The NFT market has grown dramatically in the last 18 months, because to the success of high-profile catalogues such as Bored Ape Yacht Club and CryptoPunks. However, new applications for NFTs are being developed on a regular basis, with horse racing being the most recent sector to be digitized in this way.

Keeping that in account, our checklist will go through the greatest NFT horse racing projects this year, looking over their features, advantages, and future value potential.


The Most Exciting NFT Horse Racing Projects in 2022

Exhilarating NFT initiatives are constantly sprouting up as a result of high demand from both new and seasoned investors.
Simulated horse racing NFTs are one sector of the business that has seen remarkable development, and this momentum appears to be continuing.

The following are five of the top NFT horse racing initiatives this year, which will all be examined in the following section:

Silks – Best Overall NFT Horse Racing Project

Zed Run is a well-known NFT horse racing platform with a large user base.

DeRace is a thrilling P2E NFT horse racing game.

Pegaxy – Exciting Roadmap for a Futuristic NFT Racehorse Project

DeFiHorse is a 500,000-member NFT Horse Racing Metaverse.

An Examination of the Top NFT Horse Racing Projects

Given that you have a general idea of the finest NFTs to buy in this thriving market segment, let’s take a closer look at each of these.

1. Silks – Top – notch NFT Horse Racing Project

Silks is our vote for the greatest NFT horse racing project. Silks is a first-of-its-kind ‘derivative gaming’ metaverse with a thrilling connection to the real world of thoroughbred horse racing. Silks’ metaverse allows gamers to buy avatars and 3D virtual horses known as ‘Silks horses,’ which are represented as NFTs.

These Silks horses serve as the cornerstone for the Silks metaverse’s distinctive play-to-earn (P2E) gaming elements. Instead of being made up, each Silks horse is based on a real thoroughbred racehorse. This connection is made possible through the use of decentralized databases comprising information about a horse’s lineage, development history, and racing results.

NFT Silks project

Based on the Silks whitepaper, gamers can get incentives when their digital horse’s real-life counterpart wins a race. These prizes are given out in $STT, the Silks metaverse’s native transactional coin. Silks’ innovative breeding and staking procedures also allow players to produce incentives, guaranteeing that there are various paths to generating a recurring revenue stream. Silks Avatars NFTs may be purchased by players to boost their earnings.

To maintain a consistent supply of Silks horses, each crop of yearlings (one-year-old thoroughbred racehorses) will be immediately minted to the blockchain once they are qualified. This technique also allows for ‘pinhooking,’ or dealing an unraced horse. Because of the possibility for huge value changes in these horses, pinhooking can be a profitable practice.

NFTs on horse racing Silks

Within the Silks metaverse, players may even acquire parcels of land, which are necessary for housing and keeping Silks horses. If a player owns 10 contiguous pieces of land, they will be able to build a horse farm and a stable that can house up to ten horses. Finally, because each plot of land is designed as an NFT, landowners profit from secondary market value rises.

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2. Zed Run – Well-known NFT Horse Racing Platform with a Large User Base

Zed Run is yet another excellent NFT game to consider in the horse racing category.

Zed Run is an NFT digital horse racing game in which participants may purchase, trade, and speculate on virtual horses. Because these horses are designed as NFTs, there is a clear path to revenue and an incentive for skillful gameplay.

Each NFT horse on the Zed Run platform is descended from one of four bloodlines: Nakamoto, Szabo, Finney, or Buterin. Although all bloodlines have distinct qualities and characteristics, some are deemed rarer than others. Users may purchase these horses through OpenSea since the Zed Run platform is housed on the Ethereum blockchain.

Once you’ve purchased a Zed Run horse, you may enter it in virtual races, with several classes available according on the horse’s ability level. At the conclusion of each race, the top three horses will be rewarded, with larger payouts possible in the better classes. Finally, Zed Run has an in-game breeding system that allows players to mate two horses together to generate progeny, who can then be raced or sold on the market.

3. DeRace – Fun P2E NFT Horse Racing Game

DeRace is a virtual horse racing NFT game similar to Zed Run in that users may buy virtual horses and race them against other players. Each horse on the DeRace platform is classified by gender, breed, and tier, with the latter defining the horse’s worth and ability. The tiers range from Omega to Olympian, with many Olympian horses worth more than $2,000.

DeRace horses, like Zed Run horses, may compete in 3D virtual races, but users must pay an entrance fee in $DERC – DeRace’s native token. Race winners are determined via a ‘Controlled RNG’ system, which implies that all horses have an equal chance of winning, while horses with faster speeds have a better chance of winning.

NFTs from DeRace

Notably, under DeRace’s platform, users may acquire a stake in the hippodromes, which are made up of 10,000 NFTs. If a player owns more than half of a hippodrome, he or she is considered a “bookmaker” and can promote races. The earnings from these races are subsequently distributed to the hippodrome’s owners, allowing DeRace participants to establish a passive income stream.

4. Pegaxy – Exciting Roadmap for a Futuristic NFT Racehorse Project
Pegaxy is yet another horse racing platform that has grown in popularity on the major NFT marketplaces. This horse racing NFT project uses futuristic virtual horses rather than genuine ones, which will appeal to gamers interested in the platform’s mythology. Players may buy these horses and compete against 11 other racers to obtain rewards.

Importantly, every Pegaxy race features unpredictable elemental factors (e.g., fire, water, wind) that give an element of unpredictability to the activities. Horses finishing in the top three positions in each race will get $VIS, Pegaxy’s native cryptocurrency. Players may raise their horse’s chances of victory by purchasing additional equipment and feeding supplies.

