CryptoCarz Combines VR with Ethereum-Based Assets – The Merkle

There is growing interest in issuing assets on the blockchain. Projects such as CryptoKitties have shown the world how powerful this business model can be. It now seems CryptoCarz is trying to achieve the same goal, as they want to offer the world’s first blockchain-enabled VR racing experience. Combining distributed ledgers with virtual reality will undoubtedly have some interesting consequences.

Can CryptoCarz Succeed in the Long Run?

While one can only marvel at the power of blockchain-based assets, there is a question as to how viable this business model really is. Although anyone and everyone can issue new blockchain assets as they see fit, not every project will succeed. CryptoKitties is a great example of a project with a lot of initial hype which was rekindled a few times, but still isn’t on that many people’s radar.

Whether or not CryptoCarz will meet a similar fate remains to be determined. The team wants to take blockchain assets one step further…