Meta Dog World Innovates Dog Racing Industry Through Initial NFT Offering Event – Yahoo Finance
Meta Dog World Innovates Dog Racing Industry Through Initial NFT Offering Event – Yahoo Finance
/PRNewswire/ — HO CHI MINH CITY, Vietnam, June 9, 2022 — Meta Dog World, the blockchain race-to-earn non-fungible token (NFT) dog racing metaverse, is launching its maiden non-fungible token (NFT) sale, with the goal of digitising and gamifying the over 100-year-old sport. Meta Dog World is using the blockchain to revolutionise the industry.
The reality of the sport can result in dogs being raised in deplorable conditions, and racing can result in deadly injuries. There is also a growing concern for dogs' well-being after they have retired from racing.
By digitalizing race dogs as NFTs on the blockchain that can race-to-earn, Meta Dog World will ensure that the welfare of dogs and other animals traditionally involved in the sport is not jeopardised.
Meta Dog World fans will be able to enjoy multi-functional digital dog racing as part of its 1.0 web platform release on July 8. Users will begin nurturing, feeding, and caring for their dogs, as well as training them to improve their statistics and racing for a chance at the top prizes. Mechanics for trading and breeding are also incorporated into the process.
"We're planning to release version 1.1 on both mobile and web platforms in the third quarter of this year," said Founder and CEO Hoang Le, a former developer at Unity Technologies with over 10 years of expertise in game creation.
"We'll add even more detailed economic elements and provide players more chances to participate at different levels of the racing ecosystem." Let us all strive together to make dog racing a more popular spectator sport."
This will take the shape of dog services and supplies, with users being able to invest in numerous businesses and leave their mark in the metaverse. Expect to see the complexities of a supply and demand chain in action, as well as a full launch of the betting feature. Finally, through the metaverse, version 1.1 of Meta Dog World will take another step toward making dog racing into a safer, bigger, and more popular sport.
The betting function will allow users to race-to-earn and make the most of their passion, guided by complete transparency provided by the blockchain. It will be available only in areas where it is legalised and supported by licenced partners. The method for calculating a race's result will be implemented as a smart contract on the blockchain. Each race result will be a public transaction that can be viewed and understood by the public. He went on to say, "A truly practical use of blockchain technology into virtual sports betting."
Meta Dog World also hopes to introduce a variety of dog breeds, including non-race types like Shibas, Huskies, and Dachshunds, that will appeal to newcomers to the sport, promoting involvement from people of all walks of life and uniting dog enthusiasts all over the world.
"A portion of the proceeds will go to groups that work on dog welfare issues in particular and animal protection in general," said Hoang Le, the company's founder and CEO.
The Private round of Meta Dog World is currently open for funding of USD$1.8 million for 12% of the token share. There's a lot to look forward to in 2022, with a roadmap that includes community expansion, exchange listings, a mobile release, and an initial DEX launch, among other things.
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