The Metaverse game Upland claims to “Rebuild the World” with in-game real-world maps of properties that can be bought.
Of course, Uplanders do not own the actual properties, but it could easily be seen that way.
The physical and digital worlds have been merging at an increasing rate.
For example, WilIoT is practically doing the opposite of Upland with digital tracking of physical things in the real world.
Upland Improvement Proposal
The makers of Upland have been working for a long time to create a digital community, and within that, growth can be painful.
The UIP-1 (Upland Improvement Proposal) proposes changing the funding mechanism for the Community Pool, which is very confusing to some.
Even the Upland reddit post that dropped two on this matter two days ago shows they understand the confusing nature of their proposal.
Two Options for Upland Pool Funding
The Community Pool is for rewarding players, and the Upland Pool is for stabilizing the new user economy.
Currently, the Community Pool is a working business model.
It is thriving with regular transactions and economic growth for all users.
Upland Pool, the root of all UPX, only has an outflow from new users and existing users buying UPX for cash.
The proposal summarized that the Community Pool needs to trickle over to the Upland Pool for sustainable new user growth.
Community Building Requires Growing Pains
The creators claim they are working to stabilize the growth of the platform.
They took time researching how to establish clear ways that will allow the economy to fully function.
“Currently, we are in the final stages of preparing for this vote, so players should expect to see it go live in-app in the coming weeks,” states an r/UplandMe reddit post. “We are incredibly excited about this opportunity for players to have their voices heard in a critical economic decision. This vote is only just scratching the surface of what will be possible in the Upland metaverse. Thank you all for your dedication and support!”
In July, Uplanders exceeded $7,000,000 in the NFT-to-USD program, which is a great sign for this metaverse community.
Additionally, Upland Properties have a current 14.7% growth rate on property holdings.
“After analyzing the Upland economy and the flow of UPX from Upland Pool to user wallet to Community Pool for years, we are putting forth a simple, efficient, and more scalable way to fund the Upland Pool,” states an August 2022 Upland press release. “We’re excited about this new mechanism, as it optimizes the circulation of UPX within the Upland economy while opening new doors for a more decentralized, user-centric economy.”
While 87 percent of the UPX remains in the Community Pool, this does not reflect the need for minting more UPX.
The modified funding mechanism would allow for a balance of the two pools.
The Upland team makes it clear they would like the Community Pool to best be reflected by economic velocity and activity.
The funds moving to the Upland Fund makes sense as the team can build the community with them and strengthen economic velocity.
Both of which should strengthen their UPX value.
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