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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Bored Ape minter finally sells after 92% fall from peak

    Bored Ape minter finally sells after 92% fall from peak

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

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    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

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    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    What Is Crypto Arbitrage and How to Use It in Trading?

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    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

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    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    Crypto Risk Management Strategies for Trading (2025)

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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Home Gaming

Crypto-powered, fantasy horse racing startup raises $5 million

October 16, 2023
in Gaming
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Crypto-powered, fantasy horse racing startup raises $5 million
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Game of Silks, a fantasy horse racing startup that creates NFTs linked to real thoroughbreds, has raised $5 million, the company said in a statement.

READ ALSO

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Owners of Game of Silks NFTs are able to earn rewards based on the real-world performance of the horse to which their token corresponds. Launched in June 2021 and teamed up with organizations like New York Racing Association, Belmont Race Track, The Jockey Club and FOX Sports’ Americas Best Racing, the web3 fantasy sports firm has now raised more than $10 million after this most recent funding round.

The marrying of NFTs and the lucrative fantasy sports industry is nothing new. Sorare has been perhaps the most successful in terms of attracting funding and attention. The company has announced partnerships with both the English Premier League and the National Basketball Association.

Some veterans of horse racing are bullish NFTs could be a good way to spur renewed interest in one of the world’s oldest sports competitions.

‘Future of horse racing’

“When we look at Game of Silks, we don’t just see a game, we see a transformative platform that heralds the future of horse racing,” said Duncan Taylor, an investor in this latest funding round for Game of Silks and a senior thoroughbred consultant at long-time horse broker Taylor Made. “Investing in this round signifies more than a financial commitment, it marks our dedication to forging a partnership that will invigorate and elevate the sport to its glory days when horse racing was the largest spectator sport in the U.S.”

See also  Cleanspark invests $193 million in new miners, looks to 5x hashrate in anticipation of halving

Game of Silks has issued more than 7,000 “Silks Genesis Avatars” NFTs which currently have a floor price of 0.08 ether ($125), according to OpenSea data.

Source link

Tags: CryptopoweredfantasyHorsemillionracingRaisesStartup

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