Nice to have motivation! It doesn’t stop you from doing other virtual events - or real events, if there are any.
We are very different! $60 for a 'virtual' running race. I don't understand .... :) lol!
I haven't signed up for any virtual races yet but the reason I might do it would be to support an RD who has lost a big chunk of his/her income for 2020. I might not do the race though, given that I'm injured.
I get so much from work that I can put towards race fees. So it's sort of free money that otherwise doesn't get spent.
I also need stuff like this as motivation to focus my training I find.
Good luck with the virtual race. We will cheer you on from the virtual sidelines.