KuCoin ‘Merges’ Into Metaverse, Opening Office in ‘Bloktopia’ Virtual Skyscraper

As a first, KuCoin, a Singapore-based cryptocurrency exchange, has decided to investigate the developing Metaverse technology. The platform has “merged” reality and virtual reality (VR) to debut its new “metaverse workplace” in “Bloktopia,” a magnificent virtual reality-based structure. The 21st floor of a virtual skyscraper houses this workplace. People will be able to digitally converse with one another and interact with furniture and other decorations in this metaverse office. The news comes just days after Facebook made a pro-metaverse move by rebranding itself as Meta.

We are delighted to announce our new #Virtual home in Bloktopia!

We have set up a #KuCoin Meta Office within @bloktopia

Look forward to seeing you in the #Metaverse 🙌

Learn more: https://t.co/3iNOuO1vVc pic.twitter.com/XLCKCGKJnW

— KUCOIN (@kucoincom) November 2, 2021

The metaverse, which is powered by augmented reality (AR), can be regarded as the Internet’s future that could support a functional virtual universe. Crypto-coins are going to become the digital world’s currency.

KuCoin announced its arrival into the metaverse on Twitter, with a sneak peek at its virtual office decor.

“Visitors can learn basic or advanced cryptography from some of the world’s top minds – earn money, play games with pals, form networks, and much more.” “Think of Bloktopia as a shopping mall where each store offers a different project, exchange, influencer, or crypto brand giving an immersive customer experience,” KuCoin noted in an official statement.

KuCoin has designated “BLOK” as the native token of Bloktopia in order to fine-tune its metaverse adoption.

The metaverse debate appears to have picked tremendous steam in recent days, especially after Meta, previously Facebook, entered the realm.

Nick Clegg, Meta’s Vice President of Global Affairs, recently stated that the company is preparing for the metaverse, which will be a part of Web 3.0, the next generation of the Internet.

The metaverse is here, and it’s not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room. Take a look. pic.twitter.com/h5tsdYMXRD

— Satya Nadella (@satyanadella) November 2, 2021

More IT behemoths, including Meta, are getting into the metaverse groove. For example, Microsoft CEO Satya Nadella has endorsed the approach.

According to Bloomberg Intelligence, the metaverse business opportunity will exceed $800 billion (approximately Rs. 59,58,719 crore) by 2024.