What is Bloktopia (BLOK) and how does it work? – Coin telegraph | Candle Made Easy

The Metaverse is a major buzzword in the crypto and technology world, as well as in the art and gaming world. The term was coined by American science fiction author Neal Stephenson in his work in the early 1990s snow crash. In this novel, he describes a virtual world in the imaginary future where users wearing virtual reality (VR) glasses inhabit three-dimensional (3D) avatars and buy and sell virtual real estate in a planet-spanning marketplace.

In short, the Metaverse concept refers to a persistently simulated online digital universe that combines multiple technology elements such as VR, augmented reality (AR), mixed reality (MR), and blockchain, as well as social media concepts.

Related: Augmented Reality vs Virtual Reality: Key Differences

Basically, the decentralized metaverse is a future iteration of the internet that creates environments that enrich user interaction by mimicking the real world. In Metaverse, users can work or shop, play games, meet and socialize, and do most of the activities they do in daily life online. Additionally, video games typically provide the closest metaverse experience by creating virtual economies and hosting in-game events.

What is Bloktopia?

Bloktopia is a Metaverse project that aims to be an education and entertainment center for all levels of crypto experience with information and immersive experiences in one place. Bloktopia is built on the Polygon network and powered by the cross-platform game engine Unity. Bloktopia uses the technology to create stunning visualizations and user experiences.

The Metaverse platform Bloktopia is designed as a decentralized VR skyscraper of 21 floors. The number 21 was not chosen at random, but in honor of Bitcoin’s total supply of 21 million, programmed by its inventor Satoshi Nakamoto.

Related: Can Bitcoin’s 21 million hard cap be changed?

The VR and AR technologies of the high-tech tower Bloktopia merge alongside blockchain and crypto to create a decentralized environment for future entrepreneurs, investors, gamers and developers. The economy of the Bloktopia metaverse is based on a dedicated Nonfungible Token (NFT) mechanism that allows its users, the Bloktopians, to own and develop land as virtual real estate, with advertisements and events creating earning opportunities for visitors.

The Bloktopia metaverse is like a giant mall where shops coexist with other types of activities where blockchain and NFTs projects, exchanges, influencers and brands showcase their products. In summary, Bloktopia is used for education, income, gaming, creativity and social VR experience.

If you’re wondering who is behind Bloktopia, the answer is simple: seasoned blockchain veterans who have been active in tech, crypto, and film for decades. They are co-founder and CEO Ross Tavakoli, co-founder and chief marketing officer Paddy Carrol, and chief technology officer Simon Benson.

How does Bloktopia (BLOK) work?

By providing a VR experience for the Bloktopian community, Bloktopia users can engage in an immersive environment according to the project’s four core pillars: Learn, Earn, Play and Create. In general, Bloktopia’s high-end Metaverse allows visitors to:

In order to engage with Bloktopia, users must first create avatars that spawn outside of Bloktopia’s 21-story skyscraper. Once users have created their avatars, they enter the first level, which is a premium business space. There they can find out about cryptocurrency prices, contact support, use the navigation panel and helpdesk, see the events agenda and the summary of all events. Level One users can also participate in the events by registering.

Basically, level one provides an overview of what’s going on in the metaverse and is the crypto influencer space for promotion. Bloktopia offers billboards called Totems: 21 large and 84 small located on this floor, which are considered excellent advertising opportunities.

On the sixth floor, users will find the auditorium. This location hosts immersive and interactive video presentations from crypto influencers and is part of key events in the Bloktopia metaverse. Some crypto talks and presentations will be promoted within this metaverse and users will receive rewards for their participation.

Another room is a penthouse and play area. This floor was created to freshen up the mood of Bloktopians. In it, Bloktopians can play poker or some multiplayer gambling games. Besides the fun of playing them, one of the perks of playing them is the opportunity to win the native tokens of the Bloktopia metaverse.

Additionally, Bloktopia users can unlock multiple streams of passive and active income, as well as staking, alongside prominent Bloktopia use cases such as access to educational and learning tools about crypto, virtual events and gatherings. One of the monetization options is an option to purchase blocks of real estate in the form of NFTs, which can later be rented out to advertising parties or used to host Bloktopian events.

Tokens in Bloktopia

Bloktopia’s native token is called BLOK. It’s a utility token that allows users to access exclusive events and buy things within the Bloktopia metaverse. In particular, BLOCK must purchase custom avatars or lease all virtual real estate within Bloktopia, making BLOK tokens valuable and necessary for the ecosystem to operate. For example, it is used for upgrading real estate space or buying items on the Bloktopia marketplace.

BLOCK is an ERC-20 token that works on the Polygon network, an Ethereum Layer 2 scaling solution. It was launched in October 2021 and has a total issuance of 200 billion BLOKs. All BLOK tokens from initial property purchases will be publicly burned, reducing the overall token supply. Bloktopians can buy and sell BLOK through decentralized exchanges (DEXs). BLOK can be bought and sold on OKEx, KuCoin, Gate.io, and QuickSwap to name a few.

BLOCK crypto tokens can be exchanged for other Bloktopia tokens: REBLOK tokens to buy or rent virtual real estate, ADBLOK tokens to buy or rent advertising space in the metaverse, and BLOKG governance tokens, which will become an essential power of the decentralized autonomous organization (DAO) of Bloktopia. Simply put, BLOCK tokens allow their holders to buy NFTs representing ownership of REBLOK and ADBLOK and vote with BLOKG.

What is the future of Bloktopia?

Bloktopia Metaverse is an emerging project that has already attracted the attention of the crypto community due to its potential to become a disruptive informational hub for immersive entertainment and education. Bloktopia is a good crypto project that aims to be a formidable competitor in the global VR & AR and gaming markets that are gradually moving to the next generation of gaming technologies.

Examples of prominent Metaverse projects like Decentraland and The Sandbox have already shown the community what they can bring. So why invest in Bloktopia? The original idea and the scope of new technologies applied by Bloktopia are undoubtedly impressive. However, always consider the risks along with the benefits when investing in any project.