Chainlink virtual HQ will be one of the Bloktopia Metaverse First Floor tenants!
The most advanced decentralized oracle network, Chainlink, took the last free seat on Level One and further strengthened Bloktopia Metaverse’s list of notable tenants.
Bloktopia Metaverse will feature Chainlink HQ and use Chainlink VRF to support random outcomes in BLOK Party Games.
Bloktopia has attracted quite a few sounding names in the crypto world and has formed many powerful partnerships.
It is safe to assume that those partnerships will eventually blossom into potent business results and positively impact $BLOK value going forward.
BLOK Party Games
The Bloktopia Metaverse will also be powered by Chainlink Verifiable Random Function (VRF) on the Polygon mainnet to support the BLOK Party games hosted on the Bloktopia Metaverse.
This integration will empower Bloktopia to implement a decentralized Oracle network that can provide a verifiable on-chain random number generator that will be used to power BLOK Party Games across the Metaverse.
That will provide users with provable assurances that Bloktopia-based games are unbiased in their randomized results, ultimately further enhancing transparency and fairness.
Welcome to Bloktopia @chainlink! We are looking forward to working together🤝
— Bloktopia (@bloktopia) February 11, 2022
All tenants are now confirmed for Level 1 of our metaverse!#AlphaIsComing https://t.co/aB1GDMsG2M
Level One Tenants
Located on Level One of Bloktopia, the Chainlink virtual HQ will join the likes of Binance NFT, Polygon, Avalanche, Chiliz, Algorand, Solana, Travala, Elrond, Anti-Fund, Kucoin, Animoca Brands, CoinMarketCap, and CoinTelegraph, along with key influencers in the crypto industry such as BitBoy and Jake Paul.
Bloktopia is the next generation of social networking, retail, and brand experiences in the Metaverse. Its immersive virtual environment will include hundreds of virtual HQs, a global event space, and an abundance of virtual stores.
Bloktopia offers visitors an opportunity to learn basics or advanced skills from some of the best minds in the industry, play games with friends, earn revenue, build networks, and much more.
More about Chainlink
After creating Bitcoin, smart contracts have probably been the most game-changing innovation in crypto.
Ethereum’s founder and programmer Vitalik Buterin originally proposed smart contracts as a way to execute agreements between two parties without a third party’s involvement.
Smart Contracts Explained
Imagine you were to sell your car to someone you haven’t met, with no car dealer involved, depending solely on a trusty algorithm that both parties can rely upon.
However, most smart contract platforms are isolated on individual blockchains and do not have access to external data sources.
Using smart contracts in this way makes them unable to react to real-world events, for instance, when the odds on a betting platform change after a point is scored in a basketball match.
Smart Contract Solution
Using its network of decentralized data providers, Chainlink provides a solution to this problem.
Having live data from numerous sources around the globe makes this more reliable since it is supplied from multiple resources.
For data providers to participate in this network, they must stake LINK tokens. From then on, if they send incorrect information, they will have their stakes reduced.
Therefore, keeping the network safe from bad actors and encouraging cooperation ensures getting the trusted data from this arrangement.
Chainlink Industry Leader
Chainlink has become the industry standard for building, accessing, and selling Oracle services necessary to power hybrid smart contracts in recent years.
Using Chainlink Oracle networks, smart contracts can connect reliably to external APIs and leverage off-chain computations to enable feature-rich applications.
Chainlink currently serves tens of billions of dollars in DeFi, insurance, gaming, and other major industries. It provides a universal gateway to all blockchains for global enterprises and data providers.
Chainlink’s solution is increasingly in demand as more and more smart contract platforms go live on their blockchains. With the first-mover advantage and a large amount of funding, Chainlink has in the Oracle space; it undoubtedly has the edge.
Chainlink Partners
Chainlink has already attracted a significant number of working partners, which has made it attractive to investors.
Chainlink’s live price feeds are used by almost every Ethereum-based DeFi project, from Aave to Yearn Finance, for things like adjusting lending and borrowing rates.
Several of today’s leading blockchain platforms, such as Binance and Polkadot, employ Chainlink as a core component.
Chainlink boasts a long list of business relationships outside the blockchain world, including collaborations with Google Cloud, Intel, and Swift.
Chainlink’s strategic acquisition of DECO, a project aimed at improving how data is sent securely over the internet, suggests Chainlink is interested in providing data solutions to large, private companies seeking protection of potentially sensitive information.
