The success of high-profile collections such as Bored Ape Yacht Club and CryptoPunks has been a driving force behind the astonishing expansion of the NFT market over the course of the past 18 months. Notwithstanding this, new applications for NFTs are being found on a regular basis, and the horse racing industry is the most recent sector to get digitalized in this way.
Keeping this in mind, this guide will go over the top NFT horse racing projects that have been released this year, looking over their features, benefits, and prospective value moving ahead.
The Most Promising New Futures Trading Horse Racing Projects for 2022
Because there is such a high demand for new and exciting NFT ventures from both inexperienced and seasoned investors, these projects are continually being developed. One sector of the market that has demonstrated significant expansion is that of virtual horse racing NFTs, and it appears that this pattern will continue unabated in the years to come.
The five NFT horse racing initiatives that are considered to be the best this year are presented below; each of these projects will be evaluated in the next section:
- Silks – Overall Best NFT Horse Racing Project
- Zed Run – Popular NFT Horse Racing Platform with Huge User Base
- DeRace – Exciting P2E NFT Horse Racing Game
- Pegaxy – Futuristic NFT Racehorse Project Featuring Compelling Roadmap
- DeFiHorse – NFT Horse Racing Metaverse with 500,000 Members
A Closer Look at the Top NFT Horse Racing Projects
Let’s dive in and take a closer look at each of these projects one by one now that you have a general understanding of the most lucrative non-fungible tokens (NFTs) on the market to invest in at the moment:
1. Silks – Overall Best NFT Horse Racing Project
Silks is the NFT horse racing project that we believe will be the most successful overall. Silks is a first-of-its-kind “derivative gaming” metaverse that features an exciting link to the real world of thoroughbred horse racing. Silks is a virtual world where players compete in virtual versions of real-world events. Within the Silks metaverse, players have the opportunity to purchase avatars and acquire 3D virtual horses referred to as “Silks horses,” which are denoted by the notional value of non-fungible tokens (NFTs).
These Silks horses are the cornerstone of the play-to-earn (P2E) gameplay elements that are exclusive to the Silks metaverse. Each horse in the Silks series is based on a genuine thoroughbred racehorse, dispelling any notion that they are fictitious. The use of decentralized datasets that contain information on a horse’s bloodline, development history, and racing results is the means by which this link is established.
According to the whitepaper for Silks, players have the opportunity to earn rewards whenever the physical counterpart of their virtual horse is victorious in a race. These rewards are given out in the native transactional token of the Silks metaverse, which is denoted by $STT. Players can also earn rewards by participating in Silks’ innovative breeding and staking systems, which ensures that there are multiple ways to establish a source of consistent revenue for the game. Players have the option of purchasing Silks Avatars NFTs to boost their overall income.
Each new crop of yearlings, which are thoroughbred racehorses that are one year old, will be added to the blockchain as soon as they become eligible. This will make sure that there is a consistent supply of Silks horses. This method also allows for “pinhooking,” which is the practice of trading a horse that has not yet competed in a race. Pinhooking can be a lucrative process for individuals who are knowledgeable about the industry due to the possibility that the value of these horses will fluctuate significantly.
Within the Silks metaverse, players have the ability to purchase individual plots of land, which are essential for the housing and maintenance of Silks horses. If a player owns ten adjoining parcels of land, they will have the ability to build a horse farm and a stable that has room for a maximum of ten horses. This will allow the player to have more than one horse at a time. In conclusion, because each parcel of land is organized as an NFT, landowners are able to profit from increases in value by selling their properties on the secondary market.
2. Zed Run is a well-known NFT horse racing platform that has a large number of users.
Another of the top non-football-themed video games (NFT) to take into consideration for the horse racing sector is Zed Run. The non-financial trading game Zed Run is based on digital horse racing and gives players the opportunity to purchase, trade, and speculate on virtual horses. Because these horses are organized as NFTs, there is now a distinct route to monetization, and this encourages skillful gameplay by providing a reward for it.
