Before getting into Bloktopia price prediction let’s talk about Metaverse. The term “Metaverse” is often used in technology, gaming, and cryptocurrency. Neal Stephenson, an American science fiction author, first used the phrase in his 1990 novel Snow Crash. In this book, he imagines a virtual world where people wear virtual reality (VR) goggles, live in three-dimensional (3D) avatars, and trade virtual goods on a market that revolves around the earth.
In a nutshell, the term “Metaverse” refers to a persistently virtualized online world that blends social media, blockchain, virtual reality (VR), augmented reality (AR), mixed reality (MR), and other technological advancements.
On the whole, the decentralized future version of the internet called the metaverse builds surroundings that enhance user engagement by simulating the actual world. Users can carry out the majority of daily tasks online in metaverses, including working or shopping, playing games, meeting and socializing with others, and doing daily tasks. Additionally, by establishing virtual economies and holding in-game events, video games give the closest experience to the metaverse.
What is Bloktopia?
Bloktopia is a metaverse project that intends to serve as a central information and entertainment hub for crypto enthusiasts of all expertise levels. Bloktopia takes advantage of the technology to produce spectacular visuals and user experiences since it is built on top of the Polygon network and driven by the cross-platform Unity game engine.
Bloktopia’s metaverse platform is envisioned as a 21-story, decentralized VR skyscraper. The number 21 was used intentionally to represent the 21 million Bitcoins that Satoshi Nakamoto coded into the system when he created it.
He advanced Blockchain, cryptocurrency, VR, and AR technologies all come together in Bloktopia Tower to create a decentralized environment for aspiring businesspeople, investors, gamers, and developers. The Bloktopia metaverse’s economy is built on a specific nonfungible token (NFT) system that enables its users, known as Bloktopians, to own and develop land as virtual real estate, with adverts and events that offer income possibilities for users.
The Bloktopia metaverse is similar to a huge mall, including shops and other venues for blockchain and NFT initiatives, exchanges, influencer marketing, and brand showcasing. In conclusion, Bloktopia is utilized for gaming, creativity, education, and virtual reality social experiences.
Who is behind Bloktopia? The short answer is seasoned blockchain veterans who have been involved in the IT, cryptocurrency, and entertainment industries for decades. They are chief technology officer Simon Benson, co-founder and CEO Ross Tavakoli, and co-founder and chief marketing officer, Paddy Carrol.
Bloktopia (BLOK): How does it operate?
Bloktopia users may participate in an immersive world in accordance with the project’s four main pillars: study, earn, play, and create by offering a VR experience for the community of Bloktopians.
Users must first construct avatars that spawn outside the Bloktopia 21-story tower in order to interact with the world of Bloktopia. Users then access the first level, which is a first-class business environment, after creating their avatars. There, customers may learn about bitcoin pricing, get in touch with assistance, utilize the navigation bar and help desk, and view the events’ schedules and summaries. Through registration, level one users may also take part in the activities.
In essence, level one gives a summary of the Metaverse’s activities and is where crypto influencers advertise. On this level, Bloktopia provides totems, which are advertising boards. There are 84 little totems and 21 larger ones, both of which are seen to be ideal places to advertise.
Users may locate the Auditorium on floor six. The biggest events in the Bloktopia metaverse take place here, where immersive and interactive video presentations from crypto influencers are hosted. In this metaverse, certain cryptocurrency seminars and presentations are pushed, and users get prizes for going.
There is also a penthouse and a gaming area. The goal of this level was to lift Bloktopians’ spirits. It offers poker and other multiplayer games of chance to Bloktopians. Playing them gives you the chance to win native tokens for the Bloktopia metaverse in addition to having fun.
In addition to popular Bloktopia use cases including access to cryptocurrency teaching and learning tools, virtual events, and meetings, Bloktopia users may also gain access to several streams of passive and active revenue, as well as staking. The possibility to own real estate blocks in the form of NFTs, which can then be leased to advertising parties or used to host Bloktopian events, is one of the monetization alternatives.
Tokens inside Bloktopia
The native token of Bloktopia is called BLOK. Users may purchase items and gain admission to unique events in the Bloktopia metaverse using this utility token. Bloktopia’s virtual real estate is only leased or purchased using BLOK, making BLOK tokens valuable and essential for the ecosystem’s survival. It may be used, for instance, to upgrade real estate space or buy things from the Bloktopia marketplace.
Built on the Polygon network, a layer-2 scaling solution for Ethereum, and the BNB Chain, BLOK is an ERC-20 coin (formerly Binance Smart Chain, BSC). BLOK was introduced in October 2021 and has a 200 billion BLOK maximum emission. The total quantity of BLOK tokens from the initial real estate transactions is reduced by publically burning every single one of them. Bloktopians can swap BLOK on decentralized exchanges for other currencies (DEXs). On a number of exchanges, including OKEx, KuCoin, Gate.io, and QuickSwap, you can buy and trade BLOK.
