Executive Summary

DRAFT

THIS WHITE PAPER IS A DRAFT THAT HAS BEEN SHARED WITH THE UPLAND COMMUNITY. ALL STATEMENTS AND NUMBERS ARE SUBJECT TO CHANGES PRIOR TO THE FINAL RELEASE OF THE WHITE PAPER.

Upland, one of the world’s most widely adopted web3 metaverse platforms, is making its foundational utility token ‘Spark’ tradable outside of the Upland platform via a Token Tradability Event (“TTE”).

As a Layer 1 Metaverse, Upland is open for players, entrepreneurs, creators, partners, and developers to build and expand it within and beyond its boundaries (“Ecosystem Partners”). These Ecosystem Partners utilize the infrastructure and services provided by the platform so that they may focus on value creation within the economy. Upland utilizes Spark as the resource that is required for any stakeholder to create value in the form of world-building, community development, user-generated content, and unrestricted development of games, experiences, and services.

In the scope of the TTE, Spark will be mirrored by a new ERC-20 token named ‘Sparklet’, with each Sparklet being equivalent to one-thousandth (1/1000) of a Spark.

This initiative signifies Upland's commitment to advancing its path toward progressive decentralization, where Spark holders will now be able to trade Sparklet in liquid markets. Additionally, it aims to enhance its presence and credibility within the broader Web3 industry through the listing on top-tier exchanges, attracting a larger user base to the platform and enhancing the platform’s network effects. Ultimately, Upland remains steadfast in its mission to develop the world’s largest digital open economy.