It is not that common to discover a new kid on the cryptocurrency block that is offering something completely unique, but it does seem as if Cryptocarz is able to offer just that. So, in what way is this project different from anything else that has gone before it?
https://cryptocarz.io

What is Cryptocarz?

Basically, Cryptocarz is a project that is seeking to offer a VR racing game that is both multiplayer and is set on the blockchain. They state that players are going to be in a position whereby they can create their own cars to then drive on selected tracks, which is certainly rather different from what you may be used to experiencing.

The platform and game also comes with a garage where there are different kits and additional parts that you can use to improve your car putting you in absolute control of every aspect from the outset. Also, they claim that players will be given access to cars that are limited edition which can then be stored as a kind of collectible in the garage itself.

But then, what use is having a collectible if nobody can see it, which is why Cryptocarz has created a virtual showroom where you can invite people to come and check out what you have hidden away, so you can share with anybody you want.

However, the main reason for being on this platform has to be the racing aspect and there are different ways in which this can happen. The sad part is that aside from these few points, there is relatively little information available but that will change in the future.

The Technical Aspect of Cryptocarz

The first thing to mention is that the entire project has been built on the Ethereum platform, and this is certainly the best platform due to its stability along with the way in which it is easier to scale the entire project without the core areas being put under undue stress.

The idea of using this platform is that it then forms the basis of allowing individuals to both buy and sell cars between one another, and that is where the digital currency is also going to come into play. Each model is only going to have a set number created with it then never being re-released in the future.

They also state that each car is then going to have its own Smart Contract related to it, and this is unique and unable to be altered at any point. Furthermore, the different models owned by an individual are then effectively stored in their digital wallet with it being lodged as an ERC721 token which also has just an intrinsic value related to it.

One additional point to make is that you are only able to take part in races if you either hire or own a car. You are then free to participate in leagues or tournaments and you then access them by going to the official website for the project.

Overall, perhaps the best part about all of this is that the project has been created by a combination of companies. You not only have a company that is heavily invested in blockchain technology, but also gaming and virtual reality giving a pretty good balance of skills.

The Advantages of Cryptocarz

To be honest, the advantages associated with the project has to be primarily related to the way the game itself works. This is about more than just your racing ability as it also involves building the correct car and improving on the kits as they are released. The blockchain aspect is easy to understand since you simply use it to store data of your cars and history, which is hardly new in a technical sense but it is pretty cool to have them using this approach within the game.

The Financial Aspect and the ICO

The problem with the financial side of things is that there is no information at this moment in time. That is because this project is truly in its infancy and even though they have released details on the number of units related to each model, there is nothing out there about the ICO or even what the exchange rate will be per token.

All we can say is that at the outset there will be 20 models and 650 units of each model. You need to purchase the ERC721 NFT to own one which is where the value of the tokens are going to come into play.

Overall Conclusion About Cryptocarz and the ICO

Even though there is relatively little information out there about Cryptocarz so far, there is enough for us to draw a few conclusions as to what the potential could be for this project. The fact that they are attempting to get into the world of digital gaming is a good move considering how it is a massive industry, so combining that with virtual reality technology and the blockchain does come across as being rather prudent in its approach.

As is always the case, the difficulty is in tempting enough people to sign up, but the way in which people can largely build their own units and upgrade them, as well as the collectors side of things, will make it interesting enough for them to get people to sign up. Of course, knowing the potential future of the project will be easier to determine once more details come out regarding the financial side of things and the value of the tokens.

So, what do you think about investing in this project? Well, clearly you need to just hold fire a bit longer until more details come out but there’s no doubt that it does have real potential because who hates racing games? The rarity value of the cars does help so getting in at the outset may be a wise move due to the potential value increasing as the entire platform and game becomes more popular over time. Also, at least you get to be involved in the racing as you wait for your investment to grow.

Website: https://cryptocarz.io
Bounty thread: https://bitcointalk.org/index.php?topic=3406762.0
Telegram: https://t.me/cryptocarz
ANN Thread: https://bitcointalk.org/index.php?topic=3405109.0