Bloktopia Goes Multichain!
In the wake of the Bitcoin surge in 2021, many of the altcoins gained a great deal of traction. We have seen that cryptocurrencies listed on top exchanges have grown more rapidly than others during these price surges.
Bloktopia was one of the most talked-about Web3 metaverse cryptocurrencies waiting to be listed on a major exchange.
The announcement that Bloktopia’s $BLOK token will launch on the Binance network as part of BNB CHAIN’s new Multichain strategy released today was well worth the wait!
Users are now able to access the Bloktopia Metaverse on the BNB chain and use BNB $BLOK token!
Bloktopia Multichain Metaverse
Bloktopia team announced this week that it will adopt a Web3 MultiChain approach to cryptocurrency within its Metaverse as part of its 2022 Product Roadmap.
Bloktopia was built on the Polygon (MATIC) network, an interchain scalability Web3 solution that provides the infrastructure required to build blockchain networks that can communicate with each other.
Polygon offers the scalability, adaptability, and security of altcoin chains along with Ethereum’s liquidity, security, and interoperability.
Developers and investors favor Polygon’s cutting-edge technology because of its high scalability, speed, and low gas fees, as well as supporting Ethereum’s high-quality security protocols for building decentralized applications.
A total of 130 million unique addresses and 2.67 million active users are currently registered on Polygon.
Ethereum has significant advantages over Bitcoin, but its high transaction costs limit it, so Polygon (MATIC) aims to address these shortcomings.
Polygon Bloktopia: Key Strategic Partnership
Polygon has been and remains a Key Strategic Partner of Bloktopia.
However, developing the Bloktopia Metaverse will also require it to be extended to other networks besides Polygon.
The Limits of Blockchain Tech
It is Bloktopia’s mission to encourage the adoption of cryptocurrency by creating a platform that promotes mass adoption.
Traditionally, the Internet has been a disjointed infrastructure that has struggled to scale.
Consequently, blockchain technology should evolve and realize that being isolated and unconnected is not as strong a position as being part of a Web3 connected ecosystem.
The blockchain industry is in its adoption stage, where the number of users has outgrown the capabilities of the technology. Networks are routinely congested and expensive as a result.
With a MultiChain approach, transactions can be simplified and end-users can enjoy frictionless experiences.
It is imperative for Bloktopia to achieve success in making blockchain a high-growth industry to offer a solution that is attractive to new users and experienced crypto OGs enthusiasts.
The inclusion of new chains in the $BLOK network will not result in an increase in token supply, the total supply will remain the same.
In order to ensure that Bloktopia is given the best opportunity to succeed with its move to going Web3 multichain, all options will be explored. In essence, it means joining forces with more networks to eliminate any potential scaling issues with the use of technologies such as bridges, parachains, and other features to ensure seamless transitions for users of Web 3.0.
BNB Chain BEP20 $BLOK on Kucoin
KuCoin has now opened the deposit service for BNB Chain BEP20 $BLOK!
Please take note of the following schedule:
1. KuCoin has now opened the deposit service for BEP20 Bloktopia (BLOK).
2. KuCoin will open the withdrawal service for BEP20 Bloktopia (BLOK) at 12:00 on April 4, 2022 (UTC).
Users can check the Assets> Main Account> Deposit/Withdrawal page and select the BLOK (BEP20) network for transactions.
What is Kucoin Exchange?
Being among the most popular cryptocurrency exchanges, KuCoin allows users to buy, sell, and trade cryptocurrencies. The platform also offers margin and futures trading along with basic trading options.
In addition to staking and lending their crypto, users can also earn rewards. KuCoin has lower trading fees than some competitors, making it an attractive option.
BNB Chain BEP20 $BLOK on PancakeSwap
BNB Chain BEP 20 $BLOK is now trading on The PancakeSwap exchange.
What is PancakeSwap Exchange?
PancakeSwap is a type of DEX known as an automated market maker (AMM). Therefore there is no order book, no bid/ask system, and there are no limit/market orders. Liquidity is automatically drawn from one or more liquidity pools by users trading on the platform.
$BLOK Price Spikes Following The Announcements
In the past three days, the price of $BLOK has increased by more than 75%, and at the time of writing, is trading above $0.028. One of the reasons behind this increase can be attributed to Binance BNB chain news.
What is BNB Chain?
Here are the main points of this Binance smart chain evolution:
- Binance Smart Chain and Binance Chain are now known as BNB Chain
- BNB Chain will create the parallel virtual ecosystem infrastructure of the world with the concept of MetaFi
- Binance Chain is powered by the blockchain gas token BNB, or “Build and Build” (previously called Binance Coin).
BNB and Binance were born in 2017. Binance Smart Chain (BSC) was introduced three years later. Binance Smart Chain grew and evolved along with Binance.
The birth of BSC coincided with the DeFi revolution when public interest in blockchain-based financial solutions was on the rise. Both Binance and BSC are still linked through BNB.
There Is More To Binance Than Meets The Eye
There is more to BNB than just Binance. Together with the Binance platform, BNB has a living, breathing ecosystem. The vision is for BNB to be owned by everyone one day, and so it must be freed up.
In order for BNB to live up to its full potential, Binance and BSC must set sail on separate courses. This is why Binance Chain and Binance Smart Chain (BSC) became BNB Chain.
