Continuing our series of posts on failed auto racing projects. RaceFi uses blockchain technology and NFT mechanics. This project has suffered a sad fate in terms of economics and losses due to the depreciation of the native token. The analytical status of the project is quite deplorable and deserves only 2 points out of 5.
RaceFi boasts a substantial social media presence with over 90,000 followers. The project already has a completed product and potential for improvement, notably through the integration of Unreal Engine 5. RaceFi's Twitter score is meager at 7, but its token value plummeted to -99.74%, marking a significant setback.
The project managed to secure $3.4 million in investments from notable funds, including Genblock, Shama, Solar, EnjinStarter, x21, Magnus, Titans, ZBS, IDOResearch, and others.
Website: https://racefi.io/ Twitter: https://twitter.com/racefi_io Fundraising: https://cryptorank.io/ico/racefi Show Less
