Four scenarios to understand the virtual reality metaverse project Bloktopia
Bloktopia wants to create the ultimate virtual reality center and “smart home.”
Author: Hu Tao
The “metaverse” metaverse is undoubtedly the most popular concept in 2021, and social media giant Facebook founder Mark Zuckerberg has also ambitiously stated that the metaverse transformation will be completed within five years.
For many people who don't know much about the “metaverse metaverse,” let's first give a simple explanation: the term metaverse consists of Meta and Verse. Meta means transcendence, Verse represents the cosmic universe, and the metaverse, which has reached its peak level of immersion and participation, is considered the “ultimate form” of the internet.
Especially in the last two years, as the COVID-19 pandemic has caused more and more “city closures” in countries around the world, and the number of people working from home has increased significantly. Internet-based interaction has become the norm in all walks of life, and has also driven huge growth and new adoption of the metaverse concept. One of the most notable projects is Bloktopia, which has just completed $4.2 million in financing.
What is Bloktopia?
Bloktopia is based onPolygonA virtual reality metaverse project built and supported by blockchain. The project used the world's most advanced 3D creation engine to build a 21-story skyscraper in a virtual reality world. The visualization effects greatly improved the user experience. People can experience immersive content on different floors, such as communicating, buying and selling real estate, and earning advertising revenue — Bloktopia chose the number “21 million BTC”.
Polygon is the most active Layer 2 Ethereum scaling solution on the market today, with advantages such as high speed, low cost transactions, and EVM network compatibility, so the Bloktopia team decided to build on this network.
As can be seen from the architectural design of the “skyscraper,” Bloktopia hopes to create an ultimate virtual reality center and “crypto house”, focusing users in an immersive and engaging environment — for the first time ever, users can access encrypted information and immersive content in one place, and access different levels of blockchain education resources, virtual offices, games, and anything else imagined through virtual reality experiences.
In the Bloktopia metaverse, users are called “Blocktopians” (as shown in the image below), and they can be holders of the project's native token BLOK or community participants.
When logging in to the Bloktopia wallet for the first time, users need to set their own ID name and create a personalized image, such as appearance, clothing, body, etc. Bloktopia provides a variety of customization services to help you find the look that best suits your feelings (all image items can be purchased through the Bloktopia marketplace, so users can continuously beautify and update their self-image). Once you've set up your image and named it, you'll get the “Bloktopia Passport” — a pass to the skyscrapers of the Bloktopia metaverse.
Next, users can officially enter the Bloktopia skyscraper!
Each floor of the Bloktopia skyscraper has a different content. Currently, the three most important floors are the first floor, the sixth floor, and the 21st floor at the top:
The first floor of the Bloktopia skyscraper has the highest traffic and is the entry point for every visitor to the building. It contains lots of valuable information (such as cryptocurrency pricing) and resources (such as a help desk, navigation, and an overview agenda of the day's events). The first floor also includes high-quality and high-value virtual real estate.
The sixth floor of the Bloktopia skyscraper is an auditorium where some of the most important people in the crypto space give immersive and interactive keynotes, and users can also attend events on this floor and receive BLOK rewards.
The 21st floor of the Bloktopia skyscraper is a luxury penthouse area used only for the game scene, which already creates an exciting competitive atmosphere where players compete in multiplayer games to win BLOK rewards.
Four major scenarios make the Bloktopia metaverse unique
In Bloktopia, users have the opportunity to experience more than just playing games. Unlike using traditional electronic devices such as mobile phones or laptops to access the metaverse, Bloktopians uses virtual reality to provide richer scenarios, mainly including learning and education, making money, games, and content creation.
LEARNING EDUCATION (LEARN)
For many participants, crypto can be a challenging industry, requiring a deep understanding and knowledge base in many areas. Under the slogan “Educate yourself in the crypto world,” Bloktopia is linked to various platforms such as Youtube, Telegram, and Twitter to become an open center for users to learn more about the crypto industry.
Furthermore, with Bloktopia's metaverse, remote sessions can be turned into interactive, virtual “hands-on experiences,” where colleagues can “meet” in the virtual conference room (or office) of the Bloktopia skyscraper without connecting to a Zoom phone. Imagine that instead of looking at a “face” in front of a screen, you walk into a venue and meet Vitalik Buterin or another industry giant in the lobby, which may even be more realistic than you think.
