Benzinga - As motorsports like Formula 1 find new popularity through social media, the desire to be involved in the culture of motorsports, the stats, competition, and strategizing have also been increasing. New developments in technology have also allowed a greater degree of ownership and benefits that can be experienced in gaming and tech.
As a result of these factors, car, crypto, and gaming enthusiasts are currently anticipating the release of Stradall, an NFT-enabled gaming platform focusing on high-end motor cars from across the decades. By taking advantage of technologies like blockchain, and their proprietary cryptocurrency, Metanol, the team is bringing the nostalgic hobby of trading card collecting into the 21st century.
Gameplay
The platform allows players to collect digital versions of high-end motor cars, including their real-world performance metrics, in the form of an NFT, or Non-Fungible Token. These allow for the ownership to be securely established and allow owners of these tokens to trade them among each other, similar to how one might exchange a trading card. However, Stradall's ownership-centric approach to their metaverse allows the cards to come with additional benefits.Players undertake the role of a Manger and build their collection of cards into teams and compete for prestige and prizes that can help them expand their collection. Stradall has partnered with 15 brands, including Bugatti, Aston Martin, and Maserati to bring together an impressive collection for players to work from.
To ensure all players have an opportunity to take part in the experience of collecting and playing, cars are broken into five tiers of rarity, ranging from 1/1 Black editions to a free 5th tier of players looking to try out before diving in. Each of these tiers also comes with its own benefits for players seeking a longer-term commitment.
Play & Earn
Rather than just admire their collection, managers can race against each other in head-to-head duals, or in larger organised events, risking their entree fee and sometimes the car itself. However, rather than being a game throwing the fastest car onto the circuit, managers have to organise their teams and implement strategies to maximise their effectiveness in different environments, and factor in some luck while they’re at it.As online gaming has matured, so has the way players interact with them. By using gradual advances in tech, the industry has moved from a pay-to-play model to an environment where players can earn real financial rewards by playing. Stradall is taking advantage of blockchain technologies to take this a step further.
Positioning themselves as more than just a game, Stradall allows managers to earn rewards and benefits through their ownership of cars, race wins, and trading on the secondary market with other managers. The rarity of a car allows the owner to collect royalties on trades of lower-rarity versions, allowing managers to passively earn from their commitments and achievements.
The Team Behind the Vision
Stradall has brought together a world-class team whose shared experience spans crypto, capital management, cyber security, gaming, high-end motorsports, and gaming. This diverse skillset is essential to delivering their goal of play, investment, and trading.Victor Faramond, a former Apple engineer and Co-founder of MoonPay, the world’s number 1 payment solution for crypto, has been featured in the Forbes’ 30 under 30 list, and his latest round of funding attracted such famous investors as Serena Williams and Snoop Dogg.
He is head of cyber security and tech at Stradall, using his experience with Blockchain technologies to ensure Stradall can become the centre of the metaverse for motorsports enthusiasts and collectors.
“Seeing the enthusiasm from racing fans has been fantastic, it’s what drives us forwards. We’re excited to allow them to experience their hobby, and their community, in a totally new way. The platform we’ve put together is at the cutting edge of tech, gaming, and community building. As the project launches we’re eager to see our community driven governance take us where we need to go”
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