In fact, if Chainlink succeeds in achieving this goal, it could be one of the first blockchain startups to experience widespread mainstream adoption within the corporate sector.
What is Bloktopia
Bloktopia is a virtual world that brings the crypto community together in one place and offers a unique VR experience.
There are 21 floors in the skyscraper intended to represent 21 million bitcoins. It will be the main entry point to all crypto experiences and knowledge stages.
The users of this platform will have access to crypto information and interactive content under one roof for the very first time.
Who are Bloktopians
Bloktopians are owners of Bloktopia tokens, and Bloktopia will act as a hub for all types of crypto enthusiasts.
If you could imagine a place where you could get all the services you would need in one place, then this would be something that users would most certainly want to explore.
Consequently, participants will enjoy the freedom that can be provided by a truly decentralized platform like Bloktopia delivers.
Bloktopia Metaverse offers a lot. Among many other activities involving real estate, gaming, creating relationships, and various other activities, Bloktopians will have the opportunity to generate revenue.
A full-blown 3D experience
With Bloktopia’s advanced 3D Creation Engine, the company will be able to produce spectacular visualizations and experiences that are unparalleled in the industry.
Bloktopia Immersive Metaverse
Bloktopia’s most attractive feature is the integral component of the Metaverse.
In the Metaverse, physical and virtual worlds come together in a genuinely decentralized virtual environment.
With the Bloktopia Metaverse, digital assets such as digital art, real estate, advertising, and avatars are managed through cryptographic protocols.
Transaction facilitation will be enabled by NFTs on the Polygon Network, which will allow for cost-effective and rapid transaction processing.
Polygon strives to support Web3 for everyone. Developers can use Polygon to build scalable, user-friendly dApps with low transaction fees while never compromising security.
Bloktopia’s four leading principles
Bloktopia Ecosystem consists of the following four components:
Learn, Earn, Play, Create
Learn
Crypto can be difficult to navigate, so this is the first principal component. YouTube, Telegram, Crypto Twitter, etc., are all places where there is a lot of crypto information and resources floating around in an unorganized manner. To address this challenge, Bloktopia will act as a central hub, which will allow users to engage and interact in an open and friendly environment.
Earn
With Bloktopia, you can earn revenue in multiple ways. Wealth can be built in a number of ways, including purchasing property inside the Bloktopia Metaverse, passive earnings, and advertisements.
Play
This component cannot be omitted in a metaverse, as it promotes fun, competition, and relaxation. The first-person perspective users can experience in Bloktopia allows users to explore a virtual world, connect with friends, and play interactive games.
Create
Finally, the development projects will offer their users a chance to participate actively. Participants can use simple tools to create scenes, art, challenges, and more. Users can also participate in contests to win prizes.
Is it possible to EARN with BLOK?
Several ways are available for you to earn revenue with Bloktopia. You can buy properties inside the Bloktopia Metaverse, earn passive income, and generate revenue through advertising.
Further, BLOK will be able to be traded on both decentralized and centralized exchanges. The initial supply of BLOK from real estate purchases will be burnt for publicity reasons, which will lessen the overall supply.
Bloktopia will also require $BLOK to purchase items such as upgrades or marketplace gear within the Bloktopia Metaverse. Bloktopia’s Ecosystem relies on $BLOK, making it a vital and valuable component.
The supply of $BLOK will be reduced as a result of burning $BLOK tokens from initial real estate purchases.
Ultimately, Bloktopia offers two methods for users to earn money: Reblok and Adblok.
Reblok
Fundamentally, it is the process of purchasing properties in Bloktopia. Those who wish to buy property in Bloktopia will be able to do so after the token distribution event (TGE).
To reduce its supply by 22%, all BLOK tokens used to purchase Bloktopia real estate will be burned.
BLOK has the potential to be a valuable asset in Bloktopia since Bloktopian residents can speculate on Bloktopia’s real estate, resell for a profit, or lease the property to generate revenue.
Adblok
Bloktopia’s advertising-income is one of its most significant sources of revenue.
Bloktopia offers a range of advertising opportunities for major brands. As part of the Bloktopia Metaverse experience, brands will have the ability to advertise and spread their brand awareness.
Bloktopia token holders will receive a portion of these generated advertising fees.
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.
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