As part of the Tachyon Accelerator, OKX Blockdream Ventures and ConsenSys Ventures have invested in Radio Caca.
Radio Caca (RACA) is a decentralized autonomous organization (DAO) that has teamed with leading institutions across the world to create a metaverse for students to study and play in. The United States of Mars (USM) metaverse, a nonfungible token (NFT) marketplace, and a play-to-earn (P2E) game called Metamon are all part of its blockchain ecosystem, which is powered by its native currency RACA.
RACA was one of the top 20 metaverse tokens on CoinMarketCap at the time of publication, with a market capitalization of $327 million. The USM metaverse’s governance token, RACA, is based on the BNB Chain, formerly known as Binance Smart Chain, and is linked to Ether (ETH) and OEC.
The three-month-old USM metaverse, according to Wolfgang Morton, RACA’s Head of Investor Relations, is a 3D world where users may own property, build homes, play micro games, and socialise. Unlike other metaverses with “high barriers to entry,” such as Decentraland or The Sandbox, USM aims to stay accessible and inclusive, according to Morton.
“Our goal is to reclaim the Metaverse for the people.” We achieve this by maintaining cheap land prices. We want to make sure that the USM allows people to be a part of it by giving them ownership.”
The RACA team teamed with over a dozen academic blockchain societies from some of the world’s most famous universities, including Cambridge University and Princeton University, to assist establish and develop their metaverse. This relationship, according to the Princeton Blockchain Society, gives a “opportunity to engage and promote the abilities of the students.”
The USM #Metaverse continues its rapid global expansion 🔥🔥
The BEST universities in the world are partnering with us to transform real-world events, #education, & promote #blockchain technology 🚀
Join us. Together, we are building THE FUTURE. #RACA #NFT @USMverse @JazChain pic.twitter.com/nTZHe7BHrI
— Radio Caca (@RadioCacaNFT) February 23, 2022
According to Fuming, RACA’s Head of Business Development, the company provides free land to blockchain societies and developers to establish a virtual campus on it for students to attend lectures, ceremonies, and vacations. The idea is that the land will generate future financial flow that can be used to fund blockchain education at those institutions.
The RACA team hopes that as online education becomes more standardized, the USM can become a place where students can “congregate and share knowledge while contributing to the growth of the Web3 space,” and where they can “congregate and share knowledge while contributing to the growth of the Web3 space.”
In Turkey, where RACA has worked with three universities, the blockchain societies from Istanbul Technical University and Middle East Technical University aim to hold blockchain classes at USM next semester, according to Fuming. The success of RACA in Turkey may be attributable to Turkish crypto influencers such as the Kripto Teknik team boosting the coin. RACA was one of the top five trending cryptocurrencies in Turkey at the time of writing, according to CoinGecko.
In addition, Radio Caca is the sole manager of Maye Musk’s NFT series and her partnership with Koda Robot Dog, Elon Musk’s mother.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.