The metaverse concept has piqued interest with multiple industry giants in the year 2021. With Facebook revealing their initiative in becoming a metaverse company. Fortnite parent company Epic Games CEO Tim Sweeney expressed his desire in contributing to the metaverse. Given the growing interest, we have to ask: what exactly is metaverse?

The modern definition of metaverse is still an ongoing discussion, but we can distill some key characteristics into: interoperability, decentralization, a functioning economy and the extension of self (blending the virtual and physical world). Blockchain technologies and its growing ecosystems embodiy most if not all these characteristics. Its on-chain nature ensures its constant synchronization with the real world. Its interoperability and extension of self can be seen in multiple NFT & GamFi projects.

Most importantly, the metaverse is tied to one single digital identity. This one single identity will allow you to access experiences, content, buy and sell both physical & virtual assets. Just as you, the physical person is always the starting point where you interact with the physical world. In a fully realized metaverse. Your one single digital identity will act as the same, and as a  blockchain wallet. Blocto aims to provide this singular point of entry.

Uniting the fractured spaces: Blocto wallet

Blocto, a new generation of crypto wallet, simplifies the complex process for the average person; getting started with cryptocurrencies and blockchain technology using its user-friendly cross-chain wallet. The wallet is designed to meet the growing demand for a multi-chain ecosystem,

Wallets serve as the first point for individuals to interact with the blockchain. And given the crucial role they play, it’s surprising over the past decade that crypto has been around; very little has been done to improve these platforms, making it easier for everyone to interact with cryptocurrencies as they would like.

Birth Of Blocto

Blocto came around after portto, the team behind the platform realized blockchain technology user experience sucks since even some technical adept individuals will struggle with some processes that should be simple such as signing a transaction on Ethereum where low gas price will see the transaction hang. The situation’s complexity will likely kill any enthusiasm or curiosity a user might have when signing up.

Blocto’s mobile app allows users to manage assets and NFTs across different blockchains since the protocol currently supports Binance Smart Chain, Ethereum, Flow, Tron, and Solana blockchains. And in the future will add more blockchains. This makes it possible for users to access dApps and NFTs offered by different blockchains on the same app. Thereby eliminating time wastage from having to learn how to use different wallets.

Also, you get to interact with multiple blockchains without having to hold their native tokens. This is possible using Blocto points that can be used to make transactions and pay fees across the networks.

From the start, Blocto’s goal was to bridge the gap between users and developers operating in different blockchains by creating a convenient and frictionless cross-chain ecosystem for its users. The platform serves as a portal to the blockchain world, featuring a beginner-friendly wallet for its users. The wallet can be used to explore the blockchain world effortlessly.  

Products On Offer

To achieve this goal, the project has four core products today: BloctoSwap, Blocto Balancer, NFT Auction House, and Blocto Vault.

BloctoSwap

BloctoSwap is the first decentralized exchange that is built on the Flow blockchain. It is also the first market to allow the trading between FLOW and FUSD. BloctoSwap also offers Flow/Solana/Ethereum bridge.

Blocto NFT Marketplace  coming Oct 2021

Blocto NFT marketplace is a multi-chain open marketplace. As tokens that represent unique digital and real-life assets, these have enabled people from all walks of life to monetize their talents and assets in ways never thought possible (remember Beeple’s $69 million sale of his digital art). Blocto creates a marketplace where people can buy and sell NFTs of different ecosystems. Unique features such as purchasing an NFT directly with your credit card allow anyone to start their NFT journey fast and simple.

Future products

Blocto Balancer

It is a cross-chain automated market maker that allows users to deposit their entire crypto portfolio. These users earn fees as other users trade against their portfolio deposited in the Blocto Balancer.

The Blocto Vault

This is the decentralized revenue-sharing pool of the entire ecosystem. All revenue generated by all Blocto products will be injected into the Blocto Vault. Since the revenue generated comes from different blockchain protocols, different tokens will be stored in the Vault. This means that the Vault will be able to sustain itself irrespective of blockchain trends in the market.

The Blocto Token (BLT)

BLT is the utility and governance token of the Blocto ecosystem. About 25% of Blocto BLT token supply is distributed via BLT mining. Therefore, the majority of the tokens are minted to active users and developers.

Blocto closed their token private sale back in July with 8M USD sold. Notable investors includes Kevin Chou, Founder of Rally & Gen.G Esport, Roham Gharegozlou, CEO of Dapper Labs, Joseph Delong, CTO of SushiSwap, Animoca BrandsJoseph Delong, CTO of SushiSwap, Alameda Research, 500 Startups.

$BLT public sale will be held across three different chains - Flow, Solana, and BSC.

$BLT public sale will be held across three different chains - Flow, Solana, and BSC.  For more info about Blocto and $BLT check out the Blocto official website and Bloctos’ social media.

Blocto Token $BLT Multi-Chain Ecosystem BSC IDO [01] — Impossible IDO

Blocto Token $BLT Multi-Chain Ecosystem Solana IDO [02] — Dexlab IDO

For more info about Blocto and $BLT check out the Blocto official website and Bloctos’ social media.

There has been much talk on mass adoption, which should solidify blockchains’ place in your society; however, until the onboarding process is simplified, this will remain a pipe dream. Luckily there are projects like Blocto that are simplifying how users interact with various blockchains with greater security and convenience.Blocto now exclusively integrates with Vault by CNN, MotoGP ignition, Chainmonsters, Enemy Metal, VIV3, Canes Vault, Versus, Dark Country. With the continuous growth in 2021, Blocto will continue its mission in bringing great projects to users, and users to developers.