World’s first race-to-earn model combines fantasy team management with esports
COVID-19 brought many things to a halt, motorsports included. Although disruptive, the resulting digital reality boosted the sims racing experience, a reality driven by popular drivers now making an experience in virtual events. This list includes Formula 1’s Virtual Grand Prix, The Race: All-Star Series and eNASCAR featured on ESPN, FOX and other major TV broadcasters.
Although this initial frenzy has since subsided with the reintroduction of live races, sim-racing has proven beneficial in scouting new talent and inspiring entirely new communities by blurring the line between the real and virtual world.
With the world transitioning from pandemic to endemic, the question to the industry becomes, “how can this momentum be carried forward when the world is able to attend live events once again?” Fortunately, the answer isn’t far off, with blockchain technology and the greater metaverse presenting society with a new take on reality.
As this market pushes new all-time highs, the two worlds are believed to intersect in a new genre of virtual racing that rewards players for their participation, in turn spurring on engagement and building fan loyalty alongside live events.
Further advancing this new digital arena is AnteFame, a platform believed to be one of the world's first hybrid esports and fantasy league offerings. Here, players are invited to participate in a race-to-earn model that closely resembles the play-to-earn phenomenon that has taken over the gaming industry.
“After the successes of NBA TopShot in basketball and Sorare in football (soccer), we are excited to bring new levels of gameplay to motorsports and collectible platform,” AnteFame shares.
The project, defined as a combination of a club and play-to-earn game, has
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