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Tuesday, February 7, 2023

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Project Drone Galaxy trailer released by Drone Racing League, Algorand ahead of launch: all the details

Project Drone Galaxy, the upcoming metaverse game from the Drone Racing League (DRL) has received a new trailer. The DRL has teamed up with the Algorand blockchain to launch a game in the metaverse, which will allow players to build their own drones and compete in high-stakes racing arenas, all in a fully functional virtual universe. Founded in 2015 by Nicholas Horbaczewski, the DRL is a real-life competition held each year where professional pilots race identically modified drones for rewards and awards.

The league posted an official trailer video with glimpses of the multiplayer game, which will go live later this year. DRL has not yet announced a release date for Project Drone Galaxy. Algorand, a green blockchain has been chosen to support the game, created by Playground Labs, a metaverse infrastructure developer.

“Our fans are avid drone and blockchain enthusiasts, and as we prepare to launch Project Drone Galaxy powered by Algorand this year. The Drone Racing League was created for Web3,” Gianutsos said in a prepared statement.

Annie Marie Gianutsos, the DRL’s Chief Marketing Officer, said when announcing Project Drone Galaxy that the competition is essentially “made for Web3.”

“Players build their own drones, compete for digital collectibles and fly to win as animal avatars battling barriers, boosts and fiercely competitive pilots. The DRL is creating a new era of sports that will allow for fast-paced competition in real life, in virtual simulation and in the metaverse,” the DRL said.

The game will be accessible on various platforms including PlayStation, Xbox, Steam and Epic Games.

Games are also streamed live on a number of social platforms such as YouTube and Facebook.

The metaverse, a virtual working ecosystem, allows humans to exist as avatars in a digital reality. They can meet, work, buy digital collectibles, interact with them and indulge in hyper-realistic virtual experiences in the metaverse.

The market opportunity for the metaverse could reach $800 billion (approximately Rs. 59,58,700 crore) in the next two years, according to research reports to suggest estimation.

The technology is touted as the next milestone for the video game industry, which is a profitable mammoth in its own right.

As for Algorand, this marks another important partnership after the Italian and Indian government agencies joined hands with the blockchain for official projects.

“Revenue in the video game segment is expected to reach $221.40 billion by 2023. The number of users is expected to reach 2,776.9 million users by 2027. User penetration is expected to reach 34.9 percent by 2027,” Statista estimates.

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