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In this tutorial, you will learn how to create a block and allocate rooms on the room and rate grid using Opera Cloud. To get started, you need to create a new Block in Opera Cloud by going to bookings, selecting blocks, and then managing the block. By clicking create block, you can link a company account by searching for the company name. Once a company account is selected, you can update the default block name and complete the required fields, including selecting the market, source, and reservation type. This tutorial provides a step-by-step guide on how to create and set up a block for room allocation efficiently.