Bloktopia Metaverse welcomes new First Floor Tenants; Algorand (ALGO) and Chiliz (CHZ)!
It has been confirmed that Chiliz and Algorand will be included in the immersive Bloktopia Metaverse, and Algorand’s new HQ will be featured in the upcoming Bloktopia Alpha, which will be published later this month.
Despite the uncertain market dynamics at the moment, it is encouraging to hear exciting Bloktopia news about these partnership developments! There is an underlying positive sentiment from the community regarding Bloktopia’s future expansion.
Bloktopia has done well at this stage in its growth compared to other cryptocurrencies at its beginning, in spite of the current look at the $BLOK price chart.
Usually, according to crypto experts, bear markets are great equalizers and present a superior investment opportunity when they occur. It remains to be seen how Bloktopia $BLOK performs when the market recovers.
Disclaimer: Bloktopia News does not provide investment advice. Before investing in cryptocurrencies or Bitcoin, investors should always do their due diligence. Please note that any transfers or trades that you make are at your own risk, and any losses you may incur are your responsibility.
In the next section, we’ll take a closer look at the renowned New First Floor Tenants in the Bloktopia Metaverse.
What is ALGORAND (ALGO)
Algorand’s FutureFi technology provides a Pure Proof-Of-Stake blockchain, explicitly built for the future of finance.
Algorand’s technology goes beyond an open, public network. It enables a cluster of high-performance Layer-1 blockchains that offer security, scalability, complete transaction finality, built-in privacy, Co-Chains, and advanced smart contracts essential to a FutureFi-enabled world.
The Algorand MainNet was the first implementation of Pure Proof-of-Stake blockchain technology by Algorand. Developed by the Algorand Foundation, the Algorand blockchain is open to anyone and any organization to use.
As part of its continuing technical innovation and development, Agorand focuses on:
- Private and Public Models
- Performance and Scale
- Layer-2 Smart Contracts
Currently, the Algorand platform processes an average of 500,000 transactions per day. The Algorand platform has already been adopted by more than 500 organizations, taking advantage of layer-1 smart contracts and other capabilities the platform provides.
Algorand aims to provide a public, permissionless, genuine decentralized network that scales well and doesn’t suffer from the performance limitations of 1st generation blockchains.
Decentralization, scale, and security are three vital technical barriers that have hampered mainstream blockchain adoption for years but are now removed by Algorand.
It assures that the Algorand Consensus Mechanism can achieve full participation, security, and speed of a completely decentralized network.
Throughout Algorand’s transaction network, blocks are finalized in seconds, providing a speed comparable to large payment networks. In addition, Agorand is the first blockchain that provides instant completion of transactions.
Introducing Agorand’s New CEO
Sean Lee has decided that he will explore career opportunities outside of the Algorand Foundation starting in 2022 after he has served as CEO for over 18 months.
Therefore, Staci Warden was introduced as the new Chief Executive Officer of the Algorand Foundation on February 10th, 2022. As CEO, Warden, who has served on Algorand Foundation’s Board of Directors since September 2021, takes on additional responsibilities.
She has directorial and executive experience at the U.S. Treasury Department, JP Morgan, Nasdaq stock exchange, and Milken Institute. The Algorand Foundation is now one step closer to accelerating the ecosystem’s growth through her appointment.
A large portion of the global population doesn’t have access to finance and global financial infrastructures at the moment; this amounts to roughly 1.7 billion people.
With speed, security, and decentralization, the Algorand protocol solves this issue.
Algorand, the blockchain network of this new, emerging digital-first economic model, is a vital component, and the Algorand Foundation is committed to its development.
Moreover, it will ensure this new economy is inclusive, and it will leverage blockchain technology to make financial benefits more accessible to all.
Who is the Founder of Algorand?
MIT Professor Silvio Micali founded Algorand in 2017, a decentralized, secure, and scalable blockchain that can be used to develop products and services for a borderless economy. Micali is the head of research at Algorand and is responsible for theory, security, and crypto finance operations.
As a co-inventor, Professor Micali has also pioneered many innovations in cryptography over the years, such as probabilistic encryption, zero-knowledge, and verifiable random functions and taking part in other advancements now considered crucial to blockchain’s future growth and evolution.
After much celebration and skepticism in the media, El Salvador adopted Bitcoin as legal tender. However, it is rarely discussed that El Salvador is building its blockchain infrastructure on top of the Algorand platform.
It was widely reported that Cardano would be selected after talks between Charles Hoskinson and Bukele’s brothers about creating an El Salvador national stablecoin – the Colon Dollar – to facilitate everyday commerce for its citizens.
However, Algorand won the race; rumor had it, they also competed to generate a Colon Dollar.
MIT Professor Silvio Micali’s Proof-of-Stake (PoS) Algorand blockchain has already been widely adopted across Latin American national infrastructure.
Furthermore, it has been used in various capacities for Covid-19 responses, point-of-sale credit issuance systems, and smart contract financing systems.
Algorand 2022 Onwards
It is highly probable that 2022 will be a turning point for the Algorand network and broader crypto ecosystems, as cryptocurrencies such as crypto-based payment platforms, DeFi, and NFTs are adopted more widely.
Algorand looks set to become the dominant layer one blockchain, scale, and provide exceptional value to the community in the coming years.
You can learn more about Algorand here.
What is CHILIZ (CHZ)
The inception of Chiliz was in 2018.
This project was sparked by the belief that blockchain technology could provide fans worldwide with a new way to interact with their favorite sports organizations and provide global organizations with a unique business model for monetizing their fanbases.
With the help of digital assets called Fan Tokens and the Socios.com fan engagement and rewards platform, that idea has turned into a successful multinational company that is pioneering a generational shift in the sports industry.
