The startup has developed a blockchain-based gaming platform that utilizes geolocation technology to enhance user engagement through location-specific gameplay. Players can trade non-fungible tokens representing avatars, virtual cars, and game items, enabling them to earn rewards while enjoying an augmented reality gaming experience.
Funding
$28M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional gaming models often limit players to earning value only within the game, restricting their ability to monetize achievements outside the game environment. This creates a one-sided value distribution where developers benefit from user engagement, but players have limited opportunities to generate tangible returns from their efforts.
Solution
MetaTrace is a blockchain-based, augmented reality mobile game that empowers players to build a crypto empire by collecting digital assets in the real world. Players explore a virtual world overlaid on their physical surroundings, collecting in-game NFTs such as cars, pets ("Cypets"), and towns. These NFTs can be traded on the Trace Market, allowing players to monetize their in-game progress and achievements. The game utilizes two tokens: TRC, a governance token used for transactions and in-game purchases, and ACE, a utility token. MetaTrace aims to create a player-owned economy where users can generate value, own their digital assets, and validate ownership through blockchain technology.
Target Audience
MetaTrace targets both traditional gamers interested in exploring blockchain gaming and cryptocurrency enthusiasts seeking engaging ways to earn and utilize digital assets.
Features
- Augmented reality gameplay that integrates the virtual world with the player's real-world environment
- NFT-based assets, including cars, Cypets, towns, and parts, that can be collected, traded, and upgraded
- Trace Wallet for secure storage and management of in-game crypto assets
- Trace Market, a dedicated NFT marketplace for trading MetaTrace assets
- TRC governance token for in-game transactions, marketplace trading, and governance participation
- Cypet battles, territory capture, and city-building game mechanics
- Invite-to-earn program that rewards players for expanding the MetaTrace community
- EcoTrace initiative that combines interactive technologies with environmental care