The top drone racing league uses popular altcoin project Algorand (ALGO) for their NFT startups. Combining blockchain with drone racing is a hit for the league’s “tech-set” fans who are open-minded to new forms of entertainment and are 40x more likely to follow crypto social media and engage with them than the general population. The partnership had a positive impact on Algorand prices, with the altcoin trading around $2.02 at the time of writing. Detail cryptocoin.com‘in.
Altcoin and drone partnership
Top professional drone racing organization Drone Racing League announced yesterday a long-term partnership relationship with Algorand (ALGO), a high-speed Blockchain platform that supports smart contracts.
World-renowned for cutting-edge technology, immersive sports entertainment and exciting, high-speed drone racing, DRL will bring the next generation of fan experiences to life on the Algorand Blockchain. DRL will unveil Blockchain-enabled ticketing, collectibles, fan transactions, and NFTs on Algorand. It will invite crypto developers, programmers and coders to Algorand hackathon events at DRL races around the world. DRL President Rachel Jacobson says:
Algorand shares our values of speed, innovation and inclusivity. As the largest partnership in DRL’s history, we have ambitious plans to deliver a unique sports experience. We are incredibly excited about how this partnership will change the game for sports and technology fans and the blockchain community worldwide.
Steve Kokinos, CEO of Algorand, also said:
Algorand and Drone Racing League are the most technically advanced, disruptive and visionary organizations in Blockchain and sports respectively. We are excited that DRL will leverage Algorand’s technology to create immersive in-game experiences and introduce to millions of tech enthusiasts the possibilities Blockchain can bring to the racing and sport we know today.
long term partnership
Over the next five years, Algorand will hold the title rights to the DRL World Championship organization, DRL will develop a series of Digital Drone Racing embedded in Algorand’s Blockchain network, and companies will showcase the power of the Algorand Blockchain through DRL’s broadcast, social and gaming. Excel Sports Management’s Features section helped secure the historic, multi-year deal. Algorand is building the technology to power Future of Finance (FutureFi), the merging of traditional and decentralized models into an inclusive, seamless and secure unified system. It was founded by Turing Award-winning cryptographer Silvio Micali. The protocol offers the interoperability and capacity to handle the throughput required for defi, financial institutions and governments to seamlessly transition to ‘FutureFi’.
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