Bloktopia is a tokenized decentralized metaverse on Polygon, intending to be a central hub for gamified crypto education. BLOK is the name and ticker symbol of Bloktopia Metaverse's native utility token.
The cryptocurrency universe can be complex to navigate and monetize as multiple channels and products exist. To solve this, the Bloktopia metaverse built a 21-story virtual reality skyscraper where users can educate themselves on crypto, earn revenue through real estate ownership and advertising, play games, create virtual events, and more.
Blocktopia gamifies its ecosystem through its non-fungible tokens (NFTs), REBLO, and ADBLOK. REBLOK NFTs give you ownership of the purchased space and enable you to develop it using the Bloktopia SDK. On the other hand, ADBLOK NFTs provide you with advertising rights in the Bloktopia metaverse. By purchasing ADBLOK NFTs, you will get 50% of all the revenue generated through your ADBLOK.
Bloktopia has partnered with Venly to develop its digital assets, including fungible and NFTs. Bloktopia also partnered with Anzu, a leading in-game advertiser backed by WPP and Sony, to place ads in the Bloktopia metaverse.
BLOK tokens are the native medium of exchange in the Bloktopia metaverse. Using BLOK tokens, you can purchase REBLOK and ADBLOK NFTs, access exclusive privileges and VIP events, and participate in play-to-earn (P2E) games and their launchpad.
BLOK price and tokenomics
BLOK has a total supply of 200 billion tokens. Bloktopia's initial DEX offering (IDO) was held on October 5 and 6, 2021, on four launchpads – Seedify, Red Kite, Oxbull, and Trustpad.
Out of the total supply, 19% were distributed amongst the following: 3.29% to early adopters, 4% to a seed round, 4.15% to the first private sale, 6.16% to the second private sale, and 1.4% to a public sale. 33% of BLOK tokens were reserved for the Bloktopia treasury. From the remaining supply, 25% was allocated to the staking reward pool, 15% to the team, 7% to Bloktopia advisors, and 1% to exchange liquidity.
With a high fully circulating market capitalization for the project, BLOK charts typically show a downtrend when vesting unlocks. To control the effects of this sell pressure on BLOK's price, Bloktopia burned $1 million worth of BLOK tokens on February 2, 2022.
About the founders
CEO Ross Tavakoli and CMO Paddy Carrol co-found Bloktopia. Ross has been involved in the crypto industry since 2015, while Paddy is an experienced marketer who has worked with UK's largest brands, such as BT Group and Sky.
Other core group members include CTO Simon Benson, who has experience at Sony, and CIO Libby Rothwell. Bloktopia raised $4.2 million in September 2021 from big-name investors like Animoca Brands, Polygon, Avalanche, AU21, Bitboy (Ben Armstrong), Jake Paul's Anti Fund, Wendy-O, X21, Genblock, Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital, and Magnus Capital.
