Supported by OKX Blockdream Ventures and the Tachyon accelerator from Consensys Mesh, RACA specializes in providing web 3.0 infrastructure solutions.
In July 2021, RACA introduced its first web 3.0 product—a collection of NFTs in the profile picture style—for Maye Musk, Elon Musk's mother.
In 2021, RACA generated $142 million in revenue from NFT releases.
The RACA NFT marketplace was launched in September 2021, and in under seven months, it saw a trading volume exceeding 682 billion RACA by April 6, 2022. This was equivalent to about $1.3 billion in trading volume based on the RACA price at that time.
Within Metamon Island on the BNB and ETH chains, there's an NFT marketplace. During March 2022, this marketplace achieved a trading volume of 3 billion RACA, roughly translating to $60 million. Around 500,000 Metamon game characters have been introduced, participating in about 1.2 billion battles over the past six months as of April 6.
We boast the largest 3D metaverse on the BNBChain and ETH, known as the United States of Mars (USM), which launched in December 2021. We attracted over 30,000 registered wallet users within just 30 days in March 2022.
RACA has built a community with more than 20 language groups, 660,000 Twitter followers, 510,000 Telegram members, and 90,000 Discord members.
What is RACA?
RACA (RACA) is a notable entity within the Web 3.0 domain, recognized for its influential presence in the Metaverse on the BNB Chain. Serving as a cryptocurrency, RACA is vital to the Radio Caca ecosystem, acting as a token for the Crypto 'dApp Store' featuring AI Apps and Games, and is associated with the 'Elon Musk's Mother & Koda NFT' community. RACA's journey commenced in July 2021 with the launch of profile picture NFTs for Maye Musk, marking its entry into the NFT market. This initiative resulted in $142 million in revenue from NFT sales that year.
The RACA NFT marketplace, which began in September 2021, quickly grew, achieving a trading volume of over 682 billion RACA by April of the following year. Metamon Island, a component of the ecosystem, offers an NFT marketplace on the BNB and ETH chains, with active trading. RACA's extensively large 3D Metaverse, the United States of Mars (USM), debuted in December 2021, enhancing its footprint and drawing in more than 30,000 registered wallet users in just a month.
With support from OKX Blockdream Ventures and the Tachyon accelerator by Consensys Mesh, RACA continues to broaden its reach, backed by a large community spread across numerous platforms like Twitter, Telegram, and Discord.
What is the technology behind RACA?
The technology that powers RACA (RACA) is deeply entrenched in the advancements of Web 3.0, a transformative stage of the internet focused on decentralization, empowering users, and enhancing digital interactions. Fundamentally, RACA relies on blockchain technology, which is essential for maintaining security, transparency, and immutability. This blockchain foundation plays a critical role in safeguarding against attacks from malicious entities by using a decentralized network of nodes that authenticate and record transactions. Each transaction is encrypted and connected to the one before it, creating a chain that is nearly impossible to modify without the agreement of most network participants.
RACA's scope extends beyond traditional uses of cryptocurrency, venturing into NFTs (Non-Fungible Tokens) and gaming. This is highlighted by a significant $16 million investment from DWF Labs aimed at expanding its ecosystem. The NFT marketplace launched by RACA in September 2021 demonstrates its dedication to digital collectibles, with notable trading volumes showcasing its popularity and functionality. This marketplace is integrated within Metamon Island, operating on both BNB and ETH chains, facilitating smooth trading of game-related NFTs. This setup allows users to interact with over 500,000 Metamon game characters, which have participated in approximately 1.2 billion battles, highlighting the active nature of the ecosystem.
The RACA USM Metaverse, known as the United States of Mars (USM), marks a considerable leap in virtual reality experiences. Launched in December 2021, it stands as one of the largest 3D metaverses on both the BNBChain and ETH networks. This vast digital world lets users explore, engage, and create in a decentralized setting, attracting over 30,000 registered wallet users within 30 days of its launch. The metaverse serves as both a playground for digital exploration and a center for economic activity, where users can trade NFTs and participate in various virtual experiences.
Strategic partnerships and backing from significant entities like OKX Blockdream Ventures and the Tachyon accelerator by Consensys Mesh bolster RACA's technological capabilities. These collaborations provide RACA with the resources and expertise needed to innovate and grow its offerings in the Web 3.0 realm. The introduction of profile picture NFTs for Maye Musk in July 2021 marked RACA's initial move into the NFT arena, generating substantial revenue and paving the way for future developments.
RACA's blockchain security features are complemented by its active community interaction across several platforms, including Twitter, Telegram, and Discord. With a diverse community that communicates in over 20 languages, RACA ensures its technological innovations are accessible and inclusive, fostering a global network of users who contribute to its dynamic ecosystem. This community-driven strategy not only enhances security through widespread participation but also spurs innovation as users actively engage with and influence the platform's development.
