Bringing thoroughbred horse racing into the Metaverse is an exciting example of wielding blockchain technology. Game of Silks aims to do so and recently pocketed $2 million in funding for this approach.
Another Purpose For The Metaverse
There has been much debate about what the Metaverse will entail. These virtual worlds will provide access to numerous experiences, asset ownership, social engagement, and more. One concept few people expected to see in the Metaverse is thoroughbred horse racing. However, tokenizing real-world horses on the blockchain and making them part of a derivative play-to-earn virtual environment can unlock intriguing opportunities.
Game of Silks, backed by Tropical Racing Inc, is in a prime position to make its vision come true. The objective is to tokenize top real-world one-year-old thoroughbred racehorses as non-fungible tokens digitally. These tokens can be bought and sold freely under the Sils Horses banner. Ever NFT tracks the bloodline, performance, and training progress of the real-world horse it represents. NFT holders earn tokens based on their asset's performance and breeding.
Game of Silks Co-founder and Tropical Racing CEO Troy Levy comments:
"The transaction announced today with Game of Silks represents a unique opportunity for Tropical Racing and our shareholders. We're optimistic that this partnership has the potential to accelerate Tropical's growth while also introducing the thoroughbred horse racing industry to the next generation of sporting enthusiasts."
Tropical Racing operates a 200-acre horse farm specialized in breeding, racing, pinhooks, and syndication of thoroughbred racehorses. Leveraging these real-world dynamics through Web3 technologies makes this business model more approachable to potential investors and fans of horse racing. Tropical Racing is the lead investor in Game of Silks and will bring its expertise and valuable network to the derivative Metaverse.
Kicking off The Game of Silks Journey
The vision by Game of Silks will appeal to those looking to learn more about thoroughbred horse racing and potentially explore monetization opportunities. Moreover, it brings forth another use case and experience for the Metaverse and one that bridges the gap to the real world through a unique approach. Derivative play-to-ear mechanics can bring Metaverse concepts to the mainstream, even if Game of Silks is the only project to explore this opportunity today.
The $2 million fundraising is a crucial first step in the journey. Additionally, the Game of Silks team expects to raise up to $55 million through its upcoming NFT sale, which will begin on April 27, 2022. The first nFT offering is the Silks Genesis Avatar Collection. Every avatar represents a user's digital identity and ownership of their in-game assets inside the Silks Metaverse.
Gaining access to the NFT sale is possible through an early access opportunity via the Silks website. Additionally, users can gain whitelist access by joining the Silks Discord. Silks Avatars are an essential part of the Game of Silks Metaverse, with other assets - Land, Stables, and Silk Horses - to be integrated later to create a compelling and interactive virtual experience.
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2022-04-19 09:48:41
