DeRace is the first decentralized racing platform to integrate NFT technology. Players can earn money by guessing, hosting races, breeding and trading NFT horses, and owning their own arenas. DeRace has two core attractions, one is the NFT horse section; Second, traditional horse racing is innovatively transplanted into the virtual world, and more new ways of playing are added, which can produce no less interesting than the traditional horse racing market.
DeRace aims to solve and disrupt three multibillion-dollar industries simultaneously: video games, horse racing and gambling. The project sees a huge opportunity in the lack of video games with gambling capabilities. At the same time, horse racing has been plagued by corruption scandals and a lack of digitization compared to other sports. In addition, there has been a loss of trust and interest in centralised gambling solutions because of the slow settlement of trades.
DeRace proposed a personalized game experience that was 100% fair and transparent. The player is not limited to being a spectator, but can take full control of the process by purchasing unique NFT horses. This has led to personalised gaming and gambling experiences that are unaffected by regulators and gambling companies banning players, while also offering cheaper and faster deals.
the project on July 26 in < a href = "https://coinmarketcap.com/currencies/dao-maker/" > DAO Maker on launched its < < / a > a Href = "https://coinmarketcap.com/alexandria/glossary/initial-dex-offering" > IDO < / a >. It plans to complete the technical aspects of the site in the third quarter of 2021 and launch the NFT for horses in the fourth quarter of 2021. This is also when the platform will be released in BETA. The full platform is scheduled to launch in the first half of 2022, with a bet that virtual Horses will launch in the second half. Derace also plans to launch the world's first ETF to generate cash flow for NFT between late 2022 and 2023. These ETFs will contain baskets of horses or arenas that can be raced to generate cash flow.