🎁 Airdrop Season 7 is LIVE - Answer Fun Questions to Earn $30K Prize Pool Rewards. JOIN NOW!
Airdrop Season 7
Crypto News Blockchain
Drone Racing Ventures into the Metaverse via Algorand Blockchain

Drone Racing Ventures into the Metaverse via Algorand Blockchain

Gile K. Market Sentiment Analyst
Written by Gile K.,
Market Sentiment Analyst

✓ Fact Checked

Last Updated: May 22, 2023

✓ Fact Checked

Free Airdrop Season 7 is LIVE! Answer fun questions or do simple tasks to earn rewards from the $30K BitDegree prize pool. Participate Now ! 🔥

Drone Racing Ventures into the Metaverse via Algorand Blockchain

The Drone Racing League (DRL) will be partnering up with Playground Games to create a P2E competitive drone game on the Algorand blockchain.

The news came in from the Consumer Electronics Show, one of the largest tech shows happening right now. According to the Twitter post by @DroneRaceLeague, this will be the first-ever play-to-earn sports game in a metaverse environment.

While there aren’t many details on the gameplay, DRL will run on the Algorand blockchain so players can access and be rewarded in digital assets.

What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained

What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained

This partnership is linked to a deal that was made between DRL and Algorand in mid-September. According to CNBC, the two made "a five-year pact worth $100 million."

Knowing other companies related to gaming like Ubisoft, who recently partnered up with aleph.im, it's very possible that the Drone Racing League will come out with their very own NFTs.

Likewise, the partnership will include a betting platform so fans can bet on their favorite players, with Algorand being the main sponsor at the Drone Racing League, held at the T-Mobile Arena in Las Vegas.

Play-to-earn games have been heavily funded by large corporations due to the huge profit potential in the constantly developed blockchain. While there haven’t been any hybrid-type games entering the metaverse like drone racing just yet, a lot of blockchain-focused games such as Ertha Metaverse managed to gather millions of dollars in investments.

Gile K. Market Sentiment Analyst
Gile K. Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.
See Our Experts
Loading...

The Most Liked Crypto News Findings

Looking for more latest crypto news on related topic? We have gathered similar news articles for you to spare your time. Take a look!

Gas Spike Fallout: Infected Game Jumps Ship from Base to Solana

Blockchain

Gas Spike Fallout: Infected Game Jumps Ship from Base to Solana
North Korean Tech Workers Infiltrate UK Blockchain Firms, Google Says

Blockchain

North Korean Tech Workers Infiltrate UK Blockchain Firms, Google Says
Blade of God X Accused of Ditching Web3 After Crypto Funding, Says Former Exec

Blockchain

Blade of God X Accused of Ditching Web3 After Crypto Funding, Says Former Exec

Latest Crypto News & Videos

Changpeng Zhao Teams Up with Kyrgyzstan to Power Blockchain Growth

Business

Changpeng Zhao Teams Up with Kyrgyzstan to Power Blockchain Growth
Slashing Goes Live on EigenLayer, Final Upgrade Arrives

DeFi

Slashing Goes Live on EigenLayer, Final Upgrade Arrives
Emmer’s Anti-CBDC Bill Advances After Tight House Committee Vote

Regulation

Emmer’s Anti-CBDC Bill Advances After Tight House Committee Vote
The Most Rewarding Play-to-Earn Project? BitDegree Explained (ANIMATED) The Most Rewarding Play-to-Earn Project? BitDegree Explained (ANIMATED)
VIDEO
The Most Rewarding Play-to-Earn Project? BitDegree Explained (ANIMATED)
What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained
VIDEO
What Are Crypto Quests? EASIEST Ways to Earn Rewards Explained
What Is Chia? | Crypto Finally Explained What Is Chia? | Crypto Finally Explained
VIDEO
What Is Chia? | Crypto Finally Explained

Trending Crypto News

Wait… tariffs are good for Bitcoin?

Wait… tariffs are good for Bitcoin?

FDUSD Recovers After $450 Million Claim—First Digital Hits Back at Justin Sun

FDUSD Recovers After $450 Million Claim—First Digital Hits Back at Jus...

Fortnite Hides Crypto-Themed Dill Bits Mine in New Map Update

Fortnite Hides Crypto-Themed Dill Bits Mine in New Map Update

Gas Spike Fallout: Infected Game Jumps Ship from Base to Solana

Gas Spike Fallout: Infected Game Jumps Ship from Base to Solana

Airdrop Season 7
Binance
KuCoin
Airdrop Season 7
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
5.0 Rating
Get deal
See all Provider Coupons
×
BitDegree.org

BitDegree.org

Fact-checking Standards

To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.

All the content on BitDegree.org meets these criteria:

  • Only authoritative sources like academic associations or journals are used for research references while creating the content.
  • The real context behind every covered topic must always be revealed to the reader.
  • If there's a disagreement of interest behind a referenced study, the reader must always be informed.
Feel free to contact us if you believe that content is outdated, incomplete, or questionable.
×
Subscribe

Subscribe

On Youtube

Understand crypto with ease

New explainer videos every week!