Drone Racing League Zooms Into Metaverse, Bringing ‘Play to Earn’ to Algorand

Competitive drone racing is joining the play-to-earn party.

Drone Racing League (DRL) and Web 3 crippled developer Playground Labs person tapped Algorand’s blockchain to make the archetypal play-to-earn drone crippled successful the metaverse, announced by the league connected Wednesday.

The details for the crippled itself person yet to beryllium determined – a typical from DRL told CoinDesk it volition look to its assemblage to find what benignant of gaming they’d astir enjoy. Play-to-earn, oregon GameFi, refers to an emerging subsector of the crypto satellite wherever gamers are rewarded with integer assets that transportation worth beyond the confines of a peculiar title, arsenic is often the lawsuit successful mainstream gaming.

While the details are inactive to beryllium worked out, the league said “players volition contention DRL drones” (presumably integer ones) for cryptocurrency and non-fungible tokens (NFTs) connected Algorand.

The league has besides introduced sports betting to the level successful an effort to enactment up of the times, being “the archetypal athletics successful the air” that fans tin stake on, according to a property release.

“We’re gathering a roadmap of truthful galore antithetic things successful the adjacent respective years,” DRL President Rachel Jacobson told CoinDesk successful an interview. “We person to cognize blockchain due to the fact that we ever privation to beryllium 10 steps up and archetypal to market. We’re going to beryllium Playground Labs’ crown jewel.”

DRL has besides tapped Algorand arsenic the rubric sponsor for its satellite title lawsuit held astatine T-Mobile Arena successful Las Vegas, which volition see a show from American stone staple Weezer, among different festivities.

Playground Labs is an affiliate of Hivemind Capital Partners, which announced successful November a $1.5 cardinal fund to put successful projects gathering connected Algorand.