Derace
Derace is a decentralized blockchain platform founded in 2021 in Estonia that enables users to own, race, and bet on digital horses represented as NFTs, serving crypto-native gaming and digital collectibles enthusiasts.
- Company typePrivate
- Founded2021
- HeadquartersPärnu, Estonia
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
Derace firmographics
Firmographics- Name
- Derace
- Website
- https://derace.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Derace is a decentralized blockchain platform founded in 2021 in Estonia that enables users to own, race, and bet on digital horses represented as NFTs, serving crypto-native gaming and digital collectibles enthusiasts.
- Ownership category
- akta.pro rank
Derace industry classification
Industry- Product category
- Blockchain Gaming
- NAICS
- Gambling Industries (7132), Other Gambling Industries (713290), Securities and Commodity Exchanges (52321), Horses and Other Equine Production (11292)
- SIC
- Services-Racing, Including Track Operation (7948), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Racehorse Ownership, Syndication & Investment Platforms (MPAEADAG)
- akta.pro secondary industries
- Gaming NFTs & In-Game Asset Marketplaces (FSADANAF), Sports NFTs & Collectibles Marketplaces (FSADANAH), Peer-to-Peer Horse Racing & Pari-Mutuel Exchanges (MPAEAIAB)
Keywords
Where Derace is headquartered
LocationHeadquarters
- HQ city
- Pärnu
- HQ country
- Estonia
- HQ region
- Europe
Markets served
Derace business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure
Derace product offering
Product offeringCore offering
Derace operates a decentralized NFT horse racing and betting platform built on blockchain technology. Users can acquire, breed, train, and race digital horses represented as non-fungible tokens (NFTs) and place wagers on race outcomes. The platform combines play-to-earn gaming mechanics with decentralized wagering, enabling peer-to-peer trading of NFT racehorses within the Derace ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- Derace NFT Horse Racing Platform Decentralized online platform where users acquire, breed, train, and race digital horses represented as NFTs, and place bets on race outcomes. Designed for crypto-native individual users seeking play-to-earn blockchain gaming and transparent decentralized wagering.
Companies that use Derace
Customer profileIdeal customer profiles1 record
Derace technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Derace competitors and assessment
Company assessmentDirect peers
- Zed Run: Pioneer in NFT-based virtual horse racing with breeding, racing, and wagering mechanics. Most direct comparable to Derace given overlapping NFT horse ownership and racing/betting product.
- Pegaxy: Play-to-earn NFT horse racing game with tokenized Pega horses and racing competition. Closest direct competitor to Derace in the Web3 horse racing category.
- RaceFi: Blockchain-based horse racing game using NFT racehorses with competitive racing gameplay. Direct peer in the NFT horse racing vertical.
- MetaRace: NFT horse racing platform with similar tokenized ownership and competitive racing mechanics. Direct comparable operating in the same niche.
Broad incumbents
- BetFury: Crypto casino and sportsbook with on-chain betting mechanics and tokenized rewards. Comparable for the crypto-denominated wagering and gaming fusion model.
- Polymarket: Crypto-native prediction/betting exchange. Comparable on the betting and on-chain wagering mechanics even though the underlying asset class differs from horse racing.
- Axie Infinity: Market-defining NFT creature-collecting and battling game with tokenized assets and competitive gameplay. Comparable as a broader NFT gaming incumbent whose downturn signals category risk for Derace.
- Sorare: Licensed NFT fantasy sports platform with global soccer licensing and similar NFT collectible + gameplay mechanics. Comparable as an established NFT sports gaming incumbent with regulatory licensing.
Emerging players
- Aavegotchi: NFT collectibles with tokenized assets and gameplay mechanics on Ethereum/Polygon. Comparable as an NFT-native gaming platform with tokenized in-game assets and DeFi integration.
Others
- Animoca Brands: Listed investor in Derace's 2021 round and a major NFT gaming investor/operator. Relevant as an ecosystem backer with overlapping portfolio companies in NFT racing and gaming.
Market position
Customer concentration
Derace financial estimates
Financial estimateRevenue estimate
Valuation estimate
Derace leadership team
Management profileNumber of profiles
Derace funding detail
Funding detailFunding overview
Funding rounds1 record
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Derace M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Derace
What does Derace do?
Derace operates a decentralized NFT horse racing and betting platform built on blockchain technology. Users can acquire, breed, train, and race digital horses represented as non-fungible tokens (NFTs) and place wagers on race outcomes. The platform combines play-to-earn gaming mechanics with decentralized wagering, enabling peer-to-peer trading of NFT racehorses within the Derace ecosystem.
Is Derace a public or private company?
Derace is a private company. It is classified as venture growth investor backed and is currently operating.
When was Derace founded?
Derace was founded in 2021. It employs 1 to 10 people.
Where is Derace based?
Derace is headquartered in Pärnu, Estonia, in the Europe region.
Who are Derace's main competitors?
Direct peers on record are Zed Run, Pegaxy, RaceFi and MetaRace. Broad incumbents are BetFury, Polymarket, Axie Infinity and Sorare. Aavegotchi is listed as an emerging player. Animoca Brands is listed as an others.
Does Derace have an API?
No public API is recorded for Derace.
What industry is Derace in?
Derace's product category is Blockchain Gaming. Its primary akta.pro industry code is MPAEADAG, Racehorse Ownership, Syndication & Investment Platforms, with a secondary code of FSADANAF, Gaming NFTs & In-Game Asset Marketplaces. Its NAICS code is 7132 and its SIC code is 7948.