• Market Cap: $3,392,072,554,847.02
  • 24h Vol: $113,089,599,032.70
  • BTC Dominance: 61.70%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

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

Jon Hartney by Jon Hartney
July 27, 2022
in Bitcoin, Blockchain, Business, Market
0
What is Bloktopia (BLOK) and how does it work?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bloktopia is a Skyscraper made up of 21 levels that provides a VR experience for the community of Bloktopians.

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 articles

Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

June 18, 2025
Ethereum Price at Risk of Downside Break as Bears Test Key Support

Ethereum Price at Risk of Downside Break as Bears Test Key Support

June 18, 2025

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.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

by Jon Hartney
June 18, 2025
0

Tether acted swiftly Sunday when it froze $123 million worth of USDT on the Tron blockchain Based on reports from...

Ethereum Price at Risk of Downside Break as Bears Test Key Support

Ethereum Price at Risk of Downside Break as Bears Test Key Support

by Jon Hartney
June 18, 2025
0

Ethereum price failed to clear the $2,680 zone and declined ETH is now consolidating losses and remains at risk of...

Bitcoin downside risk lingers, upside hinges on holding above $102K

Bitcoin downside risk lingers, upside hinges on holding above $102K

by Jon Hartney
June 18, 2025
0

Bitfinex analysts say Bitcoin’s current market conditions signal the asset

Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally

Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally

by Jon Hartney
June 18, 2025
0

Recent on-chain data suggests that Bitcoin (BTC) whales may be preparing for a potential rally, as Binance BTC withdrawals have...

Meta Pool hit with $27M exploit, but attacker flees with only $132K

Meta Pool hit with $27M exploit, but attacker flees with only $132K

by Jon Hartney
June 18, 2025
0

Meta Pool says an early detection system discovered the exploit, allowing it

Load More
  • Trending
  • Comments
  • Latest
SUI Price Hits All-Time High – But Questions About Valuation Remain

SUI Price Hits All-Time High – But Questions About Valuation Remain

October 17, 2024
Solana Targets $160 Resistance As TVL Hits New Yearly Highs

Solana Targets $160 Resistance As TVL Hits New Yearly Highs

October 17, 2024
Bitcoin Price Holds Firm: Can It Power Toward New Gains?

Bitcoin Price Holds Firm: Can It Power Toward New Gains?

October 17, 2024
Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10

Dogecoin Holder Base Falls To 6-Month Low, But Analyst Believes DOGE Price Is Headed To $10

October 17, 2024
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity

June 18, 2025
Ethereum Price at Risk of Downside Break as Bears Test Key Support

Ethereum Price at Risk of Downside Break as Bears Test Key Support

June 18, 2025
Bitcoin downside risk lingers, upside hinges on holding above $102K

Bitcoin downside risk lingers, upside hinges on holding above $102K

June 18, 2025
Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally

Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally

June 18, 2025

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity June 18, 2025
  • Ethereum Price at Risk of Downside Break as Bears Test Key Support June 18, 2025
  • Bitcoin downside risk lingers, upside hinges on holding above $102K June 18, 2025
  • Bitcoin Whales Pull 4,500 BTC From Binance, Hinting At Incoming Rally June 18, 2025
  • Meta Pool hit with $27M exploit, but attacker flees with only $132K June 18, 2025

