What is Bloktopia’s role in the Metaverse ecosystem?

What is Bloktopia’s role in the Metaverse ecosystem?

Metaverse News
May 4, 2022 by Diana Ambolis
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Bloktopia is one of the few immersive technology companies released in the Metaverse ecosystem open to the general public. While firms like Meta Platforms Inc. and Microsoft are still in the early stages of development, demand for Bloktopia’s blockchain-based VR environment and cryptocurrency token BLOK is growing. The platform has a novel premise: it is
Investing in the Metaverse: Risks and Rewards

Bloktopia is one of the few immersive technology companies released in the Metaverse ecosystem open to the general public. While firms like Meta Platforms Inc. and Microsoft are still in the early stages of development, demand for Bloktopia’s blockchain-based VR environment and cryptocurrency token BLOK is growing.

The platform has a novel premise: it is envisioned as a 21-story building, acknowledging that Satoshi Nakamoto’s original whitepaper states that only 21 million Bitcoins can ever be mined.

The Metaverse ecosystem will be worth $872.35 billion by 2028, and early movers like Bloktopia, one of the top metaverse platforms for 2022, have led the charge.

Understanding the Metaverse Ecosystem

The Metaverse ecosystem is a cohesive three-dimensional environment that includes various spaces and realities, much like the real world. Users can actually ‘interact’ with its digital components thanks to immersive technologies like virtual reality (VR), augmented reality (AR), and mixed reality (MR).

Bloktopia’s environment is also decentralized, which is a significant feature. A large number of stakeholders have shared ownership of the domain. Metaverse ecosystems leverage blockchain architecture to enable this decentralization.

The following are some of the primary elements of the Metaverse ecosystem (as it currently exists):

Non-fungible tokens are used to sell virtual real estate (NFTs)

Users’ 3D avatars can be customized, allowing them to express themselves while remaining anonymous.

The Metaverse will become a centralized and unified entity in the future. There will be only one Metaverse, encompassing all other digital worlds that co-exist and are explored by users in the same environment. Gameplay and game creation with a revenue stream is a self-sufficient economy based on a platform-specific cryptocurrency token.

Also, read – How are Apecoin and Metaverse Related?

For long years, Bloktopia has been developing a Metaverse platform, finally introduced in 2022.

What Exactly Is Bloktopia in the Metaverse ecosystem?

Bloktopia is a Metaverse ecosystem platform built in the shape of a 21-story building, where users can buy specific sections from the floorplan using the platform’s cryptocurrency token, BLOK.

According to Satoshi Nakamoto, there is a cap on Bitcoin of up to 21 million. Bitcoin mining is limited beyond that point by an algorithm in its source code, making it a scarce commodity with a real-world value. Bloktopia has limited real estate and just 21 floors or levels, making it desirable to investors and consumers interested in purchasing its money.

Bloktopia is a decentralized Ethereum scaling platform developers may use to create decentralized programs or dApps. It is powered by the Polygon Network, a significant blockchain consortium. Bloktopia, like all other Metaverse ecosystem platforms. It is essentially a collection of Polygon-based dApps built on Ethereum.

What Are the Main Characteristics of Bloktopia?

While the majority of Bloktopia’s capabilities are still in development, a few significant elements have already been released:

Reblok: In Bloktopia, Rebloks are virtual real estate purchases. These transactions enable everyone to own a piece of Bloktopia’s reality and invest in it in the future.

JOBE (Joint Owned Bloktopia Enterprise) — JOBEs are comparable to initial public offerings in that they allow a small number of early investors to participate in a Reblok. Every month, the platform hosts various JOBEs, with JOBE #37 and #38 now open to users. Each JOBE will consist of a particular number of lots on a floor and will be available for purchase for a set amount of cryptocurrency tokens. Users can also buy a portion of a JOBE, just like they can with any other cryptocurrency.

Staking pools: A staking pool allows numerous blockchain shareholders to pool their resources and raise the likelihood of an asset’s profitability. Users can join one of many staking pools offered by Bloktopia, which mature after 90, 180, or 360 days and allow players to split earnings earned.

BLOK – BLOK is the Metaverse ecosystem platform’s basic cryptocurrency token that powers all operations. One BLOK was worth around $0.019935 on February 14, making it one of the more cheap tokens on the market.

Land sale portal: The platform plans to establish a dedicated portal for VR land sales shortly. One can navigate the platform’s various levels, study floor plans, assess the pricing and profitability of multiple parcels, and invest. Real estate becomes more expensive as one ascends the floors, just like it does in the real world.

Blokpad: Blokpad is where new Bloktopia users, known as Bloktopians, can get started. Users can choose between two alternatives – VIP or Essential – and use this gateway to browse the environment fast.

What Can Bloktopia Users Do?

Users must first register a digital wallet linked to their email or social media account to access the Metaverse platform. The wallet stores Bloks earned or purchased information on digital assets like NFTs. It also serves as a passport when creating avatars, navigating stages, and playing games. 

Explore: All users will have access to level 1, including a help desk, a navigation area, and retail establishments.

Play games: While gaming is available throughout Bloktopia, the top floor, Level 21, is dedicated to gaming. There will be something for everyone from family-friendly activities to monetization-ready poker and gambling.

Attend events: There is an auditorium for immersive and interactive presentations on the platform. For attending sponsored events, users can receive Bloks as a reward.

Create their Reblok: Users can use the Bloktopia SDK or content from the Bloktopia marketplace to create their VR property.

People can sell or lease: Players can sell or rent their property to prospective customers for one-time events or long-term. A blockchain-based voting and decision-making mechanism is used to sell or lease shared property.

Buy: Users and businesses can purchase virtual ad space on Bloktopia, ADBLOCK.

Some of Bloktopia’s features are only available for investment purposes, and gaming and end-user experiences are still in the works.

Bloktopia is world’s leading decentralized Metaverse ecosystem