The GameFi Craze Hits Solana as RaceFi Prepares For Take-Off

GameFi, NFTs, and anything Metaverse related is on an absolute terror in recent weeks as play-to-earn narratives heat up and users begin experiencing the true power of blockchain gaming. Most of this recent activity has been concentrated on Binance Smart Chain (BSC) as Ethereum network fees have priced out many of the world’s most loyal gaming communities found across Southeast Asia. In Vietnam, one company called RaceFi has attracted leading investors and partners for being the first AI/ML integrated car racing game to hit Solana. Similar to BSC, Solana offers rapid transaction speeds at a fraction of the cost of Ethereum. This means new users are easily onboarded and in-game transactions enable a smoother user experience compared to alternatives. For RaceFi, Solana made it possible to combine NFTs, DeFi options, and play-to-earn potential without any shortcomings. Within the RaceFi ecosystem, players have control over how they use and engage with their in-game assets, leveraging them to earn rewards. RaceFi does this by combining artificial intelligence and machine learning with blockchain technology. Their PvP races will run automatically based on AI algorithms developed in-house by experienced developers. The game will offer two main race modes: Pure Race and Battle Race. Pure Race (PvE mode) will allow players to directly drive and control their cars. When entering a race, players must agree to Race Conditions and use str...