The GameFi Craze Hits Solana as RaceFi Prepares For Take-Off
24 November 2021 - 10:55PM
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GameFi, NFTs, and anything Metaverse related is on an absolute
terror in recent weeks as play-to-earn narratives heat up and users
begin experiencing the true power of blockchain gaming. Most of
this recent activity has been concentrated on Binance Smart Chain
(BSC) as Ethereum network fees have priced out many of the world’s
most loyal gaming communities found across Southeast Asia. In
Vietnam, one company called RaceFi has attracted leading investors
and partners for being the first AI/ML integrated car racing game
to hit Solana. Similar to BSC, Solana offers rapid transaction
speeds at a fraction of the cost of Ethereum. This means new users
are easily onboarded and in-game transactions enable a smoother
user experience compared to alternatives. For RaceFi, Solana made
it possible to combine NFTs, DeFi options, and play-to-earn
potential without any shortcomings. Within the RaceFi ecosystem,
players have control over how they use and engage with their
in-game assets, leveraging them to earn rewards. RaceFi does this
by combining artificial intelligence and machine learning with
blockchain technology. Their PvP races will run automatically based
on AI algorithms developed in-house by experienced developers. The
game will offer two main race modes: Pure Race and Battle Race.
Pure Race (PvE mode) will allow players to directly drive and
control their cars. When entering a race, players must agree to
Race Conditions and use strategy to compete and win a race. In PvP
mode, players will customize their strategic statistics, allowing
the game’s AI tech to analyze the winners. For users that want a
more competitive edge, Battle Race will let players upgrade their
cars with battle features such as guns and shields. There will be
no time limit or finish line in this mode, giving players the
chance to continue to race and attack each other until there is
only one racer left. This is comparable to a battle royale in other
game settings. At the core of this experience, is the constant
ability to earn while playing. All of the game’s ownable components
will be verifiable NFTs. Players can earn rewards while playing
multiple game modes and by owning and developing in-game property.
What’s next for RaceFi? RaceFi will be launching a series of IDOs
in the coming weeks, including one on Solrazr that will soon open
its whitelist on November 23. Full details can be found here. The
second IDO will be held on EnjinStarter, with more details to be
announced soon. Prior to launching, RaceFi is holding multiple
community-related contests to allow community members to own RaceFi
tokens by adding value before the launch. The company has also
announced multiple strategic partnerships with leading investors
and projects such as R-930 Capital, AvStar Capital, idoresearch
Ventures, and more. To stay up to date with RaceFi’s latest
updates, keep an eye on their official Twitter or Telegram.
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