Up until now, there have been restrictions imposed on the size of a single USD transaction, with a cap of $10k USD. We are excited to announce that TODAY, we are opening up a pathway for players to transact in amounts greater than the current $10k USD cap, up to $100,000 USD! It’s our hope that this feature will enable the economy to continue maturing through the expansion of the NFT-to-USD program. 

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Some properties have incredibly high individual net worths but have been difficult to trade due to the limits placed on the NFT-to-USD program. This change should allow for more substantial trades to take place, further pushing the boundaries of the Upland economy.

Pre-Loading the USD Wallet

In order to facilitate transactions of this size, players will need to pre-load their USD wallets before completing a transaction. An attempt to purchase any property that exceeds $10k will prompt the player to begin this process. Alternatively, players can also navigate to their profile page and select “Add Funds.” Players who wish to start a wire transfer will be emailed instructions on how to wire USD to our partners at Tillia, Inc. If a player has not yet completed the Identity Verification process, they will need to do so before gaining access to this feature.

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Once the transaction has settled, the transferred amount will become available in the player’s USD wallet. As with all wire transfers, this process may take a few days to complete. To make a purchase over $10k, players will simply need to select the property they wish to buy and complete the transaction as normal.

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‍Note: This feature is only available for property purchases at this time, but will be extended to all other UNFTs (BEs, Legits, Ornaments, etc.) through Metaventures in the future.