DeRace Metaverse Virtual NFT Horse Racing 2022 Blockchain Gaming Report Released

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DERCZilla has released a report about tech startup DeRace launching the beta version of its new blockchain-based virtual horse racing platform, creating a virtual equestrian gaming experience that has already hosted over 10,000 races.

DERCZilla showcases the DeRace Metaverse in its latest report, announcing that the play-to-earn horse racing and gaming platform is currently in Beta, allowing users to buy, breed, and race simulated NFT horses using DeRace Coin, the company’s cryptocurrency.

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As cryptocurrency and NFTs gain popularity, the report highlights the upward trajectory of the DERC Coin. It features the latest news about the DeRace platform that allows gaming and horse racing enthusiasts to make a profit while participating in races. They can also breed unique NFT horses, and build custom NFT hippodromes.

Instead of a living horse, horses on DeRace are NFTs (Non-Fungible Tokens). Each NFT horse has a unique set of quantifiable, blockchain-verified genetic characteristics, which are more or less suited to racing on various virtual tracks. In a virtual competition, the abilities of each horse are taken into account as a final result is selected from thousands of simulated races.

In a separate report, DERCZilla has identified and Binance as the two safe crypto marketplaces where users can safely purchase DeRace Coin. The currency can then be used to buy their first virtual horses. By hosting a race or participating in third-party races, users can then see the race unfold in real-time in 3D.

The top three winners of any race will share the prize pool, which is no less than 95 percent of all collected entry fees for any given race. The career earnings and race history of each horse are tracked by DeRace’s system.

DeRace has also added breeding contracts to the game, allowing users to negotiate fees to pass on their horse’s simulated genetic code.

As the platform is still in Beta, the company has many plans to expand and refine the user experience, which includes adding more race lengths and hippodromes.

DeRace was founded by a team of experienced entrepreneurs and crypto enthusiasts based out of Vilnius, Lithuania.

Recently, English footballer and stable owner Michael Owen has joined the DeRace team. He was quoted saying: “Having trained numerous championship-winning horses, I was very excited to join the creation of the first NFT horse racing universe.”

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Release ID: 89064616