Experience Virtual Reality like no other with Bloktopia

Time Stamp: November 2, 2021 11:53 AM
Source Node: 1102758

2021 has been quite the year for cryptocurrencies and blockchain technology. There has been a momentous growth that has lasted up till this very moment as I write and this growth is heavily spurred by the entrance of the “big boys” in the industry. Institutional investors are now seeing the store of value in buying Bitcoin and they’ve been aggressively buying the asset class. An excellent example of this is Michael Saylor’s MicroStrategy buying Bitcoin at every chance that presents itself. 

Global adoption has also been accelerated by the spike in the prices of Bitcoin and other cryptocurrencies and now there are other niches in the industry coming to life. Non-Fungible Tokens (NFTs) and Metaverse are now almost entire industries on their own. That is how large and fast both sectors are growing. Global research company Strategy Analytics has even projected that the global Metaverse market will reach a $280 billion valuation by 2025. 

This just shows you how much potential the NFTs and Metaverses hold. Speaking of Metaverses, a project that is already living up to its potential is Bloktopia and I’ll be talking about them in this article. 

What is Bloktopia? 

Designed to commemorate the 21 million Bitcoins in existence, Bloktopia is a Virtual Reality (VR) skyscraper that is made up of 21 floors. This is a tokenized and decentralised virtual world that is powered by the Polygon Network and is providing a virtual reality experience that has never been seen before by the crypto community. 

This skyscraper is a central hub where everyone involved in the Crypto space at various levels and know-how can have access to crypto content and information in an immersive environment all in one place. 

With Bloktopia, users can:

  • Learn how to manoeuvre their way around the world of Cryptocurrencies. Bloktopia is positioning itself as a central hub for information where users can learn in an open and friendly environment. 

  • Play games, network and entertain themselves through Bloktopia’s immersive, first-person virtual reality world. 

  • Generate revenue using the different streams of income on Bloktopia. Users can buy real estate on Bloktopia, staking the native token, earning passively or earning by running advertisements on the platform. 

  • Users can be creative with Bloktopia. By using builder tools, they can create artworks, challenges and more and then participate in events to be eligible to win prizes. More experienced creators can use the Bloktopia Software Development Kit (SDK) to design and create interesting applications and games. 

    • Real estate within Bloktopia is known as REBLOK and users can purchase this with the BLOK token on the Bloktopia Marketplace. There are two types of REBLOK ownership:

  • Sole Ownership — Here, a BLOK real estate is represented and owned through one NFT

  • Joint Ownership — Here, a BLOK real estate is represented and owned using multiple NFTs 

    • Advertising within Bloktopia is known as ADBLOK and this will play a major role in the revenue generation on the platform. To own and ADBLOK, there are 21 large totems and 84 small totems which are available to advertise on in Bloktopia. Users will be able to purchase 50% of that space that will be available using the NFT mechanism. 

    Token Utility

    $BLOK is the native utility token and the currency for transactions in the Bloktopia Metaverse. Everyone who holds these tokens will be known as a Bloktopian and holders with larger holdings will get exclusive privileges. 

  • Bloktopia Marketplace — The Bloktopia Marketplace is the go-to place for purchasing Real Estate, customising their avatars and purchasing NFTs that allows a player to personalize their Bloktopia reality. 

  • Staking BLOK — Users can stake their BLOK tokens to earn attractive APY’s, and these tokens are in turn used to run the ecosystem.

  • Access to BLOK-Bit — BLOK-BIT is an Investment Tank on Bloktopia which will showcase exclusive projects that are looking at raising funds. Holders of the BLOK token will be eligible to invest in projects after hearing their pitch. 

  • Real Estate — Owners of real estate on Bloktopia will be able to customize their space and then monetize it by licensing, renting or selling their spaces. Any of such transactions will be carried out using BLOK tokens. 

  • Governance — Holders of the REBLOK NFTs will be members of the governance council on Bloktopia. Proposals will be made via a DAO and holders will vote for or against. 

    • Tokenomics

    Token Name — BLOK 

    Token Supply — 200,000,000,000 

    Initial Circulating Supply — 2,040,000,000

    Initial Market Cap — $510,000

    Allocation and Vesting Schedule 

  • Early Adopters (3.29%) — 5% at listing, 10% distribution in months 2, 3, 4 & 5. 15% distribution in months 6 and 7, and 25% distribution in month 8.

  • Seed Round (4%) — 5% at listing, 10% distribution in months 2, 3, 4 & 5. 15% distribution in months 6 and 7 & 25% distribution month 8. 

  • Private Round 1 (4.15%) — 5% at listing, 10% distribution in months 2, 3, 4 & 5. 15% distribution in months 6 and 7 & 25% distribution month 8.

  • Private Round 2 (6.16%) — 5% at listing, 10% distribution in months 2, 3, 4 & 5. 15% distribution in months 6 and 7 & 25% distribution month 8.

  • Public sale (1.4%) — 10% at the listing, 20% distribution in months 2, 3 & 4 and 30% distribution in month 5. 

  • Advisors (7%) — Unlocked in month 12, linearly released in 12 months. 

  • Team (15%) — Unlocked in month 12, linearly released in 12 months. 

  • Treasury (33%) — Unlocked as needed

  • Staking (25%) — Rewards are given from launch

  • Exchange Liquidity (1%) — 100% at TGE

  • Bloktopia Idea & Feasibility 

  • Validation 

  • Team Building

  • Configuration & Design of Bloktopia

  • Lightpaper Finalised 

  • REBLOK & ADBLOK NFT Design

  • Early Adopter Rounds Opens

  • Token Minting

  • Token Security Audit

  • Real Estate NFT Minting

  • NFT Marketplace Launch

  • Staking Launch

    • Q3 2021 cont’d 

  • Infrastructure Development

  • Front End Development

  • 1ST NFT Real Estate Sale

  • 2ND NFT Real Estate Sale

  • 3D and Environment Planning 

  • Wireframing

  • Infrastructure Development

  • Front End Development

    • Source: https://www.cryptoknowmics.com/news/experience-virtual-reality-like-no-other-with-bloktopia/

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