Block Chain

Drone Racing League Partners with Hivemind’s Playground Labs, Launch First P2E Game on Algorand Blockchain

Professional drone racing League (DRL) joins the Metaverse world by launching its first recreation. A money-making crypto sports activities recreation on the Algorand blockchain in partnership with Playground Labs, a Web 3 recreation developer from crypto funding fund Hivemind.

These two groups said they’d launch the primary in-game money-making recreation utilizing DRL of their digital world on the Algorand blockchain, extending DRL’s high-speed drone race into the metaverse.

The international gaming, cryptocurrency, and drone market are presently value over $2 trillion. By creating the primary P2E on-chain and launching a digital drone racing collection in a digital world, gamers can get rewards in cryptocurrencies and non-fungible tokens (NFTs) by taking part in DRL drone races, which can transcend the digital realm of finance Value turns into actuality.

Play-to-earn (P2E), or GameFi, is a well-liked enterprise mannequin that stays within the blockchain recreation world, which corresponds to the F2P (Free to Play) mannequin that’s widespread within the recreation business in the true world.

He refers to an rising subfield of the crypto world the place P2E video games reward customers for energetic participation by buying digital property.

The crew mentioned it additionally launched sports activities betting to the platform to remain forward of the occasions, turning into the “first air sport” followers can wager on.

Established in 2015, DRL is the worldwide, skilled drone racing property for elite pilots. The present international viewers is greater than 75 million.

DRL President Rachel Jacobson mentioned of the partnership:

“Our millions of fans love crypto, fintech and gaming, and we’re thrilled to partner with Playground Labs to create our first play-to-earn drone racing game on Algorand’s blockchain. Together, we will accelerate DRL’s growth as the first omnichannel sports league, enabling our pilots and fans to race drones across the physical, the virtual, and the metaverse, which will be paramount for all sports leagues moving forward.”

Playground Labs CEO Sam Peurifoy defined that Drone Racing League is probably the most revolutionary, inclusive, and high-tech sport and P2E gaming supplies a platform for steady engagement for audiences world wide.

As reported by Blockchain.News on September 15, The New York-based Drone Racing League (DRL) introduced that has reached a five-year sponsorship settlement with crypto platform Algorand of $100 million.

Image supply: Shutterstock

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