Four Major Scenarios to Understand the Virtual Reality Metaverse Project Bloktopia

"Metaverse" is undoubtedly the hottest concept of 2021, with Facebook founder Mark Zuckerberg ambitiously stating that the transformation to the Metaverse will be completed within five years.

For many who are not yet familiar with the "Metaverse," let's start with a simple explanation: The term Metaverse is composed of "Meta" and "Verse," where Meta means transcending and Verse represents Universe. The Metaverse, where immersion and engagement reach their peak, is considered the "ultimate form" of the internet.

Especially in the past two years, as the COVID-19 pandemic has led to increasing lockdowns around the world and a significant rise in the number of people working from home, internet-based interactions have become the norm across various industries, driving substantial growth and new adoption of the Metaverse concept. One of the most noteworthy projects is Bloktopia, which has just completed a $4.2 million funding round.

1. What is Bloktopia?

Bloktopia is a virtual reality Metaverse project built and supported on the Polygon blockchain. The project utilizes the world's most advanced 3D creation engine to construct a 21-story skyscraper in the virtual reality world, significantly enhancing the user experience. People can experience immersive content on different floors, such as communication, buying and selling real estate, and earning advertising revenue. The choice of the number "21" is significant, aiming to commemorate "21 million BTC."

Polygon is currently the most active Layer 2 Ethereum scaling solution in the market, offering advantages such as high-speed, low-cost transactions, and EVM network compatibility. Therefore, the Bloktopia team decided to build on this network.

From the architectural design of the "skyscraper," it is evident that Bloktopia aims to create an ultimate virtual reality hub and "crypto home," focusing users in an immersive and engaging environment. For the first time ever, users can access crypto information and immersive content in one place, obtaining blockchain educational resources at different levels, virtual offices, games, and anything else imagined through virtual reality.

In the Bloktopia Metaverse, users are referred to as "Blocktopians" (as shown in the image below). They can be holders of the project's native token, BLOK, or community participants.

When logging into the Bloktopia wallet for the first time, users need to set their ID name and create a personalized avatar, including appearance, clothing, and body shape. Bloktopia offers various customization services to help you find the look that suits you best (all avatar items can be purchased through the Bloktopia marketplace, allowing users to continuously enhance and update their avatars). After completing the avatar setup and naming, users receive a "Bloktopia Passport"—a pass to enter the Bloktopia Metaverse skyscraper.

Next, users can officially settle into the Bloktopia skyscraper!

Each floor of the Bloktopia skyscraper has different content, with the three most important floors being the first floor, the sixth floor, and the top twenty-first floor:

1) The first floor of the Bloktopia skyscraper has the highest foot traffic and serves as the entry point for every visitor. It contains valuable information (such as cryptocurrency pricing) and resources (like help desks, navigation, and an overview of daily events). The first floor also includes high-quality and valuable virtual real estate.

2) The sixth floor of the Bloktopia skyscraper is an auditorium where some of the most important figures in the crypto space give immersive and interactive keynote speeches. Users can also participate in activities on this floor and earn BLOK rewards.

3) The twenty-first floor of the Bloktopia skyscraper is a luxurious penthouse area designated for gaming scenarios, creating an exciting competitive atmosphere where players can compete in multiplayer games to win BLOK rewards.

2. Four Unique Scenarios that Make Bloktopia Stand Out

In Bloktopia, users have the opportunity to experience more than just gaming. Unlike accessing the Metaverse through traditional electronic devices like smartphones or laptops, Blocktopians can enjoy a richer experience provided by virtual reality, primarily including: education, earning, gaming, and content creation.

1. Education (LEARN)

For many participants, crypto can be a challenging industry that requires in-depth understanding and knowledge in various fields. Bloktopia promotes "self-education in the crypto world" and establishes connections with various platforms such as YouTube, Telegram, and Twitter, becoming an open center for users to learn more about the crypto industry.

Moreover, in the Bloktopia Metaverse, remote sessions can transform into interactive, virtual "hands-on experiences." Colleagues can "meet" in virtual conference rooms (or offices) in the Bloktopia skyscraper without needing to connect via Zoom calls. Imagine not looking at a screen filled with "faces," but walking into a venue and encountering Vitalik Buterin or other industry leaders in the hall, which may even feel more real than you expect.