BNB Chain Mission
In today’s technology-driven world, innovation never ceases, and there is confidence that the future is beyond Binance into the world of over 1 billion users.
Moreover, MetaFi plays a critical role in making interoperability a reality in the future.
A core mission of BNB Chain is to power the world’s parallel virtual ecosystems, along with its commitment to:
- For creators and inventors
- Forever decentralized
- And bigger than Binance
BNB Chain Includes:
- BNB Beacon Chain (previously Binance Chain) – BNB Chain Governance (Staking, Voting)
- BNB Smart Chain (BSC) (Previously Binance Smart Chain) – EVM compatible, consensus layers, and with hubs to multi-chains
The BNB (formerly known as Binance Coin) stands for “Build and Build.” In addition to fueling BNB Chain transactions (like gas on Ethereum), BNB also serves as a governance token.
Users who hold BNB have the right to make their voice heard and can participate in the decentralized governance of BNB Chain. As a result of this change, more features and resources will be available to BNB Chain community members, projects, and developers.
The BNB Chain community implemented additional technical upgrades for progressive decentralization during the past year, namely:
- Initiating the Bruno hard fork to increase the BNB burn rate.
- A new BNB Auto-Burn protocol that is objective and verifiable
Additionally, BNB Chain will include large-scale applications, such as GameFi, SocialFi, and Metaverse.
- Scaling from one chain to multichain
- Increasing BSC’s performance
- Introducing on-chain governance mechanisms
- Improving scaling solutions and an expansion of the validator set of BSC from 21 to 41 (with 20 validators functioning as candidate block producers)
Above all, BNB Chain remains a decentralized, open-source, and community-driven ecosystem. For its operation to be successful, it needs the support of its users, developers, validators, and delegators.
With major technical updates to BNB Chain, it’s time for its community to move towards MetaFi.
DeFi meets Meta
Globally, experts and companies use the terms ‘Metaverse‘ and ‘Meta‘. For BNB Chain, however, the use of the word ‘Meta’ denotes something all-encompassing or contributing to an overall goal, rather than an acronym for the Metaverse. However, the company prefers using the term MetaFi.
What is MetaFi?
MetaFi aggregates various types of projects such as Metaverse, GameFi, DeFi, SocialFi, NFTs and Web3 into a single initiative – MetaFi. Thanks to the metadata that identifies ownership of assets, this can be accomplished.
Through MetaFi, blockchain functionality will be able to merge into one meta ecosystem, which will be interoperable with various blockchains and platforms thanks to defined metadata standards.
The MetaFi concept can be applied to DeFi products, or to a mix of fungible and non-fungible tokens, with the second component of community governance such as Decentralized Autonomous Organizations (DAO).
The objective of MetaFi is to develop new ecosystems filled with a variety of functionalities, based on digital assets, that will enable mass adoption of the metaverse, while also providing users with new possibilities.
By combining these different blockchain initiatives, they create a parallel global thriving ecosystem serving users from all over the world.
These goals cannot be reached without stable, interoperable projects that integrate multichain functionality and bridges that facilitate large flows of digital assets and data exchange.
The BNB platform offers creators, developers, and entrepreneurs the opportunity to build for MetaFi. A community-led project, built on the BNB Chain platform, aims to build the infrastructure that underpins the world’s very own parallel virtual ecosystem.
Bloktopia is a decentralized Web3 Crypto Gaming Metaverse powered by Polygon, designed to deliver an unforgettable VR experience to the crypto community and connect users in one immersive and engaging virtual world.
The Bloktopia Web3 Skyscraper is essentially a building with 21 floors dedicated to honoring 21 million Bitcoins. The Skyscraper will represent the central hub and be the gathering place for all cryptocurrency-related levels of expertise.
With Bloktopia, VR is utilized to interact, play crypto-based games, enjoy, and engage in many ways, enabling the first-person perspective unavailable anywhere else.
Bloktopia will bring crypto-related information and interactive content under the same roof for the very first time. Token owners will be known as Bloktopians, and Bloktopia will serve as a central hub for crypto enthusiasts at all levels.
In the Bloktopia Metaverse, players will earn revenue through a variety of opportunities, including real estate ownership, advertising revenue, and Play-To-Earn games and activities.
Bloktopia’s four guiding principles
This is the first segment that takes into account how difficult it can be to navigate the crypto world. The Internet is flooded with resources and information on Crypto and Web3, including YouTube, Telegram, and Crypto Twitter, and they are very fragmented at the moment.
Bloktopia is geared towards addressing this challenge by positioning itself as a central hub where users can gather and learn in a safe and open environment.
With the many income streams offered by Bloktopia, there are many ways to earn revenue. Bloktopians have many options for building wealth, including Bloktopia real estate, passive earning, advertising, and staking.
Play is another essential component of any metaverse ecosystem, and competition, fun, and relaxation cannot exist without it. Through Bloktopia, users are able to interact with friends, play interactive games, and network while exploring a virtual reality world from a first-person viewpoint.
Finally, developers will give their users the chance to push the limits of their creativity by designing scenes, challenges, artworks, and more, creating them with a simple tool, and then participating in events to win prizes.
The native token of Bloktopia is BLOK, which can be traded on exchanges such as KuCoin, Gate.io, OKX, QuickSwap, and others.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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