Metaverse

Bloktopia is a metaverse on Polygon depicted as a 21-level skyscraper that acts as a one-stop platform for everything related to cryptocurrencies and non-fungible tokens (NFTs).

bloktopia-staking-blok.png

bloktopia-tokenomics.png

bloktopia-crypto-price.png

 has been around since the ‘90s? Well, it wasn’t until Facebook rebranded to Meta that the term grabbed people’s attention. It quickly rose to become a leading buzzword in the crypto community.

The metaverse allows humans to leverage the internet to go beyond the physical where they can explore and engage with others through virtual reality (VR). Possibilities in the metaverse are limitless. As a top narrative driven by the disruptive 

 on the metaverse has become a growing trend. Projects such as 

 have raked in millions by creating platforms where you can monetize virtual land.

In this write-up, we delve deeper into Bloktopia, which is another project that seeks to let you own virtual land, play games, advertise and do much more in a decentralized and futuristic environment.

Bloktopia is a metaverse depicted as a skyscraper containing 21 levels to pay homage to the 

, Bloktopia is a one-stop platform for everything related to cryptocurrencies and 

Think of Bloktopia as a shopping mall with virtual spaces to showcase a wide variety of crypto-related events and content.

By visiting the Bloktopia metaverse, you can immerse yourself in a virtual world loaded with opportunities to generate revenue, learn, play games, and bring out your creative side using

 or by showcasing your talents on your social content hub.

To enter this immersive reality, you’ll need to become a Bloktopian by owning the platform’s native token, BLOK, which unlocks the various levels. Currently, the most notable levels are 1, 6 and 21, which house a central hub, an auditorium and a luxury penthouse for gaming, respectively.

Co-founded in 2021 by Ross Tavakoli and Paddy Carroll, Bloktopia is developed on the Unity engine and has an innovative team working on using Bloktopia to bring NFTs to life and provide digital value to its users. Since Bloktopia is powered by the Polygon network, transactions on the platform are fast and affordable.

Anyone seeking a thrilling VR experience will love Bloktopia. Once you launch into this metaverse, you will be carried away by the 3D futuristic design of the Bloktopia metaverse.

You’ll get to engage and interact virtually with other metaverse enthusiasts in real time while having fun and generating revenue. Whether you are an NFT lover or an avid gamer, Bloktopia has something to interest you. The following are the things you can do in the Bloktopia virtual reality world:

Currently, the information about cryptocurrencies and blockchain is quite disjointed, with most people relying on 

 to stay informed about the industry. However, Bloktopia is creating a content hub where crypto enthusiasts can access crypto educational and learning tools in an open and friendly environment.

On level 6 of Bloktopia’s Skyscraper is the auditorium where immersive and interactive video presentations are done, including TED Talks by leading crypto players in the industry. It’s a central hub to access crypto information.

One of the key focuses of the Bloktopia project is to help people generate revenue in its metaverse. Its virtual land provides Bloktopians with multiple earning opportunities, both actively through NFT-based land ownership and passively through staking and advertisement.

As a Bloktopia token holder, you can generate revenue through the following multiple passive and active income streams:

 options available on Bloktopia. You can lock your BLOK tokens on Bloktopia’s staking platform to generate rewards at an annualized percentage yield (

) of between 20% and 60% within periods of 90 to 360 days.

Bloktopia has various staking pools (22 as of Feb 27, 2022) with varying maturity dates – 11 have already matured. You can view the available staking pools using the staking dashboard on Bloktopia’s website. You’ll need to connect to your 

You can also stake your BLOK tokens on Bloktopia’s Jointly Owned Blok Enterprises (

) to co-own two types of Bloktopia NFT with other people; REBLOK and ADBLOCK. Through JOBEs, you’ll also 

 from the 10% annual rental income generated from REBLOK (you’ll need to lock your tokens for a minimum of 15 days to earn the rewards).

REBLOK are real estate NFTs. There are two types of REBLOK ownership. Sole ownership means that you are the sole owner of the virtual real estate space and can develop it however you want. Multiple ownership allows you to become a virtual landlord alongside 99 others in Bloktopia’s Shopping Mall area, and guarantees you an annual rental income of at least 10% of the purchase price of the store. 

