Rip Cars, a project that brings a Hot Wheels-style gacha collectibles concept to the blockchain, has raised $20.9 million in commitments on MetaDAO's Solana launchpad. The fundraising round, which closed this week, far exceeded the minimum target of $250,000.
A gacha model on Solana
Rip Cars is built around a familiar concept: digital car packs that players can open to collect rare virtual vehicles. Think of it as a blockchain take on the gacha mechanics popularized by mobile games and physical toy lines. The project chose Solana for its low fees and high throughput, aiming to make pack openings cheap and fast.
MetaDAO's launchpad delivers
MetaDAO, the Solana-based launchpad that hosted the ICO, saw strong demand from the start. The $20.9 million raised is a far cry from the $250,000 minimum — a sign that investors are still hungry for gamified collectibles, even in a cautious market. The launchpad has been active this year, but this is one of its larger raises to date.
The team now has the capital to build out the platform. No specific launch date has been announced, and the project hasn't shared a detailed roadmap beyond the gacha concept. With $20.9 million in hand, Rip Cars will need to deliver on the promise that attracted those commitments. The Solana ecosystem will be watching to see if the project can turn pledges into a working product.
