Blockchain gaming and everything to do with it is in the spotlight. The metaverse just got a big boost because Mark Zuckerberg is going for it with the new Facebook parent company Meta. Various projects are therefore underway with the blockchain gaming concept and the associated technology. New games are added regularly, but not every game manages to generate a lot of attention. The Bloktopia project who has managed to achieve this. A 21-storey digital skyscraper.
High time to put Bloktopia and the BLOK token under the magnifying glass in this blog. I am going to explain to you what exactly Bloktopia is and how it works. I’m also going to take a behind-the-scenes look at the team on this project and take a closer look at the BLOK course. Furthermore, I will also tell you where to buy the BLOK token.
Please note: please note that the text below about ‘Bloktopia (BLOK)’ as well as the explanation thereof may in no way be construed as advice. The choice for whether and in what way you want to trade (crypto) and which choices you make in terms of investment is up to you and you alone. We are not financial advisors.
Here you can first watch a 3 minute video showing how BLOK works and what you can do with it. And then it’s only about the first floor or the ground floor.
- 1 What is Bloktopia?
- 2 How does Bloktopia work?
- 3 What is REBLOK
- 4 What is JOBE?
- 5 What is ADBLOK?
- 6 Strike on Bloktopia
- 7 Who is on the Bloktopia team?
- 8 What is the BLOCK token?
- 9 What is the price of the BLOK token?
- 10 Where can you buy the BLOK token?
- 11 What is the best way to store the BLOK token?
- 12 Conclusion
What is Bloktopia?
Bloktopia is a 21-storey Virtual Reality (VR) skyscraper, as a tribute to Bitcoin . It is a VR metaverse and aims to become an edutainment hub for all things crypto. Think of it as a decentralized hub for cryptocurrencies, VR, AR (Augmented Reality) and blockchain technology. The doors are open to future independent entrepreneurs, gamers, investors and developers. Augmented Reality is when, in an interactive way, objects from our daily life are enhanced by computer generated perceptual information.
The Bloktopia Metaverse consists of Bloks real estate, called REBLOK, which can be purchased and managed by the Blok token holders. It runs on the Polygon network and is built on Unity, a cross-platform game engine by the founders of Sony Playstation VR. Everyone is welcome at Bloktopia. You can earn money , learn at basic or advanced level, play games, build networks and much more . There really are a thousand and one things to do in this digital skyscraper.
You can compare this skyscraper to a digital shopping center where you can walk around with AR or VR glasses. A bit in the same way as you can see in the video at the beginning of this blog. Different types of shops are right next to other activities and businesses located there. The KuCoin CEX just opened a meta office there.
An image of the KuCoin meta office.
Besides KuCoin, there are more crypto-related projects that have a store there or are represented in some other way. Influencers and YouTubers like BitBoy have a shop there. Blockchain projects are also there, DEXs and CEXs with their own store and even more fun stuff to be found there.
If you own BLOK tokens and participate in the Bloktopia metaverse, you are a Bloktopian.
How does Bloktopia work?
Bloktopia works with four basic principles: Learn, earn, play & † create (learn, earn, play & create).
- Learn – the crypto world can be quite confusing and what you find on YouTube, Telegram and Twitter can also be disjointed. Bloktopia therefore wants to position itself as a central hub where you can learn in a friendly and open environment.
- Earn – digital real estate, REBLOK, is for sale in the tower. Furthermore, there are also ways to earn a passive income, to strike to advertise.
- Play – play games, have fun with your friends and grow your network with an immersive VR world.
- Create – there is a user-friendly builders tool and then participate in events to win prizes with your custom NFTs . If you are more experienced, there is also an SDK (software development kit) that allows you to create games and dApps. NFTs come in the form of ERC721 and ERC1155.
Bloktopia’s huge user base allows it to generate revenue through advertising and sponsorship. In addition, it offers the opportunity to share in the production of income through NFTs. A great deal of emphasis is placed on advertising, just like REBLOK, the real estate.
Advertising and real estate are emphasized, as the image below shows.
Onboarding on Bloktopia
However, before you can start spending your hard earned crypto or start thinking about earning income on Bloktopia, you will have to log in first. You do this by creating a wallet . Unlike most or almost all other crypto projects, you can do this quite easily via email or your social media with 2FA (two-factor authentication). Your Bloktopia wallet therefore works more or less like your passport and your BLOK tokens are stored there. With this you can pay anywhere. That is a very easy onboarding method. There is also free entrance to enter the tower.
What is REBLOK
REBLOK is the real estate in the Bloktopia tower. Because it concerns 21 floors, there is a lot of real estate on offer. At the beginning of November 2021, the sale of the 1st floor or the ground floor has started. The Marketplace allows you to buy and sell REBLOKs.
