Metaverse horse racing projects that utilize the blockchain and NFT technology give horse racing fans the opportunity to breed, run and own, unique racehorses that can be raced against other NFT horses!
Over the last several years, some great NFT horse racing projects have launched that could change the horse racing industry. These projects include ZED RUN, MetaRace, DeFiHorse, Silks and Pegaxy to name a few.
Although each virtual horse racing game has its own characteristics, they essentially all offer players a chance to breed, own, race and trade their virtual horses. ZED RUN and Pegaxy use a fantasy theme for their horses, while MetaRace allows players to build mechanical horses.
The games are built using blockchain technology and employ NFTs to represent each unique horse.
Three main ways to Earn from Digital Racehorses
There are three main ways to earn money from NFT racehorses. First, as each horse is a unique NFT, it can be bought and sold on the secondary market.
Second, NFT owners can earn rewards by entering and being placed in a race against other horse owners. On some platforms, placement goes up to fifth place. Each entrant to the race pays a fee that is used to make up the prize money.
The third, and probably the most lucrative way to earn is by breeding the digital horses. To breed, players will need a mare and a stallion at least and pay a small breeding fee. Some platforms require players to own a stud farm. Also, in most cases, the owner of the mare will own the offspring, while the owner of the stallion receives a stud fee.
Top Virtual Racehorse Games
As previously mentioned, there are many NFT horse racing games for fans to choose from. Here are some of the more established projects.
Game of Silks launched their NFTs on April 27th
Game of Silks Web3 game uses blockchain to mirror the world of thoroughbred horse racing. They launched their NFT collection this year prior to the Kentucky Derby.
Each NFT horse represents a thoroughbred in the real world. Gameplay is linked to the actual US race horsing economy, where 20,000 foals are bred and registered each year.
Within the Silks eco-system, members can purchase and trade horses, syndicate their horses, speculate on land purchases and develop the land into stud farms.
Members can earn rewards through several different means, including staking, running and breeding horses.
MetaRace horses are mechanical and have 6 gene types
MetaRace horses are different from Game of Silks in that the horses are “mechanical”. The horses have six gene types, Speed, Endurance, Acceleration, Control, Steering, and Grip. These traits combine to influence the outcome of races and the quality of bred horses.
MetaRace offers different types of metaverse racing NFTs. These include horses, jockeys, stable colors and even horseracing tracks.
Each type of NFT offers different rewards. For instance, players can earn rewards by earning first, second or third place in a race.
In addition, owners of the racetracks can earn in a variety of ways, including 2% of all bets placed on their racecourse and 8% of race registration fees.
ZED RUN was the first to launch
Zed Run was the first of the metaverse horse racing games when it launched in January 2019. The game uses an algorithm to create “breathing NFTs”, each with its unique genes and DNA.
The horses can then be bred, and their DNA passed onto their bloodline. Furthermore, each bloodline has different characteristics, with the Nakamoto bloodline being the rarest.
Horses can further be categorized by their breed. Six breeds are available, including Genesis, Elite and Legendary.
Owners can earn prizes by entering either free or pay-to-enter races.
Conclusion
Horse racing has been around for thousands of years and is known as the sport of kings. However, with these new metaverse horse racing NFT games, it may well become the sport of the masses. Metaverse horse racing looks as though it could change the way fans interact with the sport.
Main image: Pixabay
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