Every horse that competes in the Zed Run NFT horse racing platform hails from one of four different bloodlines: Nakamoto, Szabo, Finney, or Buterin. Certain bloodlines are regarded to be rarer than others, despite the fact that each individual carries their own distinct qualities and characteristics. Users have the ability to purchase these horses through OpenSea due to the fact that the Zed Run platform is hosted on the Ethereum blockchain.
If you already possess a Zed Run horse, you can use it to compete in a variety of different classes of virtual races. These classes are determined by the horse’s ability level. At the conclusion of each race, the top three horses will be awarded prizes, with the best classes offering greater opportunities to win more valuable prizes. Last but not least, Zed Run includes a built-in breeding system, which enables players to produce children by breeding two horses together. These progeny may either be used for racing or be sold on the market.
3. DeRace is a Fun Pay-to-Win and Free-to-Play Horse Racing Game
DeRace is a non-flip-to-win (NFT) game that simulates horse racing and is very similar to Zed Run in that players can buy virtual horses and compete in races against other players using those horses. On the DeRace platform, each horse is classified according to its gender, breed, and tier; the latter of these characteristics is what determines the horse’s value as well as its aptitude. Tiers vary from Omega to Olympian, with many horses at the Olympian level having a value of more than $2,000 each.
Similar to Zed Run, horses on DeRace can be entered into 3D virtual races; however, users are required to pay an entry fee in $DERC, which is the native token of DeRace. Winners of races are selected using a method known as “Controlled RNG,” which ensures that every horse has an equal opportunity to take first place. However, faster horses have a better probability of coming out on top of the competition overall.
Notably, players have the opportunity to acquire an interest in the hippodromes that are housed on the DeRace platform. Each hippodrome is made up of 10,000 NFTs. If a player owns more than half of a hippodrome, they are considered to be “bookmakers” and are able to run races at their establishment. As a result, the revenues from these races are subsequently distributed among the owners of the hippodrome, which gives DeRace players the opportunity to generate an additional stream of passive income.
4. Pegaxy is a Future-Oriented NFT Racehorse Project That Features an Enticing Roadmap.
Another horse racing platform that has seen rising popularity on the top NFT marketplaces is called Pegaxy. Users that are interested in the lore that underpins the platform will find that this horse racing NFT project showcases futuristic virtual horses rather than lifelike ones, which will appeal to those players. These horses are available for purchase by players, who can then compete against 11 other races to win rewards.
Notably, the outcome of each Pegaxy race is determined by randomized elemental elements, such as fire, water, and wind. These variables offer an element of surprise to the competition. Tokens denominated in Pegaxy’s native currency, $VIS, will be awarded to the top three finishing horses in each race. Players have the ability to increase their horse’s chances of victory by purchasing additional equipment and food items, both of which aid strengthen particular traits.
Players have the ability to purchase, sell, and rent Pegaxy horses through the secondary market due to the fact that each horse is designed to function as an NFT. Pegaxy is similar to other virtual horse racing NFT games in that it includes a built-in breeding system. This mechanism can create unusual offspring, which can then be sold. The developers of Pegaxy are currently working on the creation of stadiums that users will be able to invest in. This will allow users to earn a portion of the earnings generated by the race.
5. DeFiHorse, the National Flat Track Horse Racing Metaverse, Boasting 500,000 Members
DeFiHorse is the last project on our list of the finest NFT horse racing projects, and it rounds out the top three. DeFiHorse is a metaverse-based horse racing game that is hosted on the Binance Smart Chain (BSC). The game offers a user experience that is themed around cyberpunk, which is a departure from’realistic’ experiences offered by other similar games. These horses can be purchased by users with DeFiHorse’s native token ($DFH), and then they can be raced or bred to earn benefits for the user.
Each horse has its own distinct physical characteristics, and they can be classified according to its gender, bloodline, breed type, coat color, and cooling duration. In addition, each horse that is part of the DeFiHorse platform possesses a unique combination of speed and stamina levels, all of which contribute to the likelihood that they will win races. In conclusion, each horse will have its own unique amount of rarity, with Popular being the least desirable rank and Ascended being the most desirable rank.
