The Drone Racing League (DRL) has partnered with Playgrounds Labs to develop a new play-to-earn drone game based on Metaverse technology. The video game’s idea is now set. However, the information around the release is still missing, which implies that the DRL may still have some determining to do.
The play-to-earn design in video gaming was popularized by other metaverse video games, most notably Axie Infinity, making it possible for gamers to use their in-game gains and convert them into real-world realty investments.
Now, the league wishes to see players race digital drones for the possibility of winning non-fungible tokens based on the Algorand blockchain. The organization has previously broadened into other experience branches, featuring esports and real-life drone races.
The play-to-earn model is the recent addition. The handle Playgrounds Labs is approximated at $100 million and will last a minimum of five years as per preliminary signage. Depending upon the outcomes, the business may extend it.
As a result, the Algorand blockchain will likewise sponsor the World Champion event that is taking place at the T-Mobile Arena in Las-Vegas. Playground Labs has been a reputable party in the Algorand blockchain, looking for new methods to build upon the experience.
The partnership with the Drone-Racing League is right on the money, the company thinks. Play areas Labs is also connected with Hivemind Capital Partners, which designated $1.5 billion in a mutual fund to improve Algorand.
Meanwhile, the DRL remains optimistic-about the upcoming World Champion Season as it thinks that the mix of esports and real-life competitions will increase the league’s popularity even further.
The DRL aims to present sports wagering as part of its deal on its platforms to make more fans feel included with the action. According to Drone League-president Rachel Jacobson, the league is “building a plan for numerous different things in the next several years.” Information about the play-to-earn model of the organization should likewise be forthcoming.