DeRace Play-to-earn NFT Horse Racing Metaverse Explained
DeRace teleports all the exciting parts of the horse racing industry into the virtual world!
The whole metaverse is designed in a way that empowers gamers to make profit through the exciting play-to-earn model and have the best in-game experience at the same time. On a fundamental level, DeRace allows players to earn $DERC tokens by participating in horse races, breeding NFT horses with unique characteristics, and hosting races in their own NFT hippodromes.
Let’s take a closer look at the main activities in the DeRace NFT horse racing metaverse: horse racing, horse breeding and race hosting — becoming a bookmaker.
In the DeRace metaverse, horse races happen in hippodromes. Each race consists of a certain number of horses, and horse owners can join in a race for a set fee determined by the hippodrome owner. At the end of each race, the winner is announced and the prize is automatically transferred to the winner’s account.
Chainlink’s VRF technology is utilized in determining the winning horse. Speed and stamina of the NFT horse partly influence the winning chances but do not guarantee it completely.
Performance boosting assets — which will be added to the game in the near future — are also an important part of the races. They can be used to boost the performance of the racing horse as well as be given out as prizes to the winners.
Once in a while, special tournaments will be hosted in the dedicated hippodromes offering exclusive prizes. By participating in these racing events players will be able to acquire prizes from sponsors like DeRace, Binance and many others.
Another profit making activity in the DeRace metaverse is horse breeding. The player selects two horses, one male and one female, both having a breeding cool-down at 0 to breed a new horse.
Features such as looks, breed, and track performance make each DeRace NFT horse a unique creature. All physical characteristics are visible for users, while the inherent features that determine a horse’s performance — speed and stamina — are hidden but can be speculated. By combining genes from parent horses using genetic algorithm, the newly bred NFT horse inherits the parents’ characteristics with +/- 5% deviation (RNG factor is applied).
DeRace NFT horses can be traded in the in-game marketplace, other NFT marketplaces as well as any CEX, DEX or AMM. The owner has complete control of their NFT horses.
Becoming a bookmaker
Hippodromes are where horse races take place. They vary among each other by different surfaces, length and even building style! Each hippodrome contains 10,000 NFT tokens, and the player can own a part of the whole hippodrome.
If a player owns more than 5000 (more than 50%) tokens, he is granted the right to administrate hippodrome races, thus becoming a bookmaker.
Bookmakers decide how and when to organize races in their hippodrome. The races can be public, where anyone can participate, or with certain requirements that participants have to meet. Bookmakers also determine the amount of entrance fee that participant horses have to pay in order to join the race and the prize pool.
Race hosts can also advertise their races on different platforms, including in-game advertisements or outside social mediums, such as Telegram. The profit that bookmakers make comes from collecting participation fees as well as from other channels.
Besides the conventional activities in the DeRace NFT horse racing metaverse, players can also make profit in the following ways:
Selling analysis and predictions
All the activities above make DeRace the complete NFT horse racing metaverse that joins millions of gaming and horse racing enthusiasts in a community where you can own, trade, breed and race NFT horses and host races in your own hippodromes for profit.
A few years from now, people from across the world (and not just the crypto enthusiasts) will breed their horses, participate in the races, and aim to build their own hippodrome, all of which will be possible in the new and thrilling DeRace NFT horse racing metaverse.
Excited to learn more about the DeRace NFT horse racing metaverse? Elaborate article on hippodrome features is coming out soon, so stay tuned!
DeRace is a play-to-earn NFT horse racing metaverse where you can participate in horse races, breed NFT horses with unique characteristics, host races in your own NFT hippodrome and earn profit while doing it.
DeRace is electrifying the current NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control of their own hippodromes.