The fact that players are able to communicate with their horses even while they are competing is one of the most fascinating aspects of the DeFiHorse platform. This allows players to boost their horses’ chances of coming out on top. Through this method, players are given the ability to modify the speed at which their horse is running, which can improve the horse’s performance when pitted against high-value bloodlines. Last but not least, DeFiHorse enables live streaming of the platform’s virtual races to be presented to an actual audience, which opens the door for e-sports competitions to take place.
An Explanation of NFT Horse Racing
Owning a virtual horse racing NFT can provide much of the same advantages that you would get from investing in cryptocurrencies like bitcoin and ethereum. Among these perks is an increase in value as well as the possibility of generating a stream of recurring money; however, there is still an element of risk involved in the process of investing in these digital assets.
It is essential to have an understanding of what horse racing NFTs are and how they function in order to help limit this danger. Keeping this in mind, let’s get right into it and talk about the most important elements of these different platforms:
The National Futures Tournament and the Metaverse
To begin, a large number of the most successful non-traditional betting on horses ventures take place in a metaverse environment. The future project from Silks is a great illustration of this concept because it will provide players with access to a detailed virtual world in which they will be able to build their own in-game avatars and own digital horses. Silks’ ability to include gameplay into a metaverse environment like this lays the groundwork for the formation of a community of individuals who share common interests.
On the other hand, certain NFT projects relating to horse racing do not adopt this approach. Instead, they choose to develop a web-based platform that focuses more on functionality than on the experience itself. These platforms typically contain areas where players may watch races, purchase horses, or view the NFTs that they own in order to accommodate the fact that the majority of the gameplay in these projects is centered on the simulation of horse racing.
Virtual Horse NFTs
The vast majority of NFT horse racing games are built on top of virtual horse NFTs. The platforms themselves will determine the specific construction of the horses themselves, with some platforms (like Pegaxy and Zed Run) opting to take a more fantastical approach to the horses that they include in their games. On the other hand, platforms such as Silks and DeRace provide gamers with an experience that is more “lifelike.”
In either case, because non-fungible tokens (NFTs) are the underlying structure of virtual horses, users have the ability to freely sell them on secondary markets. This strategy gives participants the ability to speculate and profit from value rises, exactly like they would with any other type of investment. In addition, because these horses will be “minted” onto the blockchain, they will become immutable and will be unable to be changed. This will make the game process more equitable for all players.
Breeding for Horse Racing and NFT
Breeding is an essential component of the NFT platforms used for virtual horse racing since it enables users to make money off of their successes while playing the game. Although the procedure for breeding a horse varies from one platform to the next, in general, you will need a male and a female horse in addition to paying a little breeding cost.
Players have the ability to generate offspring with great value if they hold some of the most expensive NFTs within the horse racing platform. These offspring can either be used by the player in races or sold on the secondary market.
What are the Rules of the Virtual NFT Horse Races?
Virtual horse racing forms the basis of the majority of non-traditional forms of the sport. Users compete in virtual races by pitting their racehorse NFTs against one another in an effort to win prizes, as the term “virtual” suggests in its name. There are several other platforms that award rewards for first, second, and third place, guaranteeing that every participant has a shot at winning something.
Although the racing method may vary from platform to platform, generally speaking, participants will be required to pay a “entry fee” in order to take part in these races. All of the entrance fees paid by participants are added up and used to determine the total prize money, which is then split between the top three finishers in the competition. Some platforms, such as DeRace, also give a share of the jackpot to the proprietors of the stadiums and hippodromes where the races are held.
But how are the winners of these races selected? Again, this varies from platform to platform, but many of them use something called a Random Number Generator (RNG) to figure out who the winner is. This, as its name suggests, chooses a winner at random, which means that anybody who enters has an equal chance of walking away with the prize money. On the other hand, certain platforms take into account the features of each virtual horse, which means that horses with superior speed or stamina have a larger chance of coming out on top.
Rewards are frequently given in the form of the greatest crypto coins available within the Metaverse; for instance, the winners of the DeRace race will get $DERC. After that, users are able to make purchases of horses or other products from the game’s marketplace using these digital currencies, or they can move them to an external crypto wallet. From there, users are able to trade them in for another token or FIAT currency.
