Upland seems to be growing at an incredible rate these days, and we’re glad to share some updates on player-owned jobs, which we’ll now refer to as “Metaventures.” This change also indicates a departure from our previous business model, for which we have identified several shortcomings in promoting sound economic principles. In this way, we will introduce the “Venture Dues” fee model, which will have implications for how players’ release and maintain their Metaventures in the future.
The original model required all players to obtain an NFT business license so that they could lease or lease them to other players. Players can then use the NFT (Business Type) business license, which enables them to operate in a specific city. On paper, this model seems logical, but after careful examination, it was found that this model had significant restrictions.
In the previous model, just certain players had the chance to open jobs that need the mental approval of the Upland team to sign their activities. Besides, this means that the player must first pay for access fee to start a business without having the opportunity to test the market. NFT business licensing was also problematic for a given city, as it meant that we could efficiently cut off access after a certain number of licenses were previously in circulation. Needless to say, what are the challenges of how to distribute those licenses and acceptance parameters.