Game Of Silks’ Raises $5 mn
Game of Silks, a startup in fantasy horse racing, raised $5 million, bringing its total funding to over $10 million since it first launched. Customers can purchase NFTs from the firm, which debuted in 2021, and earn incentives on horse racing.
Horse racing industry veterans are optimistic about the NFT ideas, which might raise interest in one of the oldest sports activities.
According to data from OpenSea, Game of Silks has produced more than 7,000 Silks Genesis Avatars NFTs, with a floor price of 0.08 ether right now.
Owners of NFTs in Game of Silks can receive incentives dependent on the success of the horse to which their token is assigned in the real world. The company has partnered with organizations such as the New York Racing Association, Belmont Race Track, The Jockey Club and FOX Sports’ Americas Best Racing.
(With inputs from Shikha Singh)
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