Systems such as blockchains are attractive to many developers because they mean that costs and infrastructure are diverse, so there is no single point of failure. Some virtual reality (VR) and augmented reality (AR) projects have begun to take advantage of this, and CryptoCarz also uses blockchain technology to combine with VR.
Blockchain Studios is developing a multiplayer immersive VR racing experience where users can use the Ethereum blockchain to buy or rent virtual cars and then compete according to their preferences.
The first models launched have 20 models, each representing the top cryptocurrency. Each model will have a maximum availability of 650 virtual vehicles, which is encoded, so a copy cannot be created in the future. Every car has its own strengths and weaknesses.
Daniele Sileri, CEO and co-founder of Blockchain Studios, said: "Password encryption is the first platform to integrate blockchain, VR and gaming technology. By providing gamers with visualization, ownership, and adjustment. With the new options for racing, we believe that a new era in the field of games has arrived.
These cars will initially be available through a series of online auctions through the official cryptographic car website. Encrypted vehicles exist in the blockchain as an irreplaceable token for future trading. Once purchased, the vehicle will be stored in the owner's password wallet to show ownership.
Blockchain plans to introduce a dedicated CryptoCarz market in the future that allows users to trade vehicles in the secondary market so that users can become dealers and racers.
The first CryptoCarz auction will be held in June 2018. Further information can be found on the official CryptoCarz website.
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