THE virtual reality world has finally merged with cryptocurrency to create the ultimate combination of the two.
the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing languageBloktopia was born at the beginning of 2022 and has piqued the interests of both gamers and investors alike. But what is it?
Global Tech News DailyBloktopia promises to be the perfect fusion of crypto and the metaverse Credit: Bloktopia
What is Bloktopia?
The concept of Bloktopia was developed by tech whiz Ross Tavakoli, who wanted to build a platform for crypto traders to immerse themselves in another world.
Global Tech News DailyHe produced a virtual skyscraper made up of 21 floors in a nod to the cap of 21 million Bitcoin, which acts as the hub of the online community for crypto fanatics.
It promises to help users – who will be known as Bloktopians – with any degree of experience to learn in an “open and friendly environment” while allowing them to learn, earn, play and create.
It will attempt to ease people into the complicated and confusing Metaverse, as “for the first time ever, users will have access to crypto information and immersive content all in one place.”
Bloktopia's dramatic pledge to bring together the crypto and virtual reality worlds has created an international buzz.
The Bloktopia Wallet is said to dually function as a multichain wallet, allowing users to store other currencies such as Ethereum and Bitcoin.
How does Bloktopia work?
Users join the Polygon-produced Bloktopia by creating a virtual avatar and account to represent themselves.
This character can continue to improve as their journey through the VR crypto world continues.
They can then enter the extraordinary skyscraper, which has different surprises on each floor.
Bloktopians on Floor One will find cryptocurrency pricing information, a navigation area, a help desk, and premium retail space.
If you head to the very top on Floor 21, players can enter the luxury penthouse to compete for Blok tokens.
Gaming activities range from gambling offers to simulations and can help users move on up in the Metaverse.
Bloktopia's VR Auditorium is a space marked out for large events, talks and presentations of all things crypto, allowing users to stay up to date with the latest news and trends.
Those who attend will gain Blok tokens as well as knowledge, in a bid to encourage players to want to educate themselves.
There is also a Bloktopia Radio Station which broadcasts important information for Bloktopians to listen in to.
Users can earn crypto through advertising revenue on huge billboards and buildings Credit: Bloktopia
How to earn money in Bloktopia
Like every blockchain project, Bloktopia has its own token known as Blok, which is currently priced at £0.019 according to CoinMarketCap.
Users will be able to purchase virtual real estate with this digital currency alongside reaping the rewards from the various concepts in the Bloktopia system, which is based on an NFT economy.
The real estate model mirrors the trade in real life, as Bloktopians can buy, sell and lease their Meta homes with a payback model you decide on.
Players in the Metaverse can also earn from advertising revenue, as promotions can be displayed on virtual billboards or even “beamed” on the radio for users to hear.
Play-to-earn games can also help Bloktopians cash in, while community participation can help users progress the platform while earning.
Stores and businesses exist in Bloktopia, which is attempting to become the entertainment hub for crypto enthusiasts.
Building networks and empires will also help you earn Blok, as sole ownership and joint ownerships can help you expand your portfolio.
How to play Bloktopia
Each Bloktopia game has its own style and rules, although some closely resemble popular activities that already exist today.
As the Metaverse expands, more and more games keep cropping up to entice users to earn crypto.
One of Gala Games simulations is Town Star, a browser-based farming simulator that lets you grow crops, build a town, and trade items to earn points.
The servers for the free game reset each week, meaning everyone starts with a clean slate the following week, while towns are wiped on a monthly basis.
Users have to create a successful town – choosing an ideal location, producing resources which are sold to cities and employing staff to help you out.
Considering the layout of your town as it grows is something you'll need to take into consideration because of this.
On top of wood, employees, wages, and storage, you also need gas to deliver and sell your goods to cities.
NFTs come into play by giving bonuses like completing jobs faster, adding extra storage, or assisting with production.
Users then compete by entering the Weekly Competition – as the only way to earn is making it into the top 100 on the weekly leader board.
GALA coin rewards are handed out according to player rank, decreasing in value the lower your rank is.
Rewards will be set to players' Treasure Chest after the weekly tournament wraps.
For more background on metaverse games, check out our Gala Games vs The Sandbox vs Decentraland explainer.
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