Heralded by many as the "sport of the future," Drone Racing League continues to live up to the moniker by announcing a multi-year partnership with blockchain platform Algorand. The Drone Racing League and Algorand are technologically advanced, disruptive, and visionary blockchain and sports organizations, respectively. The Drone-Racing-League has signed the biggest sponsorship contract thereof with Algorand (a cryptocurrency platform) up till now. Conde Nast. The exact terms of the deal were not shared. The Drone Racing League (DRL) has announced a partnership deal with blockchain technologies company Algorand. The Drone Racing League plans to tap Algorand's blockchain network for various initiatives, including ticketing and NFTs. The Drone Racing League, the world's premier, professional drone racing property, announced today a massive expansion of their global footprint and fandom as the league wrapped their 2021-22 DRL World Algorand Championship Season yesterday on NBC and Twitter. DRL today announced a partnership with Playground Labs, a New-York based developer of blockchain, metaverse and. The drone racing series will also build a Digital Drone Racing championship into Algorand's network. Designed from the ground up to use less energy than ethereum (another PoW network) during the consensus process, Algorand's environmental footprint, or lack thereof, could turn out to be a selling point for Drone Racing League's Gen-Z target audience. The talented DRL racers are also the stars of the "Why I . Marking the finale of the 2021-22 Drone Racing League Algorand World Championship Season, the DRL Vegas Championship Race Presented by T-Mobile, is the culmination of 14-levels of the most competitive drone racing, where the world's best drone pilots compete for the coveted World Champion title outside T-Mobile Arena in Las Vegas. DRL today announced a partnership with Playground Labs, a New York-based developer of blockchain, metaverse and web3 games. Presented by longtime partner T-Mobile, the DRL Vegas Championship Race will . The "powered by technology" part of the Drone Racing League is now going crypto, too. Drone Racing League (DRL) and Web 3 game developer Playground Labs have tapped Algorand's blockchain to create the first play-to-earn . Building the infrastructure of the metaverse. The famous Drone Racing League or better known as the DRL, which is based out of New York, recently announced that they had struck a major sponsorship agreement that spans across five years, with the popular crypto platform known as Algorand and that too for a staggering $100 million. #ALGO #droneraceleague #drl #drones #gaming #DeFi #blockchain #innovation #invest #crypto #cryptocurrency #bitcoin #cardano #ethereum #convincingcrypto #investment #altcoin #ada #finance #sustainable # . Algorand's drone racing . It has been stated in the announcement that during the time of upcoming five years, the . Marking the finale of the 2021-22 Drone Racing League Algorand World Championship Season, the DRL Vegas Championship Race Presented by T-Mobile, is the culmination of 14-levels of the most competitive drone racing, where the world's best drone pilots compete for the coveted World Champion title outside T-Mobile Arena in Las Vegas. Subscribe to our daily newsletter Understand the markets in just 5 minutes By Ben Strack / September 14, 2021, 6:00 am EDT . Algorand. Earlier today, a report disclosed this news, noting that this partnership involves a five-year deal worth $100 million (£71.92 million). Coinbase NFT is Coinbase's web3 social media hub and . The Drone Race League (DRL) will leverage Algorand's blockchain technology to disrupt the sports and gaming world! DRL partnered with DEPT® to launch a series of NFT collectibles by building a branded platform on the Algorand blockchain, making . Additionally, token-based governance (i.e. More Topics . The Drone Racing League and Algorand Partner to Disrupt Sports and Gaming With Blockchain as the 2021-22 DRL World Championship Season Launches on NBC and Twitter Groundbreaking announcement comes. Drone Racing League. It will be hosted on the Algorand blockchain, already a major DRL sponsor. Scheduled for the opening night of the largest global tech conference, CES 2022, the "Super Bowl" of drone racing will take place on a thrilling outdoor course. The Drone Racing League The Drone Racing League, the world's premier professional drone racing property, and Algorand, the leading high performance blockchain platform, have partnered to bring to life next generation fan experiences on the Algorand blockchain. Also, Algorand, another crypto blockchain out there throwing $100 million into the naming