There are two ways of ownership;
- Sole property – REBLOK then consists of a single NFT.
- Shared Ownership – A REBLOK now consists of several NFTs. As an investor you can buy more than one NFT in a REBLOK.
Below you can see a map of the REBLOKs on floors 1 to 6.
REBLOK can only be purchased with BLOK tokens. BLOK will be sold on various crypto exchanges after the IDO and private sales campaigns. The property will be sold in eight different phases.
If you are the sole owner of a REBLOK, you can arrange and develop the lot as you wish. With the Bloktopia SDK you can set up your REBLOK via NFTs or buy stuff on the marketplace. You also have the option to buy or sell your REBLOK in the marketplace. Fully furnished or bare, it doesn’t matter, but it can of course make a difference in price. You can also lease it to someone for a one-time event or for a longer period of time.
Below is a detailed image of the ground floor plan and its REBLOKs.
For shared ownership, see what JOBE is below.
What is JOBE?
Because the BLOK token had a strong and unexpectedly good price development by the team, many NFTs on Bloktopia became too expensive. The team received many complaints about this, so JOBE was set up. With JOBE, the team wants to give as many people as possible the option to buy REBLOK NFTS at an affordable price. Their website lists the minimum investment as $100. JOBE stands for Jointly Owned BLOCK Enterprise. Because a full REBLOK is too expensive, it is divided into several pieces or lots, and you co-own it with other people. You can buy as many lots as you want.
JOBE #1 has been open to purchase your REBLOKs since early November 2021. The REBLOK is an NFT of certain pieces of real estate on a floor of the tower, of different sizes. JOBE #1 is all about the ground floor. It is always clearly explained which NFT sizes are involved, they are all numbered. JOBE #1 is size 1, 2, 2A, 3, 4 and 5. This is a total of 4.8 million BLOK tokens when bought individually.
A 0.1% share of JOBE #1 costs 4,800 BLOK and consists of 1,000 lots. A plot is a relatively small, coherent piece of land that has one specific use. It is clearly demarcated and is not the same as a plot.
Such a JOBE remains open until all lots of 4,800 BLOCK have been sold. You can buy as many lots as you want. The rent is paid on the 2nd day of the month. Tenants of JOBE #1 include Avalanche , DexTools, Elrond , KuCoin, Travala, and Bloktopia. The interest is 480,000 BLOK per year (40,000 BLOK per month) which can be collected by the 1000 lot owners every month, so 40 BLOCK per month per lot owner.
You must then strike BLOK for at least 15 days in order to receive rent. If you then want to get out of the JOBE, and you have not started a strike, you will not receive any rent. Your lot is then available on the market again, so there is always the possibility to enter a certain JOBE.
JOBE #1, 2 and 3 are described below.
What is ADBLOK?
ADBLOK is advertising on Bloktopia and that will play an important role in generating income. The revenue from advertising is called ADBLOK. They offer interesting conditions for the brands that are going to advertise. Finally, they expect a lot of daily traffic in the tower and on all its floors. So far, everything with a little name in the crypto world has already hired itself on the ground floor.
There are 21 large totem columns and 84 small totems available. These are indeed a kind of poles just like a totem, and you can advertise on them. 50% of the surface of these totems is offered for advertising and those are the ADBLOKs. Of course also in the form of an NFT. On the profits of ADBLOK, the investors receive 50%. The payout then depends on the place where you advertise.
To buy an ADBLOK you need BLOCK again and the price depends on where the totem is located in the tower. Because every visitor enters on the ground floor, this is a prime location with the highest prices. The premium locations will be on the lower floors. As you go higher in the tower, the prizes decrease. That is, with the exception of floor 6 which is an auditorium and floor 21 which is a game zone.
Revenues of ADBLOK
A small totem on the ground floor is a D6 billboard and can be found in 4 places. It is suitable for showing videos or photos. Bloktopia owns 50% and the other 50% is owned by 50 investors. As an NFT holder of a small totem, you will therefore be paid 1% of the profit. The price is 6 million BLOCK/ $1500 @ public sale price. Revenues are estimated at $24,000 per year.
Below you can see a few billboards and a large advertising totem column on the ground floor.
There is only one large totem, but in a central place on each floor. For a large totem, the distribution formula has remained the same. The price is 8 million BLOCK/$2000 @ public sale price. For this, the revenue is estimated at $31,000 per year.
Just like in Manhattan with its well-known billboards and illuminated advertising such as in Times Square, this will also become an important part of Bloktopia. There will also be a block radio with the latest crypto news, which you can turn on or off. Advertising time is of course also available for this. There will also be a large trading screen on the ground floor, so you can keep up with the latest crypto developments. In the auditorium on the 6th floor, famous people from the crypto world will be invited as guests to give a lecture. It is expected that this will become the busiest place in the tower after the ground floor.
