 UPX (US $ 4,910), Upland expected the NYSE emblem to sell at a premium of at least 65% for an initial price. of 8,102,160 UPX ($ 8,102). The final sale of 23,000,000 UPX (US $ 23,000) far exceeded expectations and provided a premium of 368%.
Upland buyers are intrigued that they can trade their virtual properties in an open economy. Upland is also the first blockchain game to allow players to extract the monetary value of virtual goods through market transactions in US dollars through its partnership with Tilia Pay, a virtual savings payment platform from Linden Lab ( creators of Second Life), which is integrated into the metaverse.
What makes Upland so unique is its connection to the real world. Players start in San Francisco or Fresno, then travel by virtual airplane or virtual train between cities, collecting high-value real estate, earning income from virtual property trading, completing signature collections, and participating in celebrations. treasure hunts as well as live events. Each property is based on real world boundaries and is represented as a non-fungible token (NFT) on the blockchain, ensuring true ownership of the property.
Upland auctions are a huge opportunity for our community to own historic monuments that can provide exciting development opportunities in the Metaverse, said Dirk Lueth, co-founder of Upland. With the holidays over and the year coming to an end, the sale of NYSE, one of Manhattan’s most famous and significant structures, is a great way for Upland to grow further in 2021.
With the auction now closed in the app, interested players can make offers to buy to the new owner of the NYSE virtual property and – as before – to all other Upland owners.
To learn more about NYSE auctions, join the Upland Discord server where there is a live discussion on the # live-events and #auction channel.
For even more information and to download the game, please visit https://upland.me.
Upland (https://upland.me/) is a metaverse that combines real and virtual worlds, allowing users to buy, sell and trade virtual properties mapped to real addresses. Upland follows the principles of an open market economy, using blockchain technology to ensure true ownership of digital assets. Upland is available on iOS, Android, and desktop devices.
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