Real Life Monopoly Thanks to Cryptocurrencies

Have you ever played Monopoly? It’s usually played with family and friends. The object is to make everyone hate you.

Date: 
March 11, 2020
Read time: 
2 minutes

Real Life Monopoly Thanks to Cryptocurrencies

Date: 
March 11, 2020
Read time: 
2 minutes

Have you ever played Monopoly? It’s usually played with family and friends. The object is to make everyone hate you.

Have you ever played Monopoly? It’s usually played with family and friends. The object is to make everyone hate you.

NFT’s -- non-fungible tokens -- are opening up the world of digital collectibles.

I’m joking, I’m joking. The object of the game is to go around and around the board buying as many pieces of properties as you can afford. Then renovating the properties. That way when one of your family or friends lands on your property -- you can charge them outrageous amounts of money! And then they hate you. It’s all good fun, honestly!

It’s true! 

And now you can take the game to the real world.

There’s a company called Upland. They are putting real estate on the blockchain. Not just any real estate. The virtual land they’re selling represents actual property in the real world. Currently, it looks like they’re focusing on San Francisco.

So if you want, you can buy a virtual piece of property corresponding to your favorite S.F. location. All it costs is ETH
 

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But it’s broader than that.

NFT’s -- non-fungible tokens -- are opening up the world of digital collectibles. Why, just recently another digital property game (based on the blockchain) sold out of virtual land. The Sandbox -- is what they call themselves.

The Sandbox launched a presale, listed 3,000 pieces of virtual land, and SOLD OUT in a couple of days. This allowed them to raise $206,000.

Decentraland is a similar platform -- and perhaps the most well known. You could say they are the Cryptokitties of the virtual land game. In February they held a 10-day sale and raised more than a $1 million worth of virtual real estate -- all playable by making an avatar in their digital world. 

All of these virtual land games are powered by the Ethereum blockchain. Specifically the ERC-721 token.

Posted by R.R. Hauxley

R.R. Hauxley traveled around the world ... 1 year on 1 Bitcoin. 20 countries, 12 months, 1 Bitcoin. He wrote a book about it: Stolen Wallets and Where to Buy Them. Along the way he met and interviewed the sharpest, brightest minds in crypto today: Vitalik Buterin, Charlie Lee, and more. Today Rafael educates the crypto curious and delves further into the incredible world of blockchain.

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