SNEAK PEEK
- Dubai and UAE are involved in Web 3 and sports.
- Dubai Verse cup allows customers to race and win NFTs.
- DVCC’s goal is to create an open platform.
The United Arab Emirates (UAE) and Dubai are not new to Web3 and sports. The Dubai Racing Club (DRC) and the Dubai Verse Cup (DVCC) are working together to bring more competitive horse racing to the metaverse.
Users may breed, race, and win cryptocurrency with virtual horses in the form of NFTs on the Dubai Verse Cup play-to-earn (P2E) metaverse horse racing platform. It announced its cooperation with the DRC, organizers of the $30.5 million Dubai World Cup, and other races at Meydan Racecourse on January 15.
Users interested in the upcoming program can access the beta version from DVCC using smartphones, AR, and VR equipment. Building an open platform that welcomes third-party developers is one of the goals of DVCC.
As a platform that blends Dubai’s horse racing ecology with metaverse gaming, the CEO of DVCC stated that it made sense to join the “most experienced in the sector”—the Dubai Racing Club.
The move aims to benefit from the UAE’s vibrant gambling and sports cultures. Due to the partnership, gamers can get incentives in the form of $DVCC tokens for their racing and breeding accomplishments. Using tokens, you may purchase skins, horses, avatars, and other in-game stuff.
Users can collaborate in families and compete against other families, which is an intriguing twist. The entire family benefits when one member of a group wins rewards. On May 14, Floyd Mayweather fought in an exhibition match. Tickets to the event were sold using NFTs, and purchasers had access to a live feed and exclusive NFT merchandise. Sheikh Hamdan, the Prince of Dubai, approved Dubai’s most recent metaverse plan.
Dubai aims to become a global leader in Web3 and the metaverse. Last but not least, it will host TMRW Dubai, a three-day gathering of authorities in cryptocurrency, the blockchain, and NFT. Metaverse viewers, in addition to the 6,000 attendees, could reach 40,000 or more.