What are the real-world applications of RACA?
RACA, a cryptocurrency known as RACA, is carving out a niche in the digital realm by offering a range of practical applications. As a utility token, RACA plays a crucial role within the blockchain ecosystem, particularly in gaming and NFTs. One of its key applications is in the gaming sector, where it introduces decentralized revenue models. This approach allows both gamers and developers to share in profits more equitably, enhancing the overall gaming experience and driving innovation.
Another prominent area where RACA excels is in its NFT marketplace. Launched in September 2021, this platform quickly gained momentum, reaching a trading volume of more than 682 billion RACA within just seven months. It enables users to buy, sell, and trade digital assets, creating a space for both creators and collectors to engage and transact. This marketplace is part of Metamon Island, a virtual environment on the BNB and ETH chains, where players can interact with game characters and participate in combat.
RACA's involvement in the metaverse is highlighted by the United States of Mars (USM), a 3D virtual world on the BNBChain and ETH. This expansive digital landscape allows users to explore, build, and interact within a decentralized environment, quickly attracting a substantial user base after launch. The metaverse functions as a center for social interaction, commerce, and entertainment, all powered by RACA.
RACA has also partnered with AI projects, contributing resources and expertise to foster technological advancements. This collaboration underlines RACA's commitment to incorporating cutting-edge technology into its products. Furthermore, RACA's integration of NFTs with major brands illustrates its adaptability and potential for broad adoption. Through these applications, RACA is establishing itself in the ever-changing digital space, providing users with a versatile platform for innovation and engagement.
What key events have there been for RACA?
RACA, a cryptocurrency that has evolved into a comprehensive web3.0 gaming ecosystem, has made significant progress in the blockchain arena. Its journey began with the release of its first web 3.0 product in July 2021, a collection of profile picture NFTs for Maye Musk. This initial step marked RACA's entry into the NFT world, which would become a foundational element of its ecosystem.
In September 2021, RACA introduced its NFT marketplace, swiftly becoming a focal point for digital asset trading. By April 2022, the marketplace had reached a trading volume surpassing 682 billion RACA, roughly $1.3 billion at the time. This rapid expansion underscored the marketplace's impact in the NFT sector.
In December 2021, RACA launched the United States of Mars (USM), its vast 3D metaverse on the BNBChain and Ethereum networks. Within just 30 days, USM had attracted over 30,000 registered wallet users, highlighting its appeal and the rising interest in metaverse initiatives.
RACA's NFT integration extended to gaming with Metamon Island, where an NFT marketplace operates on BNB and ETH chains. In March 2022, the platform's trading volume hit 3 billion RACA, amounting to about $60 million. The Metamon game itself introduced 500,000 game characters, engaged in around 1.2 billion battles over six months, showcasing the robust activity within the ecosystem.
The cryptocurrency has also established strategic partnerships to strengthen its ecosystem. Collaborations with AI projects aim to enhance the DeFi landscape, while alliances with companies like DWF Labs, OKX Blockdream Ventures, and Consensys Mesh have provided significant investment and support. These partnerships have been crucial in RACA's evolution as a web 3.0 infrastructure solution provider.
RACA's dedication to developing a robust metaverse and integrating decentralized finance, NFTs, and play-to-earn gaming is evident through its various initiatives. The native token, RACA, plays a vital role in governance and virtual gameplay, further embedding itself within the ecosystem.
RACA's community is vast, with more than 20 language groups and a strong presence on social media platforms, including 660,000 Twitter followers, 510,000 Telegram members, and 90,000 Discord members. This widespread engagement reflects the project's global impact and the interest it has sparked in the blockchain community.
RACA's journey is marked by its innovative approach to web3.0, leveraging blockchain technology to create a dynamic and interactive digital environment. The integration of NFTs, gaming, and metaverse elements continues to propel its growth, positioning RACA as a significant force in the cryptocurrency and blockchain arena.
Who are the founders of RACA?
RACA (RACA), a key player in the web 3.0 infrastructure arena, was established in May 2021 by Californian entrepreneur Jeff Watney. Watney, who acts as the CEO, is recognized for developing the French Family Membership NFT. Additionally, rapper French Montana and Justin Sun were involved in RACA's founding. The project rapidly gained momentum, with backing from OKX Blockdream Ventures and the Tachyon accelerator by Consensys Mesh. RACA's initiatives include a thriving NFT marketplace and the expansive United States of Mars (USM) Metaverse, showcasing its innovative approach in the blockchain sector.