GameFi project MetaTrace, launched in May 2022, took a significant step forward by obtaining the RAK DAO license to operate in the UAE free economic zone. This event opened the doors for the third investment round, aiming to raise $25 million. Since its launch, MetaTrace has attracted attention with its unique collection of NFTs, raising $500,000, which was then invested in project development, including marketing and team expansion.

In August 2022, the project introduced an MVP version of its blockchain-based game on the Polygon network and the MetaFora geolocation platform, offering players a Play-to-Earn model where characters explore the real world for artifacts. With an open release planned for app stores in March 2024, MetaTrace aims to expand its influence in the GameFi industry.

The second investment stage brought the project $5.15 million, fueling the development of blockchain product ecosystems and increasing the team to 50 people. September 2023 marked the listing of the MetaTrace token on centralized exchanges, resulting in a fourfold increase in its value. According to the consulting group Mezen, MetaTrace's value reached $296 million by December 2023, with a forecasted growth to $700 million by 2024.

The goal of the new investment round is global expansion, implementing marketing strategies, and listing on new exchanges. MetaTrace representatives see investments as key to achieving ambitious goals and strengthening leading positions in the GameFi industry.