DeRace, the NFT horse racing business valued at over $11 million.

The Metaverse of digital gambling that combines video games, games of chance and horse racing.

DeRace is a virtual blockchain-based NFT horse racing universe. The project has become the first blockchain-based decentralized horse racing platform uniting millions of racehorse fans into a community where you can buy and breed NFT horses.

It is the combination of 3 high-growth markets: video games, gambling and horse racing, as the future leader of the betting market, all merged by blockchain and NFT technologies.

Launched in the third quarter of 2021, it is currently one of the most popular blockchain games, thanks to its ability to bring the most exciting parts of horse racing to the virtual world.

According to the «Blockchain Observatory» published on its official website, DeRace is based on the Play to Earn game mechanics, which allows its users to earn money while they play. It is also possible to trade NFT horses within the in-game marketplace or on secondary market platforms, such as OpenSea, where more than 3,500 ETH, about $11.2 million, have been traded.

Game Operation.

In DeRace, horse races are organized on racecourses, with a specific number of horses. Owners of NFT horses must register at the racetracks and pay the fee established by the administrators for the race. At the end, the owner of the winning horse receives the prize pool or a percentage of the participants’ fees automatically.

The game offers a complete ecosystem where you can not only participate in horse racing, but also breed NFT horses with unique characteristics, organize races on your own NFT racecourse.

They can build their racetracks as NFTs to host betting races and tournaments, or participate in betting as ordinary citizens. It is also possible to become a bookmaker for bookmakers to sell race analysis or predictions. All of these areas of activity generate rewards in DERC tokens.

DeRace has announced a new update in which it will integrate different elements. For example, it will add new missions, prizes and activities for competitors and participants. In addition, it will integrate different accessories for the horses in NFT format.

In a tweet posted on their official account on April 6, the developers of this metaverse report that users will now be able to use saddles, saddle pads, stirrups, and bridles for their digital horses.

In this way, this metaverse allows users and owners of NFTs to have more participation and control of the activities that you can carry out as the owner of a token within the metaverse, thus being more attractive to future buyers or racing fans and horse betting