Earn Profit (EARN)
Bloktopia will be a place where users can earn money. All users (also known as Bloktopians) can buy virtual real estate (Reblok) in the metaverse world and profit from staking, advertising (ADBLOCK), and other passive income. Users can trade and rent virtual real estate, which “stimulates” them to speculate on virtual real estate and then resell it for profit or rent it out for passive income.
Additionally, when some partners run ads within Bloktopia, Bloktopia token holders can also receive a portion of advertising costs.
1) In terms of virtual real estate, BLOK token holders can buy REBLOK through the NFT mechanism after the IDO. They can buy independently or in partnership:
Individually owned virtual real estate is represented by a single NFT, while virtual real estate owned by multiple people will own multiple NFTs. NFT owners can sell developed or undeveloped REBLOK on the Bloktopia marketplace or rent it out to third parties that need this virtual world space.
2) In terms of advertising, ADBLOCK in the Bloktopia metaverse has 21 large totems (that is, ad slots) and 84 small totems, which is another revenue generating engine (50% of advertising revenue will be distributed to ADBLOCK owners).
Bloktopia uses its high traffic and engagement to provide rentable advertising space, gaining huge exposure and popularity among its advertising partners, and ad pricing depends on totem location. For example, the first floor of the Bloktopia skyscraper definitely has more users than other floors, so the cost for users to own an ADBLOCK on the first floor is definitely more expensive than on other inactive floors.
GAME (PLAY)
Gaming is an important part of the user experience. Through the Bloktopia virtual reality metaverse, users can play games, entertain friends, and network from a truly immersive first-person perspective. The top tier will invite player users to participate in the game and compete for BLOK token rewards. Currently, supported game categories include multiplayer games, parent-child games, poker, etc.
Content Creation (CREAT)
Bloktopia users get builder tools to create their own scenes, artwork, and challenge events that can be rewarded with tokens. For more experienced creators, the SDKs can also support building social games and apps.
Bloktopia's token economy
Bloktopia's native token is BLOK, with a total supply of 200 billion, an initial circulation supply of 2 billion, and an initial market value of $500,000. Of course, you can access Bloktopia for free even if you don't have a BLOK, but the more BLOKs you have, you'll get more exclusive privileges.
According to the latest news, Bloktopia will raise $700,000 through IDOs on October 5 and 6, and IDOs will take place on Seedify, Red Kite, OxBull, and TrustPad. The BLOK token will be sold to users during the IDO and allow them to buy virtual real estate for the Bloktopia skyscraper based on the NFT-based mechanism (the BLOK token that initially purchased virtual real estate and advertising space will eventually be destroyed), and the “owners” can use the BLOK token to trade, rent, or sell virtual real estate.
Bloktopia is committed to community governance. Virtual real estate NFT holders will be members of the governance committee. Each NFT will vote through the DAO, submit a proposal to the DAO, and then the proposal that receives a majority vote will be executed. Sponsorships and advertising will play a key role in generating revenue from BLOK tokens, and staking BLOK tokens can also earn very attractive annualized returns.
In terms of token distribution
summed
Frankly speaking, 2021 can be called the “first year of the metaverse,” especially as technologies such as virtual reality and NFTs are further developed, and the market size is bound to grow rapidly. According to data provided by global research firm Strategy Analytics, the metaverse market is expected to reach $280 billion by 2025.
Based on this background, it's no surprise that the virtual reality metaverse project Bloktopia is favored by investors. There is no shortage of top venture capital firms in the industry in the latest private equity round. For example, the lead investors are crypto game developersAnimoca BrandsParticipants include Anti Fund, Polygon, Bitboy, Wendy-O, X21, GenBlock, AU21, Avalanche, Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital, and Magnus Capital.
With the advent of the post-pandemic era, more and more scenarios and use cases in the physical world will be completed online. As people's time and energy investment in the virtual world continues to increase, user habits will gradually become “online”, production lifestyles will subtly change profoundly, and value recognition of the virtual world will continue to increase, paving the way for the explosion of the metaverse from a technical and cultural level.
The metaverse is a bridge between the physical world and the virtual world. With the support of cryptographic protocols with digital economic value, the metaverse will undoubtedly have more room for imagination in the future.
