MetaTrace

About MetaTrace

MetaTrace, established in 2022 by co-founder and CEO Bogdan Evtushenko, operates within the GameFi sector, merging real-world exploration with blockchain-based gaming. The company, officially registered as REALIX GAMES LIMITED in Mahe, Seychelles, leverages a team with experience from prominent gaming studios like Niantic and Wargaming to build its platform. After launching an NFT collection in May 2022 that raised $500,000, the firm secured a total of $5.15 million in a subsequent seed round to fund development and team expansion. In March 2024, MetaTrace obtained a RAK DAO license in the UAE and initiated a Series A funding round aiming to raise $25 million for global market penetration.

The core of the business is a free-to-play mobile game that utilizes geolocation and augmented reality, where player movements in the real world are mirrored in the game's virtual map. The primary objective is to encourage physical activity by allowing users to explore their surroundings to find and collect digital items. The game's economic model is structured around a dual-token system on the Polygon blockchain. The ACE token functions as the main in-game utility currency for actions like upgrading NFTs, while the TRC token serves as a governance token and is used for purchasing assets on the Trace Market. Players acquire these assets, including NFT creatures called "Cypets" and virtual cars, which can then be used in player-versus-player battles or sold on the proprietary marketplace.

Revenue generation is diversified through multiple channels. The company offers a premium subscription, "TracePro," which unlocks enhanced gameplay features and rewards. Additional income streams include transaction fees from its native NFT marketplace ("Trace Market"), swap operations, and plans for targeted in-app advertising and partnership launches with other brands. This model targets a broad audience of casual gamers and cryptocurrency enthusiasts, providing an accessible entry point into Web3 technologies through familiar gaming mechanics.