The Metaverse is a big topic right now in pop culture. Facebook has started the big boom of this industry.
KuCoin, a Singapore-based cryptocurrency exchange, has decided to explore the Metaverse and become the first from that sector. The platform has “merged” reality with virtual reality (VR) to introduce its new “metaverse office” in a stunning virtual reality-based building called “Bloktopia”. This office is located on the 21st story of a virtual skyscraper. In this metaverse office, people will be able to virtually communicate with each other and interact with furnishings and other decorations. The announcement comes just days after Facebook took a pro-metaverse step and rebranded the company as Meta.
According to Kucoin, the meta office will allow users to decorate cyberpunks, interact with virtual furnishings, as well as chat and speak to each other in the virtual environment. KuCoin has seemingly adopted a metaverse-friendly business model, offering support for Bloktopia’s native token, BLOK, as well as the utility token for Dreams Quest (DREAMS), a blockchain-based gaming platform aiming for a metaverse-based economy.
The blockchain is predicted to play a big role in the Metaverse too. Bloktopia is bringing to the table a decentralized Metaverse that is being built and backed by the Polygon Network. This is in the form of a VR experience that may just bring together the community.
What is Bloktopia?
Bloktopia is a decentralized Metaverse experience. It is taking the form of a tokenized VR Crypto Skyscraper where Real Estate Bloks can be purchased and governed by BLOK token holders.
The skyscraper can be explored by users with their avatar which they take control of in VR. There are a few landmarks that users can explore, such as an auditorium where virtual events can be held, the penthouse where gaming takes place, and even a virtual CoinMarketCap space.
How does the BLOK token work?
The BLOK token has a few different uses. It is the native token of Bloktopia and so is used as the main currency in the ecosystem. Holders of BLOK will receive exclusive privileges – especially if they hold larger amounts.
The token will also be used as the revenue for advertising and sponsorship. There will also be a rewards program where users can receive BLOK for their participation in community events. Then there is the staking. BLOK can be staked to help run the network and in turn earn attractive APYs.
Closing thoughts
In terms of developments, it doesn’t get more modern than Bloktopia. Combining blockchain with virtual reality in a Metaverse where NFTs take center stage, you can start to see the appeal of this setup.
The project leverages on the communities desire to not only create, but also earn and play – all attractive prospects for the average user. With a market of VR users to tap into, Bloktopia may just be a starting point for new users to enter the crypto world and learn the fundamentals. If it can do that, then it should be well on its way to success.
