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Drone Racing League snags $100 million sponsorship from crypto platform Algorand

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New York-based Drone Racing League (DRL) has bagged a five-year sponsorship deal, reportedly worth $100 million, with crypto platform Algorand. As part of this partnership, DRL will unveil blockchain-enabled ticketing, collectibles, fan transactions, and non-fungible tokens (NFTs) on the Algorand platform. The Title rights of the DRL World Championship circuit will remain with Algorand during this time.

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Autonomous flight algorithm beats ‘world-class’ human drone racing pilots [video]

drone racing

There are many reasons for drones to be quick. The professional drone racing circuit aside, speed bodes well when you are searching for survivors on a disaster site, or delivering cargo, or even inspecting critical infrastructure. But how do you get something done in the shortest possible time with limited battery life when you have to navigate through obstacles, changing speeds, and altitude? You use an algorithm.

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