What is Bloktopia (BLOK) and how does it work?

The Metaverse is a major buzzword in the worlds of crypto and technology, as well as in the art and gaming spaces. The term was coined in the early 1990s by American science fiction writer Neal Stephenson in his work Snow Crash. In this novel, he describes a virtual world in the imagined future where virtual reality (VR) goggle-wearing users inhabit three-dimensional (3D) avatars and buy and sell virtual real estate on a planet-encircling market.

In a nutshell, the Metaverse concept refers to a persistent simulated online digital universe that combines multiple elements of technology, such as VR, augmented reality (AR), mixed reality (MR) and blockchain, along with 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 users’ interaction by mimicking the real world. In metaverses, users can do work or shopping, play games, meet and socialize together and perform online most of the activities that they do in everyday life. Additionally, video games provide the closest metaverse experience to offer usually by creating virtual economies and hosting in-game events.

What is Bloktopia?

Bloktopia is a metaverse project that aims to be an educational and entertainment hub for all levels of crypto experience with information and immersive experience in one place. Built on top of the Polygon network and powered by the cross-platform game engine Unity, Bloktopia leverages the technology to create stunning visualizations and user experiences.

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

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

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

The Bloktopia metaverse is like a giant shopping mall, where stores exist alongside other types of activities where blockchain and NFTs projects, exchanges, influencers and brands showcase their product. To sum up, Bloktopia is used for education, income, gaming, creativity and VR social experience.

If you wonder who is behind Bloktopia, the answer is simple: experienced blockchain veterans who have been active in the tech, crypto and film spaces 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 community of Bloktopians, Bloktopia users can engage in an immersive environment according to the project’s four core pillars: learn, earn, play and create. Generally, Bloktopia’s high-end metaverse allows visitors to:

First of all, to engage with Bloktopia, users need to create avatars that spawn outside the Bloktopia 21-story skyscraper. Then, once users create their avatars, they enter the first level which is a first-class commercial space. There they can get information about cryptocurrency prices, contact support, use the navigation area and help desk, and see the agenda of the events and the summary of all events. Level one users are also able to participate in the events through registration.

Basically, level one presents an overview of what’s going on in the Metaverse and is the area for crypto influencers for advertising. Bloktopia offers advertising boards named totems: 21 large and 84 small ones that are located on this floor and are considered to be excellent advertising opportunities.

On floor six, users can find the Auditorium. This place hosts immersive and interactive video presentations from crypto influencers and constitutes part of the key events in the Bloktopia metaverse. Some crypto talks and presentations are promoted within this metaverse and users receive rewards for attending them.

Another space is a penthouse and gaming section. This floor is created to refresh the mood of Bloktopians. In it, Bloktopians can play poker or some multiplayer games of chance. In addition to having fun, one of the benefits of playing them is the opportunity to win Bloktopia metaverse’s native tokens.

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

Tokens inside Bloktopia

Bloktopia’s native token is named BLOK. It is a utility token with which users can access exclusive events and buy things within the Bloktopia metaverse. In particular, BLOCK is required to purchase customized avatars or lease all virtual real estate within Bloktopia, making BLOK tokens valuable and necessary for the ecosystem to operate. For instance, it is used for upgrading real estate space or purchasing items from within the Bloktopia marketplace.

BLOCK is an ERC-20 token that works on the Polygon network, a layer-2 scaling solution of Ethereum. It was launched in October 2021 and has a total emission of 200 billion BLOKs. All BLOK tokens from initial real estate purchases are publicity burned, decreasing the overall supply of the token. Bloktopians are able to buy and sell BLOK via decentralized exchanges (DEXs). BLOK is available to buy and sell 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 that will become essential power of Bloktopia’s decentralized autonomous organization (DAO). Simply put, BLOCK tokens allow its holders to purchase NFTs, which represent ownership for REBLOK and ADBLOK and vote with BLOKG.

What is the future of Bloktopia?

Bloktopia metaverse is a nascent project that has already grabbed the attention of the crypto community due to its potential to become a disruptive informative hub of immersive entertainment and education. Bloktopia is a good crypto project that aims to be a formidable competitor in the global VR and AR and gaming markets, which are gradually moving to the next generation of gaming technologies.

Examples of prominent metaverse projects such as Decentraland and The Sandbox already showed the community what they can bring. So, why invest in Bloktopia? The original idea and the scope of new technologies applied by Bloktopia are no doubt impressive. However, always consider the risks along with the benefits while investing in any project.