The concept of the metaverse is cooling down. Can Bloktopia go against the trend?

Author: Leo, Independent Crypto Analyst

On October 28, 2021, Zuckerberg announced that Facebook officially changed its name to Meta, marking the gradual emergence of the concept of the Metaverse into the public eye. The Metaverse presents a possibility for future technological development: an organic combination of the physical and virtual worlds, where everyone can represent themselves in the virtual world and engage in all social and other activities.

Although the entire crypto market is currently cooling down, and the performance of the Metaverse sector is not particularly impressive, investment and financing events related to the Metaverse are quietly occurring in the primary market. According to the report "Value Creation in the Metaverse" released by McKinsey, global interest in the Metaverse has surged, with Web3 investment news and new NFT product lines emerging almost weekly. By the end of the first half of the year, over $120 billion had been invested in the Metaverse, more than double the $57 billion investment in 2021. "Leaders have seen that blockchain has ignited a decentralized creator economy and has become the most promising technology today."

The Ambitious Metaverse Tower Rises:

Bloktopia is a decentralized Metaverse project built on Polygon. It is a virtual reality skyscraper consisting of 21 floors (in honor of the 21 million Bitcoins), where users can access crypto information and virtual reality content.

Real-world businesses can develop virtual land into virtual real estate, creating value through advertising and interactive activities.

Users can learn about crypto basics and technologies, earning income through owning virtual real estate, playing games, and networking.

Advertisers and sponsors can earn revenue from the platform's user base through a dedicated NFT mechanism.

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:

First Floor: This is the entry point for every visitor to Bloktopia and the place with the highest traffic, containing valuable information (such as cryptocurrency pricing) and resources (such as help desks, navigation, and an overview agenda of daily events). The first floor also includes high-quality and high-value virtual real estate.

Sixth Floor: This is an auditorium where some of the most important figures in the crypto field give immersive and interactive keynote speeches. Users can also participate in activities on this floor and earn BLOK rewards.

Twenty-First Floor: A luxurious penthouse area solely for gaming scenarios, where an exciting competitive atmosphere has been created, and players can win BLOK rewards by participating in multiplayer game competitions.

Despite the increasingly challenging market environment, Bloktopia continues to progress steadily according to its roadmap. We can see that two phases of land sales have already been completed, and they are collaborating with Ready Player Me for virtual avatars, promising more ways for users to express themselves in the future.

Multidimensional Interactive Scenarios, Grand Virtual Reality World

1. Knowledge Learning:

Unlike many other Metaverse projects, Bloktopia provides a place to learn about crypto knowledge. The blockchain industry itself has a certain knowledge threshold; creating on-chain wallets, interaction norms, and asset security protection can be difficult and challenging for many beginners. Bloktopia offers a learning space for crypto knowledge and has established connections with various social media platforms such as YouTube, Telegram, and Twitter, striving to create an open-source information center for the crypto industry.

Bloktopia not only provides open-source learning scenarios but also offers interactive scenarios for people to engage with each other. People can hold virtual reality online meetings without relying on centralized platforms like Zoom, Google Meet, or Tencent Meeting, ensuring information privacy while expanding the diversity of multi-person interactions.

2. Earning Tokens:

In Bloktopia, all users can purchase virtual real estate (Reblok) in this open Metaverse world and profit from staking, advertising (ADBLOCK), and other passive income sources. Users can trade and lease virtual real estate, engaging in speculative activities similar to real estate in the physical world.

Virtual real estate (Reblok) in Bloktopia allows for independent or group purchases of NFT properties, which can then be rented or resold to those in need of such virtual properties.

Advertising (ADBLOCK) in Bloktopia includes 21 large advertising spaces and 84 small advertising spaces. Through renting out these advertising spaces, 50% of the income will be distributed to ADBLOCK owners.

3. Gaming:

Gaming is the core sector that attracts users the most in the Metaverse. Users can explore VR games, and the official team will host competitive gaming events on the 21st floor to incentivize player participation and reward them with tokens.

4. Content Creation:

Users can build their own virtual worlds and virtual artworks using the content creation tools provided by Bloktopia. The official team will also incentivize user participation through competitions. For technical creators, Bloktopia offers various development tools to support developers in building games and virtual applications.

Today, more and more blockchain projects are choosing Bloktopia as their primary option for establishing virtual offices or even virtual headquarters: well-known projects such as Binance NFT, Solana, Kucoin, Avax, Elrond, Coinmarketcap, and Cointelegraph have all joined. Additionally, projects like DEXTools, Metahero, Revomon, and Travala have also announced their entry into the Metaverse ecosystem, with new projects being announced almost every few days.

Top Institutions Show Interest, Positioning for the Next Metaverse Boom
Bloktopia completed a $4.2 million private placement round in September 2021, led by Animoca Brands, with participation from Anti Fund, Polygon, Bitboy, Wendy-O, X21, GenBlock, AU21, Avalanche, Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital, and Magnus Capital. Furthermore, Bloktopia raised $700,000 through IDO financing on Seedify, Red Kite, OxBull, and TrustPad.

With the rapid development of virtual reality and blockchain technology, it is foreseeable that the Metaverse era will arrive in the near future, and the market size will experience geometric growth. What sets Bloktopia apart from The Sandbox and Decentraland is that it not only focuses on the value extraction of land resources but also aims to provide everyone with a virtual world that goes beyond just games and land, creating a true Metaverse.

Bloktopia is backed by top investment institutions such as Animoca Brands, Polygon, Avalanche, Shima Capital, and Kucoin Labs, as well as top projects like Coinmarketcap, Avax, Elrond, Travala, Cointelegraph, Binance, and Chainlink. Its resource background is undeniably strong, reflecting the recognition of various crypto giants for Bloktopia. We believe it can leverage these powerful resources to seize the next Metaverse opportunity.