Horse racing metaverse allows trading of NFT thoroughbreds, stables, farms

Oly Sport announced a $2 million fundraising round as it builds a horse racing metaverse that allows users to own and trade NFT thoroughbreds, as well as their virtual stables and digital farms.

The funding round, which values the company at $20 million, has the support of blockchain-focused funds like X21, Everse Capital, and Genblock Capital.

BSCStation led the round.

Oly Sport is targeting crypto investors and looking to develop the concept of virtual land ownership.

Co-founder Jimmy Chan said that land in Oly Sport’s world could potentially produce special food for the horses.

To make the NFT horse perform well, the owner has to take care of it like a normal horse, spend time with it, and feed it.

Chan added that if you hold a parcel of NFT land in the game, it’s not only a collectible but also generates residual income through owning that.
Canadian startup

To make Oly Sport’s land more enticing, the company will tie certain parcels to real-world real estate, starting with land outside of Toronto, where the company is based. Chan said Oly Sport plans to acquire real-world space across six continents. Its game is set to launch in December.

Unlike ZED Run, Oly Sport will run on its token, $OLY, rather than existing cryptocurrencies like Ethereum.

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Rich Nilsen is an 18-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com and a member of the NHC Players’ Committee, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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