Conclusion

The video gaming industry is booming and is expected to rise exponentially in the following decade. The boundaries between gaming as leisure and profit-making activity have already become blurred. Therefore it creates a niche for video games with play-to-earn features.

Horse racing is expected to become the leader of the sports market bypassing football that held its position as the most popular spectator sport for decades. Also, there is a huge opportunity for the digitalization of the stagnated horse racing market.

Cryptocurrency provides an enticing solution to many of the problems and inconveniences that the online gaming industry currently faces. Transparent and provable outcomes, verified users, cheaper transactions, and near-instant fund transfers are all features that cryptocurrency implementation brings to online gaming.

Also, utilizing the newest type of digital asset that is the latest hot topic around the globe would spark a huge interest in the blockchain community. While NFT is still new there is a huge demand and interest in doing something profitable with it.

DeRace is a combination of 2 significantly growing multi-billion-dollar markets: video gaming, and horse racing, all merged by blockchain and NFT technologies.