Hi Friends,
I wanted to share a brief update on the progress of my Upland metaverse apartment building project.
I started construction a couple of months ago, and am now about 1/3rd completed with the project. The apartment building will have 10 units, which I think I should be able to “rent” at some point in the near future.
I have 53 different NFT properties in the Upland metaverse, but am stopping adding new money to buy NFTs there at the moment. There is too many properties coming on the market at too fast a pace, so I am fearful the resale value of my properties is being diminished by the rollout, and the team has not put out a clear plan for how frequently and how many new properties will be released, so that is giving me pause.
In the meantime, there is a 15-20% yield on my of my properties (pays in UPX), so I collecting that and have listed a few properties for resale, though no real interest with unminted properties still in abundance.
Thanks for coming by,
Brian