Strike on Bloktopia
There are always three different staking pools where you can stake BLOCK. Check their website for the layout of these staking pools and the fun visual packaging. Pool 1, 2 and 3 are already closed. Pool 4,5 and 6 are currently open. You can strike for 90 days with 20% APY, 180 days with 40% APY or 360 days with 60% APY.
Who is on the Bloktopia team?
On the Bloktopia website, four people are named in the team. Two founders and two others. There is an even larger team at work, which is a must for such a large project. Let’s take a quick look at these four.
- Ross Tavakoli – Co-Founder and CEO. He has been in crypto since 2015, a real ‘OG’. His background is in retail investment. Bloktopia is his vision and he selected the team.
- Paddy Carroll – Co-Founder and CMO. He is good at marketing.
- Simon Benson – CTO. 25 years of commercial experience and worked for Sony. Participated in multi-million AAA games projects.
- Libby Rothwell – CIO. Takes care of the commercial and marketing ideas and has a background in the film industry.
Main investor is Animoca Brands, the firm behind Axie Infinity . Other investors include Avalanche, Polygon , CryptoWendyO, and Bitboy. The last two are YouTube influencers.
What is the BLOCK token?
The BLOK token is an ERC20 token. There are 200 billion BLOK tokens and 8.56 billion BLOK or 4% of them are in circulation. The market cap in early November 2021 is $774,818,421. In October 2021, the token rose by 311%.
It is the native and utility token in the Bloktopia ecosystem. The entrance to Bloktopia is free, but with BLOK in your wallet, you get benefits during your visit. REBLOK and ADBLOK can only be purchased with BLOK. All BLOCK that REBLOK or ADBLOK is bought with will be locked which leads to scarcity. BLOK is also a management token and you can cast your vote with it.
The token will be unlocked in a way that you can view in the Lightpaper. You can find a link for this on their website. It is, among other things, a Chrome extension.
The team will receive 15% of all tokens that are also unlocked over a longer period of time. This is good news because it means the team is not going to run off with the investors’ stakes. Also known as a back pull, exhibited in early November 2021 by the team behind the Squid Game token.
Below is the distribution of the BLOK token.
What is the price of the BLOK token?
If you want to invest in the BLOK token, a good start is to know its price. If you are already going to trade, you also want to make a profit. You can make a technical analysis to see what the best buy or sell moment is.
The BLOK token was listed on CoinMarketCap on October 6, 2021 at a price of $0.0417. Until October 28, the price rose slightly and then went up parabolically. In October, the share price rose as much as 311%.
On October 31, 2021, the preliminary ATH was already reached with a price of $0.1728. After that, the price also fell again and at the time of writing, at the beginning of November 2021, the price is $0.09061.
At CoinMarketCap it is just outside the top 200 in place 222. This coin has a good prospect in my opinion, especially with the (deserved) attention the project is getting. I think he could have a good price development. If you want to invest in this coin, it is important to do your own research.
Where can you buy the BLOK token?
The BLOK token is unfortunately not yet for sale at Bitvavo and Binance . The two major CEXs that do offer this coin are Gate.io and KuCoin . There are also liquidity pools on the Quickswap DEX where you can find a BLOCK pair. There will soon be more CEXs and DEXs that will offer this token, especially in view of the popularity of this token.
What is the best way to store the BLOK token?
You can store the BLOK token in several ways. The first option is to store the wallet on the exchange where you buy the token. However, keep in mind that there is always a risk that a stock exchange could be hacked.
As a second option, it is better to have an online wallet such as MetaMask or a similar wallet. Now you are in possession of the private keys and it is already a lot more difficult for a hacker to get to your coins. However, if you manage to lose your private keys, you will no longer have access to your own coins. You will then no longer be able to access your wallet. For example, if your computer crashes. These private keys are therefore important and you should keep them well, preferably in different, safe places.
As a third option you also have a hardware wallet such as Ledger, the X or S version or from Trezor. Now your coins are safely offline and no one can touch your coins. However, the same story applies here for your private keys. Keep it safe and in a few different places.
Bloktopia is another metaverse project that everyone and their dog seems to be talking about. Perhaps it is or was not known to you, but hopefully that has now changed. It is a project with a lot of potential, all the fuss is certainly not because it is hot air. The project is well put together and within a short time many well-known crypto investors have already got behind the project.
Bloktopia has everything you need to compete in the AR and VR world . The token has also experienced a tremendous price increase of a whopping 311%. The price has also dropped a bit, but it is certainly a project to keep an eye on. If you want to invest in the BLOK token, do your own research first!
Thanh Lanh Tran(1989) is Chief Editor from BitcoinUSD.com