With the growing momentum of Blockchain adoption worldwide, it is also predicted that the Metaverse industry is likely to expand within both the Virtual Reality( VR) and Non- Fungible Token( NFT) sectors.
Analyses around this area show that the metaverse market is expected to reach a $280 billion valuation by 2025. This is why metaverses such as Bloktopia have a massive opportunity to take off and skyrocket.
Bloktopia is a decentralized metaverse built and supported by Polygon, and in this post, we will be shedding more light on the project’s pivotal visions.
What is Bloktopia?
Bloktopia is a decentralized metaverse created to deliver a unique VR experience for the crypto community and bring users together in one immersive and participating virtual world.
Fundamentally, it’s a Skyscraper with 21 floors intended to pay tribute to 21 million Bitcoin. It will operate as the main hub and include all crypto experience and knowledge stages.
This will be the first time users have access to crypto information and interactive content under one roof. Bloktopians will be known as token owners, and Bloktopia will act as a central hub, welcoming crypto enthusiasts of all levels. Users will be able to connect to crypto information and engaging material all in one place for the first time ever.
You could think of an all-in-one place where you can drop off and have all your needs fulfilled. In this case, you can enjoy the freedom that comes with decentralization.
Bloktopians will have the opportunity to earn revenue through real estate ownership, advertising revenue, playing games, making connections, and many more activities.
Bloktopia will use this technology to create spectacular visualizations and experiences using the world’s most advanced real-meter 3D Creation Engine.
The most exciting feature of this ambitious project is the Metaverse.
Metaverse is the bridge between the physical and virtual world within the decentralized and open-source virtual universe.
Cryptographic protocols will be developed to manage digital assets, such as digital art, digital real estate, advertising space, or making personal avatars. Facilitators will be NFT’s on the Polygon Network, allowing cost-effective and rapid transaction processing.
Bloktopia’s four main principles
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?
Bloktopia is powered by BLOK, the native token of the project. In addition to the decentralized exchanges, BLOK will be traded on the centralized exchanges as well.
In addition to this, the BLOK from initial real estate properties purchases will be publicly burned, resulting in a decline in the overall supply of BLOK.
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;
1. Reblok, a means of buying properties located in Bloktopia. After the TOKEN distribution event (TGE), Bloktopians will have the opportunity to purchase real estate. It will be a valuable asset in Bloktopia that they can resell for profit or lend as a passive source of income.
2. Another one is Adblok. Advertising within Bloktopia is one of the pivotal revenue opportunities for investors. Key brand collaborators have the option of advertising on Bloktopia. The Bloktopia real estate will be sold over three periods, and all BLOK tokens used to purchase the BLOK real estate will be burnt, reducing the supply of BLOK tokens by 22%.
Lastly, there will be a max. suply of 200 000,000 000 BLOK and a circulating supply of 8,338,704,276 BLOK coins
$BLOK Main Purposes
There are four main functions that the BLOK will serve; that the BLOK will serve;
1. Being the native token of Bloktopia, BLOK be required to purchase or lease all real estate within Bloktopia,
2. Bloktopians will be able to purchase entries from the Bloktopia marketplace via an NFT mechanism. The marketplace will showcase items to personalize both real estate properties and customize avatars,
3. Blok will too give purchasers a wide range of pieces within Bloktopia.
Examples include accessing exclusive happens, meeting pre auctions, and staking.
4. Finally, Bloktopia is also currently working on a Governance model. Bloktopia will have a Governance token known as BLOKG. This token will be required for token incumbents to vote and appear in Bloktopia.
Feel free to check out more details of the tokenomics in the lightpaper by following the link on the official website of Bloktopia and learning more about the vesting stage details, token rationing, etc.
Bloktopia IDO Huge Success
Bloktopia held its IDO on Seedify, Red Kite, Oxbull, and Trustpad launchpads last year in early October.Despite various challenges, Bloktopia succeeded in raising $4.9 million in investment.
Bloktopia Metaverse’s incredible visualization is one of its awe-inspiring features, having been created with the most advanced technology available for creating 3D worlds.
Bloktopia has experienced incredible success due to the possibility that users will interact with each other in a fully immersive virtual reality environment. That helped the investors to obtain an astonishing 217X return on their investment.
The Team and Collaborations
Bloktopia has top-tier collaborators on board, including Venly, Anzu, Polygon, and Zokyo, which is a good sign of its vast potential.
Big names also invested with them, including Animoca Brands, Jake Paul, Bitboy, Moonwhale, GenBlock Capital, Polygon, AU21 Capital, Shima Capital, and Exnetwork Capital.
Elrond, a blockchain platform, has recently signed a significant deal with Bloktopia and joined the growing number of crypto businesses venturing into the metaverse. As an Anchor Tenant, Elrond’s virtual HQ will be placed on Level 1, which is a privileged location since it’s where all players spawn by default.
The team behind Bloktopia comprises qualified and experienced actors from different fields: Space, Business Marketing, Film industry, and even Immersive Technology. They even have PlayStation and Sky Vegas as one of their corporate members.
Last-place but not least, Bloktopia has made some mileage in its pursuit to establish a world-class Metaverse. In Q2 of 2021, they launched their impression, did a feasibility validation, constructed their squad, drafted the design, wrote the script, finished their lightpaper, and even designed their Reblok and Adblok NFTs.
The NFT Marketplace and Staking were launched during the third quarter, along with the early adopter round. As for the rest of Q3, the team expects to hold two NFT Real Estate auctions, complete 3D modeling, environmental planning, develop wire formulas and the front-end infrastructure.
And of course, Bloktopia has made sure that you can learn more about them and keep in touch through various communication channels.
These include Telegram, Twitter, and Medium. You have the potential to shoot them an email through their official email address, peculiarly if you have specific questions such as how to participate or even offer your suggestions on various aspects of the projects.
Overall, Bloktopia looks like a promising project that could make huge waves in the Metaverse space very soon.
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.