The unique role that non-fungible tokens, or NFTs, could play for consumers as a form of currency exchange for personal bits of information that you authentically own could very well be on the horizon. NFTs are cryptographic assets on blockchain with unique identification codes and metadata that distinguish them from each other. NFTs are booming and they already hit several spheres. Cars are no exception. We are going to have a look at two projects dedicated to NFT Digital Cars: Trade Race Manager and REVV.
TRADE RACE MANAGER
The Trade Race Manager (TRM), as the first project developed by IOI corporation, running on the Polygon is the #1 ecosystem for gamers and traders powered by DeFi and NFT’s to bring players lifetime rewards, that add an element of gaming to make trading a fun experience.
Trade Race Manager is a PvP game that brings unlimited rewards and play2earn mechanics. The core gameplay is based around collecting, use and trade of Non-fungible tokens while enjoying cryptocurrency trading. The idea about the game arose more than one and a half years ago to solve the task of how to make money even during bear markets while playing the blockchain game.
What is the TRM target audience?
The main focus is on two types of customers:
- Less experienced crypto traders who are interested in the business but cannot fully commit their time to cryptocurrency trading and technical analyses. They are users that have an internet-enabled device, are interested in new technologies, use their smartphone for at least 3 hours each day, have a positive outlook on cryptocurrencies, and are willing to learn new things, but prefer to do it in a more entertaining way.
- More experienced traders who have been successfully trading cryptocurrencies for some time, and are now looking for additional sources of income. They are users that make money through crypto trading regularly, are open to new ideas, and are constantly on the lookout for new sources of income. When casual traders attempt to make sense of cryptocurrency markets, they will inevitably come up with questions such as: Who to follow? When to buy? How can I choose the best-performing coin? People tend to seek the advice of their more experienced peers.
TRM was created to provide a solution for everyone who is interested in crypto trading and wants to learn the business in a safe and fun environment. TRM is an interactive social crypto-trading platform that uses elements of gaming to create a relatable and easy-to-understand overview of cryptocurrencies and their market performance adding the Defi features together with non-fungible tokens.
Gaming adventure – trading with cars
TRM will provide its users with a social crypto trading platform that integrates elements of gamification. We want traders to enjoy the trading and bring them something new, and more exciting.
TRM will help its users to be connected, get verified results, and, as a bonus, earn rewards together with their friends. Nothing in life should be boring, and crypto trading shouldn’t be an exception. This is why we gamified daily trading with races thanks to blockchain and NFTs.
Conventional daily trading is not for everyone due to complicated technical analyses or emotional burdens.
That’s why we created a trading game with different types of races for everyone. Just pick your car, fuel it up with your best performance coins that will be used as gas, and become the winner of the race. Every day you reach new levels, receive ratings and attract new fans who can help you earn more. Eventually, you can make a team and play together.
The idea behind the NFT game is very straightforward and you can become the racer or owner. You pick the car as NFT which brings you also benefits just for racing without even winning in the form of the staking rewards.
TRM offers people to become a part of a network of traders, gamers, and leaders. You can learn from more experienced crypto traders and earn money alongside them. We are not just another social trading platform; we represent a revolution in crypto trading. Once you join, you will realize that crypto trading can be fun and entertaining. We believe that gamification is the key to widespread adoption among potential crypto traders around the world.
Why should experienced traders join TRM?
More experienced traders can become racers and participate in trading contests that are known as races. Racers compete against each other by making smart trades and raising their return on investment (ROI). Do not forget that you race with a car as NFT which has a limited supply and there are also some rare editions. Besides funny trading, we definitely want to keep the players on the platform. The crypto market is growing extremely fast and we can not be behind.
The platform offers plenty of other useful features that will keep users on the platform, such as:
- DeFi features
- Liquidity pool rewards
- NFT Marketplace
- DeFi games
- Noncustodial wallet access for ETH and IOI via metamask
- IOI wallet
- CeFi functionality
REVV is an ERC-20 utility token that is designed to be the currency of purchase, utility, and action in supported play-to-earn motorsport blockchain games.
Supported games include:
- F1® Delta Time: the official Formula 1® blockchain game, which has generated 559.37 ETH plus US$355,790 in sales of NFTs at time of writing.
- MotoGP™: an upcoming game based on MotoGP that combines strategy and management with the intense thrill of motorcycle racing
The total supply of REVV has been fixed at 3,000,000,000 tokens.
What is REVV?
The REVV token is a fungible cryptographic token that exists on the Ethereum blockchain. A fungible token is an asset that is interchangeable with tokens of the same type, so that one REVV token always has the same value and properties as any other single REVV token. REVV is the main utility token and in-game currency of the branded motorsports games produced by Animoca Brands, including F1 ® Delta Time, an upcoming title based on MotoGP™ intellectual property, and a third title to be announced soon. REVV is being leveraged as a cross-title utility, and the driving force behind the Play-to-Earn model.
REVV Community Overview
Social activity Development strategy for the REVV Token platform is currently focused around an audience that uses English as the common language, with plans to support additional languages as the project grows. As the first available product in the REVV ecosystem, a significant portion of current activity occurs in F1 ® Delta Time channels. Additional social resources will be set up and deployed to service the upcoming game based on MotoGP as that product’s beta launch approaches. A third motorsport blockchain-based title that will be part of the REVV ecosystem will be announced in the near future.
The Growth and Scalability of the REVV Motorsport Ecosystem
Transactions times and high gas fees are a painfully familiar topic for anyone who has interacted with Ethereum based games. In the last few months, with the ETH price continuing to rise, these have become concerns for our players, and REVV have been working to address them. F1® Delta Time will utilise the Polygon chain.
What this means for F1® Delta Time and REVV
One of the most exciting aspects of the partnership of REVV with Polygon is that REVV will be bridged to the Polygon chain. This means that if you hold a sum of REVV on the Ethereum blockchain, you will be able to use a bridge to transfer that same amount of REVV to Polygon. REVV on Polygon will be usable in the same manner as on Ethereum; it can be used to purchase gameplay tries and buy NFTs. There is also an exit bridge, meaning that any REVV you earn on Polygon can be transferred back to Ethereum.
For F1® Delta Time specifically, moving to Polygon will minimize transaction fees and make your Play-to-Earn experience much more efficient. This update will benefit players by providing faster transactions and much lower fees for game actions such as Key opening and future staking systems.
What to expect next
The integration of Polygon is not a small task. REVV´s first step over the coming weeks will be to enable the REVV bridge and support 2020 Key openings on the Polygon chain. Like REVV, NFTs can also be bridged between Polygon and Ethereum, meaning that a Key that is opened on Polygon can mint NFTs that can be sold on Ethereum.
This will enable REVV to switch to a full automatic claim system on rewards. Right now, all rewards are airdropped and players sometimes have to wait to receive them. With the new claim system, players will be able to receive their rewards promptly. This change will affect all features of the game: Grand Prix Mode(full multiplayer and events), Time Trial, Elite Time Trial, Tracks, and future features.
Read more about NFTs
And why are NFTs important for digital artwork
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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.