RaceFi Raises $2.9M to Bring a Play-to-Earn Racing Experience to Solana

RaceFi, the first AI/ML car racing game on Solana, proudly announced the successful closing of $2.9 million in seed and private fundraising rounds.

The round was led by Exnetwork Capital, Genblock Capital, Solar Eco Fund, Shima Capital, Basics Capital, and x21 Digital.

Additional investors include SolRazr, Enjinstarter, Magnus Capital, Titans Ventures, VBC Ventures, Master Ventures, Good Games Guild, PolRare, R-930 Capital, ZBS Capital, Asteroid Capital, Alpha Moon Capital, AVStar Capital, IDO Research Ventures, KiwiGROUP, and KV Ventures.

RaceFi is the first game that combines racing within a digital metaverse that includes various game modes such as Battles, PvP, PvE, and more. Within the game’s ecosystem, players will have the chance to own in-game property and earn rewards by leveraging this property to win races, or by trading assets on the game’s built-in marketplace.

John Lee, RaceFi’s CEO and Founder says, “We are excited to have the support of the best and brightest minds in the blockchain and gaming industries. Our investors and advisors have a deep track record of bringing innovative games to market. Combine this with the experience of our core team and we feel that RaceFi will be well-positioned to make a positive impact for fans of gaming, NFTs, the Metaverse, and more.”

RaceFi’s team brings heavy experience in gaming execution with a track record of launching successful games. The team’s advisory board also includes well-known blockchain entrepreneurs such as Eric Su of ExNetwork, Kevin Abdulrahman, Kyle Nguyen of VBC Ventures, and Steven Lee of PolRare.

Since closing the round, RaceFi has been focused on the next steps in its roadmap which includes upcoming IDOs on SolRazr and EnjinStarter. Our company’s native token, $RACEFI, will be offered to IDO participants at a rate of $0.125, with a total goal of $500,000 raised in both IDOs.

More information will soon be announced about RaceFi’s IDO and listing schedule.

About RaceFi

RaceFi is the first AI/ML integrated car racing game on the Solana ecosystem. Within RaceFi’s metaverse, players can earn while enjoying various game modes to satisfy the thirst for speed or make a profit by owning in-game property. Pure race or Battle race, PvP or PvE, racers or gamblers, the possibilities are endless. Our mission is to provide players with the most imaginative gaming experience and the most profitable monetization options possible, while also fostering the development of the Solana ecosystem and the widespread adoption of blockchain technologies.

Website | Telegram | Medium | Twitter | Discord | Reddit


DeXe Network In 2022

DeXe Network is an ecosystem of various tools and platforms coming together as the go-to one-stop-shop for DeFi trading. Its keystone is a decentralized social trading platform that operates via…

YDragon and Realm Partnership

Continuing on the YDragon metaverse journey, they have another partnership finalized and ready to announce. This time, it’s with the soon to be launched, multi-chain, play-to-earn game, Realm. Teaming up…

Market Stats:
BTC Dominance: 40.22%(+0.41%/24h)
ETH Dominance: 18.76%(-0.17%/24h)
Defi Market Cap: $128.72B(+5.15%/24h)
Total Market Cap: $1941.69B(-2.41%/24h)
Total Trading Volume 24h: $82.48B(+8.88%/24h)
ETH Market Cap: $365.86B
Defi to ETH Ratio: 35.18%
Defi Dominance: 6.26%
Altcoin Market Cap: $1160.68B
Altcoin Volume 24h: $58.99B
Total Cryptocurrencies: 16953
Active Cryptocurrencies: 9221
Active Market Pairs: 52772
Active Exchanges: 453
Total Exchanges: 1580
Share via
Copy link