Fly and earn
Drone racing will soon reach a new level in the sport. Playground Labs, the gaming affiliate of crypto investment fund Hivemind Capital Partners (Hivemind), and the Drone Racing League (DRL), the world’s leading professional FPV drone racing league, have announced a partnership aimed at expanding high-speed DRL drone racing beyond real-life and esports into the metaverse.
The companies will develop the first P2E sports competition on Algorand, the leading high-performance blockchain platform, where players will race DRL drones to earn cryptocurrencies and non-playable tokens (NFTs) that will transfer financial value from the digital realm to reality. Through this alliance, the DRL simulator through the Algorand blockchain realizes DRL’s stated goals of launching a series of digital drone racing in the metaverse and marks the first product of Playground Lab, setting the trend for the development of more sporty P2E applications in Web 3.0.
“We are excited to introduce Playground Labs to build the infrastructure of the metaverse to enable everyone to get real economic value out of playing their favorite games. Drone Racing League — is the most innovative, inclusive and high tech sport and DRL is built for the metaverse and the future global economy where P2E games will create community, economic stability and genuine inclusion for participants around the world.” — said Playground Labs CEO Sam Peurifoy.
Promising direction
The global market for games, cryptocurrencies and drones is valued at more than $2 trillion as the growing global audience of young, tech-obsessed “tech-setters” who love games, cryptocurrencies and exciting sports like drone racing continue to grow.
“Millions of fans love crypto, fintech and games and we are thrilled to partner with Playground Labs to create the first drone racing competition on the Algorand blockchain. Together, we will accelerate the growth of the DRL as the first omnichannel sports league, allowing our pilots and fans to race drones in the physical, virtual and metaverse worlds, which will be of paramount importance for all sports leagues in the future.” — said DRL President Rachel Jacobson.
Since its inception, the Drone Racing League has been combining virtuality with reality and rewarding its fans in a variety of ways. League Turns Virtual Drone Racing Pilots Into Pro Pilots With Annual SIM Tryouts Esports Tournament Through DRL SIM — a realistic drone simulator for PlayStation, Xbox and PC, as well as cash prizes for the best pilots in the Drone Racing Arcade mobile game, and is the first aerial sport that fans can legally bet on. The first P2E-DRL simulator on the Algorand blockchain will open up opportunities for a new generation of fans, create new cutting-edge brand integrations, and take DRL “simulator realism” to another dimension.
“As a technology driven sport, DRL continues to innovate genuinely and create real use cases on the fast, scalable and decentralized Alogrand blockchain platform. We are excited to create an exciting new digital drone simulator together with DRL and Playground Labs that will allow fans worldwide to own and monetize their drone racing experience.” — said Algorand COO W. Sean Ford.
About Playground Labs
Playground Labs brings digital productivity to life in the metaverse. By developing decentralized autonomous organizations (Decentralized Autonomous Organizations; DAO for short) and game products in the virtual world, Playground Labs is building the next-generation infrastructure for the metaverse and enabling everyone to generate real economic value by playing their favorite games.
About Drone Racing League
Drone Racing League (DRL) — it is an innovative global sports, entertainment and technology property. The world’s best drone pilots compete in the league, and millions of fans follow them racing on NBC, NBCSN and Twitter. With revolutionary technology and exciting high-speed racing in virtual and live competitions, DRL is creating a new era of sports, combining both esports and real competition. The company was founded by Nicholas Gorbachevsky in 2015. DRL is headquartered in New York.