YEREVAN (CoinChapter.com) — Photo Finish, a Solana GameFi project, saw inflows at $2 million in USDC in the previous month. According to the research team at K33, the virtual Derby has seen increased user attention.
Let’s look deeper into Photo Finish and what the Gamefi project on Solana offers its users.
Photo Finish: A Solana-Based Web3 Horseracing Game
GameFi project Photo Finish, officially linked with The Kentucky Derby, offers a virtual world of NFT horse racing. Players begin with a free horse and can expand their stables by purchasing more horses. Each horse’s unique genetic makeup affects its racing performance, adding a layer of strategy to the game.
The game incorporates two in-game currencies: $DERBY for in-game transactions, pegged to a stablecoin, and $CROWN for staking on race tracks, earning real yield in a stable currency.
Photo Finish Market and Tokenomics
The global horse racing market, valued at around $400 billion as of 2022, is projected to nearly double by 2030. Photo Finish Solana project taps into this massive market with its blockchain-based approach. The game’s native token, $CROWN, has a defined emission schedule and allocation plan. It offers a real yield from the game’s activities, a unique proposition in the GameFi space.
NFT Marketplace and Racing on the Web3 game
In Photo Finish, each horse is an NFT with specific attributes and preferences, impacting its race performance. Players can make money through the NFT marketplace by trading, breeding, and racing horses. The racing aspect of the game involves strategy and skill, as each horse has preferences for different types of race tracks.
Compared to other crypto games like Axie Infinity, Photo Finish presents a more sustainable model and “real yield in a stable currency.” The game’s success hinges on its fun factor, strong backing, and potential for spectator wagering. However, it’s essential to acknowledge the high-risk nature of such investments in the volatile crypto market.
