Hillrise Ventures Announces Investment in DeRace
DeRace is bringing horse racing into the digital age by combining a traditional sport with blockchain-enabled gaming through a platform that caters not just to horse racers (owners), but all stakeholders in the sport — like hippodrome operators and spectators alike.
Players can access horse customization and breeding via NFTs, while hippodrome owners can also manage races and set the parameters for entrants and betting — fostering an environment for an incentivized community and userbase.
DeRace’s token DERC will be the fuel for the ecosystem and primary currency of exchange, meaning that any format of payment entering the platform will automatically and transparently be exchanged for DERC—ensuring velocity and volume for the token. The token will be used for all purchases — be that NFTs, wagers and more.
“Blockchain technology and the legacy gaming industry are both experiencing significant growth in their own right. However, together we see a momentous convergence of these two as blockchain-enabled and incentivized gaming continues to flourish. We have been enthusiastic supporters of the gaming niche over the past 12 months and are excited to be supporting DeRace.”
Daniel Dal Bello, Director of Hillrise Group
“We are excited to have Hillrise Ventures back DeRace to grow the NFT horse racing ecosystem. We are thankful for their support not only just as a capital but also other areas of our strategic operations. The Hillrise team brings a strong expertise in the crypto-world together with a great support to grow our community.”
Adomas Juodišius, CEO of DeRace
Hillrise Group supports ambitious Web3 startups with early-stage venture capital and fundamental research.