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Play-to-Earn Crypto Gamers Flip Virtual Properties for Fiat Rewards

A blockchain game adopts a play-to-earn model that lets users receive fiat for virtual property transactions.

As the world discovers more ways to implement blockchain technology, the billion-dollar gaming industry is leveraging the technology to bring transparency, trust and ownership of digital assets to players. A new vision for blockchain games is emerging — one that aims to bridge the gap between virtual worlds and reality through user commerce.

This notion is being demonstrated by blockchain game developer Uplandme. On May 21, Uplandme announced a partnership with Linden Lab’s Tilia division for leveraging Tilia Pay to enable fiat payments for virtual properties traded within the Upland game marketplace. Currently, the virtual San Francisco properties listed on Upland are traded and purchased by players using the in-game cryptocurrency UPX. Upland’s co-founder, Dirk Lueth, told Cointelegraph that when Upland was initially built, the goal was to create an ecosystem representing a real-world open economy. He said:

“Upland is a virtual version of Monopoly. It’s a trading game based on the EOS blockchain that features real-world addresses in San Francisco. These addresses are all tokenized as nonfungible tokens (NFTs), which can be traded and bought using the in-game cryptocurrency, UPX.”

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