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:
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:
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.
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
Q3 2021 cont’d
Source: https://www.cryptoknowmics.com/news/experience-virtual-reality-like-no-other-with-bloktopia/
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