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$84,372.003.58%
  • ethereumEthereum(ETH)$1,885.365.68%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.186.84%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • binancecoinBNB(BNB)$617.995.03%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • solanaSolana(SOL)$128.974.23%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.1736117.78%
  • cardanoCardano(ADA)$0.687.61%
  • tronTRON(TRX)$0.2342340.79%
  • staked-etherLido Staked Ether(STETH)$1,884.065.48%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$84,309.003.84%
  • ToncoinToncoin(TON)$4.157.66%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • chainlinkChainlink(LINK)$14.027.76%
  • leo-tokenLEO Token(LEO)$9.211.17%
  • stellarStellar(XLM)$0.2743585.70%
  • avalanche-2Avalanche(AVAX)$19.647.71%
  • Wrapped stETHWrapped stETH(WSTETH)$2,256.395.40%
  • USDSUSDS(USDS)$1.00-0.01%
  • SuiSui(SUI)$2.429.03%
  • shiba-inuShiba Inu(SHIB)$0.0000137.71%
  • hedera-hashgraphHedera(HBAR)$0.17284810.00%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • polkadotPolkadot(DOT)$4.257.34%
  • litecoinLitecoin(LTC)$85.265.04%
  • bitcoin-cashBitcoin Cash(BCH)$314.248.23%
  • mantra-daoMANTRA(OM)$6.301.94%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Bitget TokenBitget Token(BGB)$4.664.95%
  • wethWETH(WETH)$1,884.285.66%
  • Ethena USDeEthena USDe(USDE)$1.00-0.04%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.18%
  • MurasakiMurasaki(MURA)$4.23-13.71%
  • Black PhoenixBlack Phoenix(BPX)$3.351,000.00%
  • Pi NetworkPi Network(PI)$0.714.53%
  • HyperliquidHyperliquid(HYPE)$13.729.80%
  • Wrapped eETHWrapped eETH(WEETH)$2,003.675.53%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$28.350.76%
  • moneroMonero(XMR)$217.841.31%
  • Zypto TokenZypto Token(ZYPTO)$0.037139-3.47%
  • uniswapUniswap(UNI)$6.217.66%
  • AptosAptos(APT)$5.395.79%
  • PepePepe(PEPE)$0.00000811.37%
  • daiDai(DAI)$1.00-0.01%
  • nearNEAR Protocol(NEAR)$2.635.26%
  • XT.comXT.com(XT)$3.08-1.65%
  • Layer One XLayer One X(L1X)$23.35454.66%
  • sUSDSsUSDS(SUSDS)$1.050.05%
  • okbOKB(OKB)$48.762.12%
  • gatechain-tokenGate(GT)$22.883.58%
  • crypto-com-chainCronos(CRO)$0.1015853.46%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$84,342.003.68%
  • MantleMantle(MNT)$0.814.44%
  • Tokenize XchangeTokenize Xchange(TKX)$33.460.86%
  • internet-computerInternet Computer(ICP)$5.517.85%
  • ethereum-classicEthereum Classic(ETC)$17.074.81%
  • OndoOndo(ONDO)$0.817.47%
  • First Digital USDFirst Digital USD(FDUSD)$1.00-0.12%
  • aaveAave(AAVE)$168.6110.19%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.170.30%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • Official TrumpOfficial Trump(TRUMP)$10.354.36%
  • vechainVeChain(VET)$0.0233636.04%
  • cosmosCosmos Hub(ATOM)$4.538.09%
  • fantomFantom(FTM)$0.70-1.56%
  • BittensorBittensor(TAO)$231.277.72%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • EthenaEthena(ENA)$0.3616194.37%
  • render-tokenRender(RENDER)$3.6710.91%
  • filecoinFilecoin(FIL)$2.927.72%
  • CelestiaCelestia(TIA)$3.181.75%
  • Black AgnusBlack Agnus(FTW)$0.000183423.46%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$84,465.004.02%
  • POL (ex-MATIC)POL (ex-MATIC)(POL)$0.2063993.13%
  • KaspaKaspa(KAS)$0.0682239.38%
  • STAUSTAU(STAU)$0.17397910.95%
  • FasttokenFasttoken(FTN)$4.020.01%
  • Sonic (prev. FTM)Sonic (prev. FTM)(S)$0.5212.98%
  • algorandAlgorand(ALGO)$0.1896979.65%
  • ORA CoinORA Coin(ORA)$4.885.92%
  • ArbitrumArbitrum(ARB)$0.3397526.22%
  • Arbitrum Bridged USDT (Arbitrum)Arbitrum Bridged USDT (Arbitrum)(USDT)$1.000.07%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • kucoin-sharesKuCoin(KCS)$11.231.19%
  • Solv Protocol SolvBTCSolv Protocol SolvBTC(SOLVBTC)$84,076.003.32%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.4856098.68%
  • optimismOptimism(OP)$0.776.43%
  • StoryStory(IP)$4.75-2.68%