“I wouldn’t be surprised if some of these horses trade for $1 million in a few months,” said Mr. Yair Altmark, a New York venture capitalist who has spent over $300,000 on digital horses says: “There are people who are becoming mini-influencers in this ecosystem.” Those who gain credibility on these streams and exposure on Discord are establishing themselves. YouTube and Twitch users can livestream their own races. ZED RUN also has a Discord server where people can discuss races, trade tips, and share data analysis tools. The races are streamed live on ZED RUN’s Twitch channel and website. The site uses a 10,000-random-outcome algorithm to choose the race’s condition. Horse qualities and past performanceĮvery race features a 12-horse limit, with lineups reflecting each horse’s qualities and past performance. No word on how much was paid in digital stud fees. Gemstone had two foals named Rainbows and Sparkles. Taub’s five year old daughter just bred a digital horse. “With Zed, you can race or breed for NFT money.” “Most NFTs are bought and sold,” said Mr. The platform has sold over 11,000 digital horses.Īlex Taub, a Miami tech entrepreneur, bought 48 horses. A single racehorse recently fetched $125,000. One player sold a digital racehorse stable for $252,000. People, mostly crypto enthusiasts, are rushing to buy the limited-edition digital horses, which have sold for more than real horses. The best part is you don’t need to be rich to get started. If you are wondering, yes, that means you too, can breed NFT horses on the ZED RUN blockchain. These steeds are definitely horses of a different color. They race, have genes, and are programmed so no two horses are alike.” “A breathing NFT has its own unique DNA,” said Roman Tirone, of Virtually Human “They have a bloodline and a personality. Like most NFTs, each digital horse is a “breathing NFT,” which means it can be kept as a collectible or sold for profit.
In these online races, the horses are nonfungible tokens, or digital assets. Owners may enter a horse for a nominal fee (typically in the range of $2 to $15). A $2 entry fee gets your horse in the raceĮvery hour, seven days a week, ZED RUN, a digital horse racing platform, hosts such events.
Zed Run is an Ethereum-based blockchain where players can breed, race and sell digital horses.
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