- Elrond Network has recently partnered with the Bloktopia metaverse
- The latest collaboration has made Elrond an Anchor Tenant in the Bloktopia metaverse
- The coalition bridges a portion of the BLOK supply as an ESDT token
- The convergence of VR and blockchain offers an unprecedented opportunity for creative expression
Elrond Network is a highly scalable, fast and secure blockchain platform that has disrupted several applications and a new internet economy. Recently, the ecosystem has collaborated with Bloktopia, the VR metaverse, that is working on to become the edutainment hub for all levels of cryptocurrency experience. Notably, the metaverse offers a compelling gateway into cryptocurrency for metaverse explorers. Indeed, it is a Non-Fungible Tokens (NFTs) based economy that allows the entrepreneurs to own land and develop a virtual real-estate. The metaverse also includes advertising and events that create an opportunity for the visitors.
How will the collaboration help Elrond Network?
The latest collaboration has made Elrond an Anchor Tenant in the Bloktopia metaverse. Indeed, the virtual Elrond Headquarters will be placed in Level 1, where the players will spawn by default. The aforementioned position will help the network to get maximum exposure for its customized lounge, and soon the customized content like ecosystem highlights or educational materials will be made available in the virtual location.
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Furthermore, while exploring the deeper technical integrations we have explored that the coalition bridges a portion of the BLOK supply as an ESDT token. Ultimately, Elrond users will be able to easily access the VR metaverse and enable Bloktopia’s NFTs to be purchasable in the marketplace on the network.
Unprecedented opportunity for creative expression
According to Beniamin Mincu, the CEO of Elrond Network, the convergence of VR and blockchain offers an unprecedented opportunity for creative expression. The factor adds an immersive digital dimension to interpersonal relationships. Through the collaboration with Bloktopia, the blockchain reaffirms its strategic focus on being at the forefront of the metaverse revolution.
Bloktopia is for a vibrant and savvy community
According to Ross Tavakoli, the CEO of Bloktopia, the metaverse was built exactly for the kind of vibrant and savvy community that has coalesced around the blockchain. However, the team behind the Bloktopia metaverse is excited to have them present at a prime location in its cryptocurrency hub. And will look forward to learning, having fun, and building the future of the metaverse together.
It is also worth noting that the secure Proof-of-Stake (PoS) based algorithm of the Elrond Network enables a linear scalability with fast, efficient, and secure consensus mechanism. Following the fact, the blockchain can potentially process about 15k transactions per second with approximately a latency of not more than 6 seconds. Indeed, the blockchain can help Bloktopia to allow its users to learn, earn, play, and create.