It's CryptoKitties meets Fast & Furious. CryptoCarz is a multiplayer, virtual reality-enabled racing game where each car is tied to assets on the Ethereum blockchain the same way a CryptoKitty is.

Developed by gaming software startup Blockchain Studios, CryptoCarz is currently just a proof-of-concept demo where you can walk around a showroom in VR and look at some CryptoCarz. The VR game is built on Unreal, so it'll work cross-platform with different headsets.

The startup will have its first auction next month with 20 car models and 650 tokens each, letting users buy blockchain-based cars to keep in their Ethereum wallets. Ultimately, the company wants to let you modify cars and race them making bets and wagers with your tokens in a full eSports marketplace. Just like Fast & Furious, CryptoCarz wants to build a VR world where if you lose the race, you lose your car.