2. Earning (EARN)

Bloktopia will become a place that provides users with opportunities to earn money. All users (i.e., Blocktopians) can purchase virtual real estate (Reblok) in the Metaverse and profit from staking, advertising (ADBLOCK), and other passive income sources. Users can trade and lease virtual real estate, which will "stimulate" speculation on virtual real estate, allowing them to resell for profit or rent out for passive income.

Additionally, when some partners advertise within Bloktopia, BLOK token holders can also receive a portion of the advertising revenue.

1) Regarding virtual real estate, BLOK token holders can purchase REBLOK through an NFT mechanism after the IDO. They can buy independently or in partnership:

Independently owned virtual real estate is represented by a single NFT, while jointly owned virtual real estate will have multiple NFTs. NFT owners can sell developed or undeveloped REBLOK on the Bloktopia marketplace or lease it to third parties needing space in this virtual world.

2) In terms of advertising, the ADBLOCK in the Bloktopia Metaverse has 21 large totems (i.e., advertising spots) and 84 small totems, serving as another revenue engine (50% of advertising revenue will be allocated to ADBLOCK owners).

Bloktopia leverages its high traffic and engagement to provide rentable advertising space, gaining significant exposure and visibility for its advertising partners. Advertising pricing depends on the totem's location. For example, the first floor of the Bloktopia skyscraper will have more users than other floors, so the cost of owning an ADBLOCK on the first floor will be more expensive than on less active floors.

3. Gaming (PLAY)

Gaming is an important part of the user experience. Through the Bloktopia virtual reality Metaverse, users can truly immerse themselves in a first-person perspective to play games, entertain friends, and build networks. The top floor will invite players to participate in games and compete for BLOK token rewards. Currently, supported game categories include multiplayer games, family games, poker, and more.

4. Content Creation (CREAT)

Bloktopia users will have access to builder tools to create their own scenes, artworks, and challenge events that can earn token rewards. For more experienced creators, the software development kit will also support the creation of social games and applications.

3. Bloktopia's Token Economy

The native token of Bloktopia is BLOK, with a total supply of 20 billion tokens and an initial circulating supply of 2 billion tokens, with an initial market value of $500,000. Of course, even if you do not hold BLOK, you can still access Bloktopia for free, but the more BLOK you hold, the more exclusive privileges you can obtain.

According to the latest news, Bloktopia will raise $700,000 through IDO financing on October 5th and 6th. The IDO will take place on Seedify, Red Kite, OxBull, and TrustPad. The BLOK token will be sold to users during the IDO, allowing them to purchase virtual real estate in the Bloktopia skyscraper based on the NFT mechanism (the BLOK tokens used for initial purchases of virtual real estate and advertising space will ultimately be burned). "Owners" can use BLOK tokens to trade, lease, or sell virtual real estate.

Bloktopia is committed to community governance. NFT holders of virtual real estate will become members of the governance committee, with each NFT voting through DAO, submitting proposals to the DAO, and proposals that receive a majority vote will be executed. Sponsorship and advertising will play a key role in generating BLOK token revenue, and staking BLOK tokens can also yield very attractive annualized returns.

In terms of token distribution:

4. Conclusion

Frankly speaking, 2021 can be called the "Year of the Metaverse," especially with the further development of technologies like virtual reality and NFTs, the market scale is bound to grow rapidly. According to data from global research firm Strategy Analytics, the Metaverse market size is expected to reach $280 billion by 2025.

Against this backdrop, it is no surprise that the virtual reality Metaverse project Bloktopia has garnered investor interest. The latest private funding round includes top venture capital firms in the industry, with the lead investor being crypto game developer Animoca Brands, and participants including Anti Fund, Polygon, Bitboy, Wendy-O, X21, GenBlock, AU21, Avalanche, Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital, and Magnus Capital.

As we enter the post-pandemic era, more and more scenarios and use cases from the physical world will be completed online. As people invest more time and energy in the virtual world, user habits will gradually become "online," leading to profound changes in production and lifestyle. The recognition of the value of the virtual world will continue to strengthen, laying the groundwork for the explosion of the Metaverse from both technological and cultural perspectives.

The Metaverse serves as a bridge between the physical and virtual worlds, and with the support of crypto protocols that have digital economic value, the future of the Metaverse undoubtedly holds grander imaginative possibilities.