Uplandme, has closed a financing round, which was led by Finlab EOS VC Fund and with the participation of several angel investors. FinLab EOS VC Fund is a venture capital fund backed by both Block (dot) 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.
“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 allow the creation of completely new game mechanics that were not possible before,” FinLab EOS VC Fund managing director of Stefan Schuetze .
The funds will be used to support the initial development and launch of Upland, a digital property trading game that blurs the boundaries between real and virtual worlds.
“We are excited to work with Uplandme as we believe they present a very unique and differentiated concept and that gaming and digital collectable companies, such as Uplandme are a great application of Blockchain technologies, in particular EOSIO,” commented EOS VC COO Paul Grotowski.
Players buy, sell, and trade properties based on real-world addresses. An in-game currency called UPX will power the economy of Upland. Players will be able to complete property collections, use location-based features and trade their properties on a marketplace.
“We have chosen 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,” said Uplandme co-founder Dirk Lueth.