DeRace, often brought up on Crypto Banter and recently talked about by Hustle. $DERC, was recently trading at over $8 in November and is now just under $3 as of writing. So I've had a look through the website and whitepaper to see what its all about!
Introduction.
DeRace is the first decentralized blockchain-based racehorse platform that joins millions of racehorse enthusiasts in a community where you can buy and breed NFT horses, and host races in your owned hippodromes for actual profit.
DeRace is a combination of 2 significantly growing multi-billion-dollar markets: video gaming, and horse racing, all merged by blockchain and NFT technologies.
Problems Targeted
P2E gaming-
Video gaming is a booming billion-dollar industry, expected to rise enormously in the next decade. With limited opportunities in P2E Derace looks to capitalise on this ad drive the market forward.
Slow digitalization of the horse racing market-
Horse racing is expected to become the leader of the sports industry. Previous attempts to get horse racing digitized were well received by the audience. There is a huge demand for the digitalization of the horse racing market.
Corruption and fraud in horse racing
Horse racing has a long history of fraud and corruption. Injecting horses with doping, bribing jockeys to fail the races, race fixing, money laundering, tax fraud, and so forth. Could virtual horse racing expel or increase the chances of this?
Slow and expensive transactions
Fiat-based video games have very slow transaction times, due to verification processes, platforms in different countries and costs due to exchange rates. This can cause purchases or withdrawals to take several days.
Derace Solutions
DeRace fulfills the huge demand in 2 separate multi-billion-dollar markets
Brings profit to the players
The current gaming industry is far from being player-friendly. Everything is focused on spending, pay to win! DeRace’s core user is to bring profit to the players.
Users can earn actual profit by: breeding and trading NFT horses, participating in races, hosting races in hippodromes, selling their analysis and predictions, participating in referral, reward, and bug report programs.
Uniqueness
NFT technology in DeRace brings something that the industry has never seen before - assets that you can purchase, create and use in a game and make a profit from. One-of-a-kind authentic NFT horses, pretty cool right?
100% Fair and Transparent
Decentralized solutions guarantee transparent, fair, private, and safe gaming to all participants of the platform.
Personalized gaming experience
DeRace offers a brand new approach to online entertainment - a personalized gaming experience. They focus on making every gaming experience unique by offering many ways of participation and 100% unique NFT assets to each player.
Unpredictability and exciting gameplay as never seen before
The predictable outcomes and dull gameplay are what make most gamers drop the game in the first week of playing. Derace use Genetic Algorithm and RNG technology to create unpredictability and enable endless possibilities to outcomes of player actions.
Summary
My thoughts, now I feel Derace is a early adaptor but there are other similar games hitting the market, and its not always the first that is the best.
Now the market cap is currently sitting at just over £100million, and FDMC of $300million, which is a considerable drop since November so there is deifinitly room for growth.
Crypto gaming in my eyes is the future, gamers getting more out of there experience earning for doing something they love.
The modern gamer is getting constantly frustrated with scripting in modern platforms, and gamblers with the corruptness that is horse racing. As well as the ethical implications in horse racing .
I personally feel Derace is very promising, but this is not FA so ensure you DYOR.
Thanks for reading,
@Lguigs
SOURCE- https://derace.com/