Bloktopia is a metaverse that is structured as a skyscraper made up of 21 levels. This was done to pay recognition to 21 million Bitcoin.
Blocktopia is being created in Unity Engine. Its motto is “Learn, Earn, Play and Create,” Its vision is to make it a central hub where users with all levels of crypto experience are welcome.
When the project is fully developed, it is supposed to be a “virtual reality metaverse” where players can interact, play games, host events, chat, learn about cryptocurrency and NFTs, and create and build on their land plots.
They managed to attract a lot of high-profile partners and investors, the lead investor being Animoca Brands. They are also partnered with Genblock Capital, Polygon, AU21 Capital, Magnus Capital, Avalanche, Elrond, and Shima Capital. Recently, Enjin joined as well.
Everyone on the core team is doxxed.
The CEO and co-founder are Ross Tavakoli. He has been in the crypto space since 2015. CMO and the other co-founder is Paddy Caroll, an experienced marketer that previously worked with some of the largest brands in the UK, such as BT Group and Sky.
Libby Rothwell, the commercial director, has over 15 years of experience in the film industry and creating commercial partnerships. The CTO, Simon Benson, is the tech lead of the project. The art director, with more than 25 years of experience in the gaming industry, is Andy Manns.
The in-game avatars are being developed in Ready Player Me, a cross-game avatar platform.
Investors can purchase their block on the 5th level of the Blocktopia skyscraper for 300.000 $BLOK tokens (about $900). Investors have mostly bought the first five floors of the skyscraper. There are 21 layers in the Blocktopia tower, each with additional land parcels. The land sale is currently live on their official website.
Land plots do not differ by rarity or resources, only by size and location. This naturally affects the price of certain NFTs, which can be viewed here.
There are two main types of land plots:
- Reblok generates revenue from a 10% rental fee guaranteed by Blocktopia.
- Adblok, where holders will share advertising revenue.
You can read more about this in-depth on their website.
Additionally, the layers of the skyscraper also have their designated roles. For example, the first level is the central hub of Blocktopia, as it contains a help desk, a navigation desk, a plan for the day’s upcoming events, and all the latest cryptocurrency pricing information.
Level 6 holds Bloktopia’s auditorium, where it will hold immersive and interactive video presentations, and level 21 will be a luxury penthouse area exclusively for gaming, poker, and gambling
The project has its native utility token, $BLOK. It is a token built on top of Polygon, Ethereum’s most popular Layer 2 network. The supply is capped at 2,000,000,000.
It was released on September 29, 2021, for the price of $0.00025 per token for investors on launchpad sites, such as SFUND. During the gaming bull run in Q4 2021, like many other crypto gaming coins, it skyrocketed from just above $0.01 to more than $0.17 in less than a month.
The token is now in a stagnant accumulation phase, with almost no trading volume compared to its previous ATHs, trading around $0.003.
It is listed on KuCoin and gate.io, but no other major CEXs.
There are a lot of different stake pools available to choose from on their website. Depending on the lock-up period, investors can yield as much as 60% APY on their tokens if they stake them for 360 days.
Here is a detailed tokenomics breakdown
The token $BLOK will be required to purchase or lease all real estate within Bloktopia, Reblok, and Adblok. The token will also be used for accessing exclusive events, joining pre-sales, staking, customizing avatar or virtual real estate, and participating in Blokpad launches. Token holders are known as Bloktopians.