Chiliz aspires to be the ultimate blockchain fintech provider for the sports and entertainment industries.
Chiliz (CHZ) is a digital currency solution for mainstream consumers interested in blockchain-based products and services.
Providing sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences, Chiliz strives to upgrade everyday experiences – fan engagement in entertainment, innovative ways to pay for conventional products and much more.
Using Chiliz’s blockchain infrastructure, Chiliz developed Socios.com from the ground up, which functions as a platform for sports fan engagement using $CHZ as the platform’s currency.
In addition to providing access to Fan Tokens, fungible digital assets created on the Chiliz blockchain, Socios.com is the largest non-exchange blockchain-powered app in the world.
Fans can buy branded Fan Tokens from some of the biggest and most renowned sports teams in the world, including FC Barcelona, Atlético de Madrid, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, OG, CAI & even UFC.
With the purchase of Fan Tokens on Socios.com, users can vote for their favorite teams and become qualified for engagement-based prizes and recognition.
The Chiliz blockchain mints Fan Tokens, and all voting takes place using smart contracts that run on the Chiliz platform.
Chiliz (CHZ) The Road Ahead
Chiliz has partnerships with leading sports teams around the world. In addition to having a worldwide spread staff, they have offices in Spain, Malta, France, Turkey, Brazil, and South Korea.
They also intend to add more offices in North America and the UK to their collection of international hubs and hundreds more partners over the coming years.
Chiliz $CHZ is leading a paradigm shift in how fans interact with their favorite teams, a change that is already having a profound impact on the sporting world.
In early October last year, Bloktopia held its IDO on Seedify, Red Kite, Oxbull, and Trustpad launchpads.
The company raised $4.9 million in investment despite a variety of obstacles.
Utilizing the most advanced technology available for constructing 3D worlds, Bloktopia Metaverse boasts an impressive visual presentation.
A huge reason behind the success of Bloktopia is the possibility of users interacting in fully immersive virtual reality environments. As a result, the investors received an astounding 217X return on their investment.
Bloktopia is a virtual world designed to deliver a unique VR experience to the crypto community as well as to bring its members together in one virtual space.
In essence, it is a 21-floor skyscraper intended to honor 21 million bitcoins. This hub will serve as the main entry point and encompass all the different stages of crypto experience and knowledge.
In this way, users will have access to crypto information and interactive content under one roof for the first time.
Owners of Bloktopia tokens will be referred to as Bloktopians, and Bloktopia will act as a hub for crypto enthusiasts of all stripes.
If you can think of a place that combines all the services you need in one place, then this is something that users would most definitely want to try out. In this case, participants will have the freedom that can be enjoyed as a result of a genuine decentralized platform.
As mentioned above, through the ownership of real estate, the enjoyment of games, the creation of relationships, and many other activities, Bloktopians will be able to develop a steady flow of revenue.
Full 3D Experience
The industry’s most advanced 3D Creation Engine will be used by Bloktopia to create spectacular visualizations and experiences.
Bloktopia’s most exciting feature is the Metaverse integral component.
Within the decentralized and open-source virtual universe, the metaverse is the bridge between the physical and virtual worlds.
When it comes to the Bloktopia Metaverse, digital assets will be managed by cryptographical protocols, including digital art, digital real estate, advertising, or personal avatars. NFTs on the Polygon Network will be the transaction facilitators, enabling cost-effective and rapid transaction processing.
Polygon supports Web3 for everyone. With Polygon, developers are able to build scalable, user-friendly dApps with low transaction fees, while never sacrificing security.
The four main principles of Bloktopia
The Bloktopia Ecosystem is composed of the following four intergral pieces:
Learn, Earn, Play, Create
This is the first component built on the basis that crypto can be a bit difficult to navigate. There is a lot of information and resources floating around the Internet in places such as YouTube, Telegram, Crypto Twitter, etc., all in a disorganized way. Bloktopia aims to address this challenge by serving as a central hub where users can interact and learn in an open, friendly setting.
Bloktopia provides multiple income streams through which one can earn revenue. Bloktopians can build wealth through a variety of avenues, including buying property within the Bloktopia Metaverse, passive earnings, and advertisement.
A metaverse would not be complete without this component, as it is necessary for relaxation, fun, and competition. Bloktopia lets users explore a virtual world from a first-person perspective, play interactive games, communicate with friends, and network.
As a final step, development projects will offer their users the opportunity to push the limits of their inventiveness by creating scenes, works of art, challenges, and more, using the simple make tool, and then taking part in contests for prizes.
How to EARN with BLOK?
Both decentralized and centralized exchanges will be able to trade BLOK.
The total supply of BLOK from initial real estate buys will be burned for publicity purposes, lessening the overall supply.
In addition, BLOK will be needed to buy items from Bloktopia, such as real estate space upgrades or marketplace items.
In short, BLOK serves as a vital component of the Bloktopia Ecosystem, making it valuable and essential. By burning BLOK from initial real estate purchases, the overall supply of BLOK will decrease.
Two more options will also be available;
Essentially, it is a way to purchase properties in Bloktopia. Bloktopians will be able to buy real estate after the TOKEN distribution event (TGE).
A total of 3 periods will be used to sell Bloktopia real estate, and all BLOK tokens used to purchase Bloktopia real estate will be burned to reduce the supply of BLOK tokens by 22%.
BLOK will be a valuable asset in Bloktopia since Bloktopians will be able to speculate on Bloktopia’s real estate and resell for a profit or lease the property to generate passive income.
One of Bloktopia’s most pivotal revenue sources is advertising.
Bloktopia offers advertising opportunities for leading brands, and they will work with key brand partners to provide them with an opportunity to advertise within the Bloktopia Metaverse.
The percentage of these advertising fees generated will be returned to Bloktopia token holders.
You can find more Bloktopia news here.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.