Fungible Tokens Turn Monopoly Money Into Cryptocurrency

If you had bought a house in San Francisco at the start of the millennium, you’d be rich now. The median price of a house then was $420,000. Now, a house in the city fetches a median price of about $1.3 million. That’s almost a million dollars in profit over twenty years, and you missed it.

But it’s not too late, not if you’re prepared to swap San Francisco’s bricks and mortar for its bits and bytes. Upland is a new Monopoly-type game based on San Francisco. It lets players buy digital versions of the city’s properties. So if you always wanted to own a Painted Lady on Steiner Street or a hemp café in Haight-Ashbury, now’s your chance — at least digitally. You can earn rental income on those properties, just like in Monopoly, and you can buy and sell those properties, just like in real life. The prices will even rise and fall (or, as it’s San Francisco, rise and rise), just like in real life too. 

The idea of using the blockchain to power a market in digital…