rights for the title over at the Drone Racing League, which is by itself been growing quite impressively. Subscribe. "We'll develop tokens that give fans a voice in the evolution of the league—from decisions on how the sport is played to new experiences in-arena," Jacobson said. Manny took 2nd in his first DRL race as a backup pilot. Read in Full: www.forbes.com. New York-based Drone Racing League landed its most significant sponsorship agreement to date with cryptocurrency platform Algorand, the company said on Tuesday. The precise footings of this promised contract were not distributed. Millions of fans watch the best drone pilots in the world compete in high-speed, highly competitive races broadcast on NBC, Twitter, and other international sports networks. TikTok video from DRL (@droneracingleague): "Can't stop watching this @mannyhimself #drl #algorand". The pact between the two companies marks the largest partnership ever for the DRL, now in its sixth season. The details for the game itself have yet to be determined - a representative from DRL told CoinDesk it will look to its community . The "powered by technology" part of the Drone Racing League is now going crypto, too. Together, DRL and Playground Labs will build a virtual version of the Drone Race League on Algorand, an open source blockchain. The . Algorand's PoS blockchain will host the play-to-earn, digital version of DRL, targeted at a young audience of drone enthusiasts, video gamers, crypto-heads — and Gen-Z environmentalists. These two teams said they would launch the first in-game money-making game using DRL in their virtual world on the Algorand blockchain . 94. original sound. One of the most vivid lessons that the sports . "We want to advance the cutting-edge sport of high-speed . Feb 14, 2022 in Crypto News, Algorand (ALGO) Drone Racing League (DRL) has announced a partnership with Playground Labs to deliver the first play-to-earn virtual drone competition. By developing decentralized autonomous organizations (DAOs) and play-to-earn gaming products within the virtual world, Playground Labs builds next-generation infrastructure for the metaverse economy and enables everyone to generate . And for more on that partnership, want to bring on Nicholas Horbaczewski, the CEO and founder of the Drone Racing League joins us once again here. A source familiar with the deal said Algorand agreed to pay $100 million over five years for a tie-up that stretches from title sponsorship to metaverse gaming. The $100m (£72m) sponsorship deal with DRL will run for . All Rights Reserved | Personal Data and Privacy Policies. League's mix . As a leading tech-enabled sport widely regarded for disrupting the sports industry, DRL's scale underscores how technology-based […] Associate Publisher, Marketing. The . New York-based Drone Racing League landed its most significant sponsorship agreement to date with cryptocurrency platform Algorand, the company said Tuesday. Algorand | The Drone Racing League DRL on the Algorand Blockchain Algorand, the leading high performance blockchain platform, and DRL will transform sports and gaming through blockchain-based technology. During the 2021-22 DRL Algorand World Championship Season, the world's best drone pilots raced high-speed drones in spectacular courses across all dimensions. The Drone Racing League (DRL) is the world's premier professional drone racing property. DRL and Algorand signed a five-year, $ 100 million partnership; the largest in DRL history. The "tech-powered" portion of the Drone Racing League is also moving to crypto. The elite pilots aimed to dominate 14 Levels of racing through iconic sports arenas and DRL SIM virtual maps to be crowned the World Champion. Gianna discusses what drone racing is and how DRL will be using Algorand. voting) is in the works. Reportedly, Excel Sports Management negotiated this deal with Algorand. Together, the partners are launching DRL Labs, a new innovation hub that will research and develop original, state-of-the-art drone and sensing technologies. When he is not on the Flight Deck, he's saving people's lives as an EMT and a firefighter. 2.6K Likes, 16 Comments. The league has plans to introduce crypto-powered ticketing . DRL's first P2E game on the Algorand blockchain . EMAIL NEWSLETTER Categories: MetaVerse NFT Marketplace Social Media Wallets Sports & Gaming Play-to-Earn DRL is a first-person-view racing. DRL partners with Playground Labs Ongoing Algorand partnership About DRL About Playground Labs DRL doubles its 2021-22 Season viewership-reach and global fanbase as technology becomes the new . | Playground Labs brings digital productivity to life in the metaverse. The talented DRL racers are also the stars of the "Why I . The Drone Racing League (DRL) has inked a five-year partnership with blockchain technology company Algorand, with sources telling Boardroom that the deal is worth $100 million. The company was established in 2017 and, at present, is valued . Algorand Partners with Drone Racing League. The DRL describes itself as "the global, professional drone racing property for elite pilots", where competitors pilot their drones through virtual international locations at speeds of 80mph.. