I know what you’re already thinking. “Crypto and NFTs are dead” and “We’re in Crypto Winter”. I know, and you’re not wrong, but that doesn’t mean there aren’t still exciting and increasingly profitable companies working on cutting edge blockchain projects.
Trust me when I tell you this is not a sponsored post – I’m just excited that two of my favorite things (crypto and horse racing) have come together in a new game called Game of Silks, which “describes itself as a “blockchain gaming platform that mirrors the real world of thoroughbred horse racing.””
I have a friend, actually the Best Man at my wedding, who got me into Bitcoin back when it was only a few hundred dollars (man I wish I had bought a lot more!). He called the crypto rally perfectly, and was the first and only person I’ve ever known to set up a Bitcoin mining operation. By the time Crypto Winter hit he had changed his focus to building predictive models to handicap horse racing. He runs a YouTube channel and X/Twitter, so I wanted to give him a shout out. I sent him this link the other day, and knew I had to discuss it in today’s newsletter.
The company Game of Silks just raised $5M to build out a Blockchain Fantasy Sports Platform “that mirrors the real world of horse racing” by using NFTs to track “different attributes of a horse as it exists in the real world from the day the horse is born.”
According to this article “This fundraising comes at a time when Web3 funding is declining, after falling for the seventh consecutive quarter since Q4, 2021.”
Why am I excited about this horse racing game instead of the dozens of other platforms out there? In a single word: Partnerships! Game of Silks has partnered with industry juggernauts including NYRA, NYRA BETS, Saratoga Race Track, Belmont Race Track, Aqueduct, and FOX Sports’ Americas Best Racing.
So taking the advice of my good friend I’m not going to sleep on this new trend combining NFTs and horse racing.
Game of Silks Secures $5M Seed Round for Blockchain Fantasy Sports Platform