Silks is an innovative new horse racing NFT platform that departs from this structure in its own unique way. Silks acts as a link to the real world of thoroughbred horse racing rather than acting as a facilitator for virtual races that are held on the platform itself. Players are compensated for their industry knowledge and good gameplay by virtue of the benefits that are granted to the owner of the virtual horse that links to the winning horse of a real-world race.
Why Should You Invest in Non-Tracing Horses (NFTs)?
If you already have extensive understanding of the sector, making an investment in the top horse racing NFT project may be a smart decision for you to make. The following is a list of the four most important advantages of investing in these platforms, which are the driving force behind their growing popularity:
Potential for Value Increases
Purchasing horse racing NFTs, much like purchasing cryptocurrencies, can result in significant returns if done correctly. Because these NFTs can be traded with other users on the secondary market, there is always the possibility that another user would be interested in purchasing the same horse that you already have. In addition, high-value horses or horses with an exceptional racing record have a tendency to gain in value as a platform develops in size, which provides an incentive to hold onto these non-fungible tokens for the long term.
Exciting New Features on the P2E
If you take a quick look at our NFT calendar, you’ll notice that play-to-earn (P2E) gaming is now one of the most prominent trends within the NFT market. This method, which is quite self-explanatory given its name, enables users to earn rewards by engaging in skillful games. These prizes are typically denominated in the native currency of the platform on which they are awarded; for instance, the Silks metaverse awards prizes in the currency of $STT.
It is possible to generate these prizes through winning virtual horse races, which can be accomplished through investing in horse racing NFTs, which give a pathway to earning these rewards. However, certain platforms, such as Silks, also feature novel methods for breeding and staking, which means that there are various ways to earn an income stream.
Utilize Your Knowledge of the Industry
People who have a serious interest in the horse racing sector will naturally flock toward horse racing NFT platforms since these platforms give them an advantage when selecting horses with a high value. Platforms like as Silks, which have a robust connection to the physical world, will be the best examples of this phenomenon.
Because of this relationship, horse racing fans have the opportunity to make money off of their expertise in a manner that is more “hands on” than gambling. In addition, because the transactional tokens that are used on many of these platforms are traded on the most reputable cryptocurrency exchanges, gamers who receive prizes are able to profit from any potential price gains that the token may experience.
Join a Group of People Who Have the Same Values as You.
Lastly, participating in horse racing through the purchase of NFTs provides investors with the opportunity to network with others who share similar interests and to forge connections that will last. This is more likely to occur through platforms based on the metaverse, in which users have the ability to build their own avatars; but, it is also conceivable on platforms based on the web. Participating in virtual horse racing NFT platforms is likely going to become a more common way for individuals to get to know one another and develop friendships in the near future. This is due to the fact that human connection is becoming increasingly digital.
Horse Racing Projects that Offer the Best Alternative to NFT
We strongly suggest Lucky Block as a promising new cryptocurrency project for any investors who are interested in increasing their portfolio’s level of diversification within the NFT industry. This is a decentralized ecosystem in which members of the community have the opportunity to take part in main draws on a weekly basis and NFT draws on a weekly basis.
Lucky Block is responsible for the production of its own NFTs, which need to be purchased in order to be entered into draws that can award prizes of up to $50,000. Lucky Block uses its native cryptocurrency, LBLOCK, as the medium of exchange for settling transactions and rewarding investors. LBLOCK is also the platform’s utility token. The LBLOCK token was just recently launched on PancakeSwap, and immediately after that, it provided investors with a return of 3,000% on their investments.
Conclusions Regarding the Top NFT Horse Racing Projects
In conclusion, this article has covered five of the greatest NFT horse racing projects that you should be aware of. It has highlighted the reasons why these projects are generating so much attention as well as how their value may fluctuate in the weeks and months ahead.
When it comes to these initiatives, Silks seems to be a clear frontrunner, which is mostly owing to the platform’s distinctive P2E capabilities and interesting approach to ‘derivative gaming.’ This NFT project is definitely one that is worth keeping an eye on, especially considering that Silks’ avatars will soon be available for purchase.