Additionally, there are NFTs that can be purchased with BLOK crypto tokens, such as REBLOK NFTs for purchasing or renting virtual properties, ADBLOK NFTs for purchasing or renting metaverse advertising space, and BLOKG governance NFTs, which will be crucial to Bloktopia’s decentralized autonomous organization (DAO). Simply put, BLOK NFTs give its holders the option to buy NFTs, which stand in for REBLOK and ADBLOK ownership, and to join BLOKG in voting.
What is next for Bloktopia?
The crypto community has already taken notice of Bloktopia Metaverse, a young project that has the potential to grow into a disruptive center of immersive entertainment and learning. Bloktopia is a commendable cryptocurrency project that seeks to dominate the worldwide VR, AR, and gaming industries, which are gradually transitioning to the newest game technology.
The community has already seen what notable metaverse initiatives like Decentraland and The Sandbox can provide. So why should you buy into Bloktopia? Without a doubt, Bloktopia’s innovative concept and the breadth of new technologies it employs are amazing. When investing in any enterprise, remember to weigh the risks and the rewards.
BLOK price history
Now is the time to look at the price development of BLOK. Knowing the token’s historical performance is crucial because it may contextualize producing or reading a Bloktopia price forecast, even if past performance is never a reliable predictor of future outcomes.
BLOK first came onto the open market in October 2021. Its value increased from $0.006999 on October 6 to $0.0117 the following day. The price was relatively unstable, as is typical for new cryptocurrencies, but BLOK benefited greatly from favorable market circumstances, as seen by the fact that it reached an intraday record high of $0.1777 on October 31. But this was as good as it got, as on November 5 the token fell below $0.10 before recovering by the end of the month. The highest price during this bull run was $0.1474 on November 26 before it slightly declined to end the month at $0.1286. After that, the market started to decline, and worries over the Omicron variation of Covid-19 caused it to end the year at $0.0554.
Bloktopia has endured a rather merciless market in 2022, just like many other cryptocurrencies. Even though BLOK’s price only slightly increased at first, to $0.0567 on January 2, this year, it has been going downhill for the most part. The coin ended January at $0.02927, and while February may have begun positively for investors thanks to an intraday high of $0.03367 on February 7th, it ended badly.
The worst day was February 24, when the invasion of Ukraine by Russia caused BLOK to drop to an intraday low of $0.01268 before making a little rebound to end the month at a still-unimpressive $0.01794. Out of the 200 billion BLOK that were produced, 8.34 billion are now in use. With a market valuation of over $57.6 million, the token ranks as the 373rd biggest cryptocurrency.
Bloktopia price prediction
Let’s now examine the Bloktopia price prediction. It is significant to highlight that price estimates are frequently off, especially over the long term, because cryptocurrencies are quite volatile. Additionally, a lot of bitcoin price predictions use an algorithm that is subject to alter at any time.
First off, UpToBrain makes a somewhat bullish price projection for Bloktopia for 2022, saying that it would eventually hit a little over $0.10 this year before increasing to between $0.12 and $0.13 in 2023. The site predicts that the token will reach $0.16 in 2024, while UpToBrain believes that BLOK can reach $0.18 in 2025. The website predicts that at some time in the future, BLOK might trade for between $1 and $3, although it does not specify when.
According to PricePrediction.net, the price of BLOK might reach $0.008 in 2022, $0.012 in 2023, and $0.017 in 2024. The website predicts Bloktopia’s price for 2025, when it will sell at $0.024, and for 2026, when it will trade at $0.036, respectively. It estimates that BLOK will cost $0.050 in 2027, $0.075 in 2028, and $0.11 at the end of the decade. According to the website’s Bloktopia cryptocurrency price projection for 2030, the token should cost $0.16.
After analyzing TechNewsLeader‘s prediction, the Bloktopia coin price will reach $0.009 in 2022, $0.013 in 2023, $0.018 in 2024, and $0.027 in 2025. According to the website, BLOK may reach $0.039 in 2026 before rising to $0.055 in 2027. The coin is predicted to reach $0.075 in 2028, $0.11 in 2029, start the following decade at about $0.16, and $0.23 in 2031.
Last but not least, WalletInvestor‘s prediction for the price of BLOK is that the token could be worth $0.000589 by mid-May 2023.
Before we conclude our evaluation of Bloktopia, there are a few points to make. First, as we have previously shown, Bloktopia has had a dismal performance as of the writing of this article in 2022. Even while there is always a chance that it may improve, it is worrying to see a cryptocurrency in such poor shape so soon after reaching an all-time high. One can only hope that BLOK will be able to benefit from the market’s eventual return to more optimal conditions.
The Bloktopia concept is sound, but there is a lot going on in the market, so it will be interesting to see whether it can draw in newbies to the crypto sector despite the fact that the metaverse is a major issue in the world of cryptocurrencies. We’ll just have to wait and see what happens, as is always the case with cryptocurrencies.