Bloktopia plans to sell REBLOK in phases. Its Phase 1 focuses on multiple ownership REBLOK NFTs where premium brands own portions of virtual stores available on the platform. Some known tenants that already occupy REBLOK NFT land on Bloktopia include blockchains like 

, and crypto influencers such as Jake Paul and Bitboy.

The second type of NFT on Bloktopia is ADBLOK. Inside Bloktopia, advertisers can own advertising space and display ads at a fee on totems located in five areas on each floor. 

Bloktopia has partnered with leading media partner 

 to facilitate ad tokens which can be videos or static imagery.

By holding Bloktopia’s ADBLOK NFTs, you can earn from the advertising revenue generated, which depends on the number of daily active users (DAU). Some of the global brands that Bloktopia is targeting to display ads are Amazon, Samsung and Loreal, among many others.

 (IDO) launchpad and incubation platform known as Blokpad targeting elite projects. You can stake your BLOK tokens to participate in the various tiers available for IDOs.

You can also venture into the Bloktopia metaverse to relax, have fun and network with fellow crypto enthusiasts in a truly immersive virtual environment.

Bloktopia also allows you to tap deep into your creativity. You can create an avatar that resembles you, or even furnish your space with your choice of interior design if you own a REBLOK NFT. You can also create a social hub to gain followers or entertain friends and play multiplayer games.

BLOK is the native utility token for Bloktopia. It’s the currency that powers Bloktopia’s metaverse. It’s used to:

 that it had burned 376.78 million BLOK tokens from its total supply of 200 billion tokens. Further, the 44 billion tokens allocated to the founders and the team would be unlocked over a period of one year, starting from October 2022, in an effort to show their commitment to the long-term growth of the project. Finally, Bloktopia will burn all the BLOK tokens generated from REBLOK sales to help reduce its circulating supply and improve its price in the long run.

BLOK token was launched in October 2021 at $0.0116. Upon entry into the market, BLOK pumped by over 1,172% within three weeks to hit its highest price of $0.178 on the last day of October 2021. BLOK’s price rally was fueled by favorable market conditions at the time, especially for NFT projects.

Over the next two weeks after the massive rally, Bloktopia’s price corrected to a low of $0.069 on Nov 13, 2021. Soon after, BLOK’s price surged again, forming a 

 by almost retesting its former all-time high on Nov 30, 2021.

As with most tokens, 2022 was a bad year for BLOK where its price gradually declined due to the persistent 

. BLOK hit its lowest price of $0.0017 on Dec 31, 2022, but has recovered slightly in the first few weeks of 2023.

Price prediction experts believe BLOK will experience slow growth over the next few years. 

 believe that BLOK will hit a maximum price of $0.012 in 2025 and could cross the $0.10 mark by 2031. 

 are less optimistic about BLOK’s future price in the long term, expecting BLOK to only reach $0.05 in 2031.

So far, Bloktopia has attracted huge brands to invest in its metaverse by owning a piece of its virtual real estate. The world continues to shift to virtual reality interactions, and the metaverse is proving an excellent environment to achieve this.

Further, the demand for digital ownership through NFTs is expected to grow tremendously, and Bloktopia’s NFT-based project can reap big from this growth.

As a project, the team behind Bloktopia has continued to build despite the sluggish market conditions. As part of its roadmap, Bloktopia hopes to launch a Bloktopia wallet and is also working on a DAO-based governance model to allow its NFT holders to vote on the platform’s decisions.

Given the project’s momentum, buying and staking BLOK is a worthy investment since the project’s future seems promising. That said, the crypto market is highly volatile, and we highly recommend that you do your own research before investing in BLOK or any other cryptocurrencies.

The metaverse concept will remain a buzzword around the globe, especially in the niche of virtual real estate ownership where people can generate revenue, network, play games and have fun in an immersive environment.

As such, Bloktopia has vast potential and may provide investors with good returns in the future. Its NFT-based approach to virtual land ownership is relevant to crypto market demand since it’s decentralized and secure.

Bloktopia already has major brands as its anchor clients and its BLOK token has existing utility on the platform. As mentioned, only three of the 21 levels can be explored for now. Bloktopia could grow significantly as people continue to immerse and populate the other levels in this futuristic Skyscraper in the metaverse.

What Is Bloktopia (BLOK): 21 Levels of Metaverse Fun

Get your daily dose of crypto and trading info