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and . "We'll develop tokens that give fans a voice in the evolution of the league—from decisions on how the sport is played to new experiences in-arena," Jacobson said. Long-time drone manufacturer Draganfly recently announced a multi-year partnership with the Drone Racing League (DRL), the world's premier professional drone-racing property. The news of the new blockchain-based game that the Drone Racing League is going to release, came just on the heels of the completion of the finals of the Drone Racing League Algorand World Championship season. Considered by many to be the "sport of the future," Drone Racing League continues to live up to its moniker by announcing a multi-year partnership with the Algorand blockchain platform. Coinbase Launches NFT Marketplace, Stock Market Doesn't Care . New York-based Drone Racing League (DRL) has bagged a five-year sponsorship deal, reportedly worth $100 million, with crypto platform Algorand. According to a press release from the league, the deal is worth $100 million over the next five years. Drone Racing League (DRL) and Web 3 game developer Playground Labs have tapped Algorand's blockchain to create the first play-to-earn drone game in the metaverse, announced by the league on Wednesday. Layer-1 protocol Algorand and the Drone Racing League (DRL) announced a long-term partnership on Tuesday that is expected to lead to next-generation fan experiences on the blockchain and bring decentralized gaming applications to DRL. Commenting on the partnership, Rachel Jacobson, DRL President, said, "The Drone Racing League's global, tech-obsessed fans love that our sport constantly evolves, and blockchain was the next ground-breaking technology in our sights." The company started in 2017 and is now valued at $200 million, according to PitchBook. With Algorand's blockchain network, DRL will create a Digital Drone Racing series, and the companies will demonstrate the scope of Algorand's blockchain network through DRL's broadcast, social, and gaming channels. The pact between the two companies marks the largest partnership ever for the DRL, now in its sixth season. The news comes amid crypto companies seeking out alliances in the sports realm. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. Shiba Inu, Algorand, MANA Price Analysis: 04 January . DRL partnered with DEPT® to launch a series of NFT collectibles by building a branded platform on the Algorand blockchain, making . DRL today announced a partnership with Playground Labs, a New York-based developer of blockchain, metaverse and web3 games. Marking the finale of the 2021-22 Drone Racing League Algorand World Championship Season, the DRL Vegas Championship Race Presented by T-Mobile, is the culmination of 14-levels of the most . Additionally, token-based governance (i.e. The virtual element - the crypto game . Deal to lead to next-generation fan experiences on the blockchain. DRL is a first-person-view racing league where drone pilots race devices through neon-lit courses and compete for prize money. Get the short weekly email that makes keeping up with crypto easy. A money-making crypto sports game on the Algorand blockchain in partnership with Playground Labs, a Web 3 game developer from crypto investment fund Hivemind. Competitive drone racing is joining the play-to-earn party. The Drone Racing League has announced a massive expansion of their global footprint and fandom as the league wrapped their 2021-22 DRL World Algorand Championship Season yesterday on NBC and Twitter. The news of the game came right after the finals of the Drone Racing League Algorand World Championship's sixth season. Powerful partnerships. Professional drone racing property Drone Racing League (DRL) is taking the final race of the 2021-22 DRL Algorand World Championship Season to Las Vegas. Many believed that drone racing was just a fad for backyard hobbyists. September 15, 2021: -On Tuesday, New York-based Drone Racing League landed its most significant sponsorship agreement to date with cryptocurrency platform Algorand, the company said. 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