Because each Pegaxy horse is built as an NFT, players may buy, sell, and rent them on the secondary market. Pegaxy, like other virtual horse racing NFT games, includes a breeding system that can create uncommon offspring that can be sold. Finally, Pegaxy’s founders are working on stadiums that users can invest in, allowing them to receive a portion of racing earnings.

5. DeFiHorse – NFT Horse Racing Metaverse in around 500,000 users
DeFiHorse completes our list of the finest NFT horse racing ventures. DeFiHorse is a metaverse-based horse racing game hosted on the Binance Smart Chain (BSC) that offers a cyberpunk-themed user experience rather than’realistic’ ones. These horses are available for purchase by users.

Customers may use DeFiHorse’s native currency ($DFH) to purchase these horses and race/breed them to win prizes.

Each horse is unique in look and is classified according to gender, lineage, breed type, coat color, and cooling duration. Furthermore, the horses on the DeFiHorse platform have varying degrees of speed and stamina, which contribute to their chances of winning races. Finally, each horse will be assigned a rarity rating, with Popular being the lowest and Ascended being the most.

NFTs from DeFiHorse

One of the most interesting aspects of the DeFiHorse platform is the ability for users to engage with their horse while it is racing in order to boost its chances of winning. This procedure allows players to alter the speed at which their horse runs, which can be beneficial.
This may aid in its performance against high-value bloodlines Finally, DeFiHorse permits live feeds of the platform’s virtual races to be shown to a live audience, allowing e-sports events to be held.

Horse Racing Explained Using NFT

Owning a virtual horse racing NFT can provide many of the same rewards as investing in cryptocurrency. These advantages include increased value and the possibility for recurring revenue streams – albeit there is still some risk involved in investing in these digital assets.

Understanding what horse racing NFTs are and how they function might assist to avoid this danger. With that in mind, let’s get started and talk about the most important elements of these platforms:

NFT Horse Racing and the Metaverse
For starters, many of the finest horse racing NFT projects take place in a metaverse context. Silks’ forthcoming project, for example, will provide gamers with a rich virtual environment in which they may create in-game avatars and own digital horses. Silks may establish a community of like-minded individuals by incorporating games into a metaverse environment like this.

Silks’ metaverse
Nonetheless, particular horse racing NFT initiatives do not use this strategy, instead preferring to construct a web-based platform that is more utilitarian than enjoyable. Because the majority of the action in these projects is focused on virtual horse racing, these platforms typically include places where people may watch races, acquire horses, or view the NFTs they own.

NFTs on virtual horses
Most NFT horse racing games are based on virtual horse NFTs. The specific construction of the horses will vary depending on the platform, with some (such as Pegaxy and Zed Run) opting for a fantastical approach to their horses. Platforms such as Silks and DeRace, on the other hand, provide a more ‘lifelike’ experience to gamers.

Virtual horses, in any case, may be freely exchanged on the secondary market since they are organized as NFTs. This strategy allows participants to speculate and profit from value rises in the same way that any other investment does. Furthermore, because these horses will be minted to the blockchain, they will be immutable and cannot be changed, enabling a more equitable gaming process.

Breeding is an essential component of virtual horse racing NFT platforms since it allows users to monetize their in-game exploits. The breeding process varies every platform, but it typically needs a male and a female horse, as well as a nominal breeding cost.

Players may generate high-value progeny by owning some of the most costly NFTs on the horse racing platform, which they can utilize in races or sell on the secondary market.

What are Virtual NFT Horse Races?

Virtual horse racing is the cornerstone of the majority of NFT horse racing systems. Virtual races, as the name indicates, involve players putting their racehorse NFTs against one another in order to receive prizes. Several venues provide awards for first, second, and third place, guaranteeing that each entrant has a chance to win.

The racing method will vary per platform, but in general, participants will have to pay a ‘entry fee’ to participate in these races. The entrance fees from all competitors are combined to determine the ultimate prize amount, which is paid to the three winners. Some platforms (such as DeRace) also give stadium/hippodrome owners a part of the jackpot.

However, how are these races decided? This varies, however many platforms use a Random Number Generator (RNG) to pick the winner. As the name implies, this method selects a winner at random, which means that any of the contestants might win.
Certain sites, however, take into account each virtual horse’s qualities, which means that horses with superior speed or stamina have a higher likelihood of winning.

The best metaverse crypto currencies are frequently used as rewards; for example, DeRace race winners will earn $DERC. These digital currencies may then be used to buy horses/items from the game’s marketplace, or they can be transferred to an external crypto wallet, where players can swap them for another token or FIAT cash.

Thoroughbred horse racing Silks

Silks is an intriguing horse racing NFT platform that deviates from this pattern. Instead of allowing on-platform virtual races, Silks connects users to the genuine world of thoroughbred horse racing.
Players are compensated for their knowledge of the business and their skillful games because awards are granted to the owner of the virtual horse that is linked to the victor of a real-world race.

Why Make a Horse Racing NFT Investment?

A wise decision would be to invest in the greatest horse racing NFT project, particularly if you already have extensive expertise of the sector. Four of the key advantages of investing in these platforms, which are the basis for their popularity, are listed below:

Possibility of Value Growth

Similar to purchasing cryptocurrencies, investing in horse racing NFTs may result in substantial profits. There is always a potential that another user will desire the identical horse you possess because these NFTs can be exchanged on the secondary market.

Players are compensated for their knowledge of the business and their skillful games because awards are granted to the owner of the virtual horse that is linked to the victor of a real-world race.

Additionally, when a platform gets bigger, high-value horses or horses with a strong track record tend to appreciate in value, which encourages long-term ownership of these NFTs.

Fantastic P2E Features

Play-to-earn (P2E) gaming is now one of the major trends in the NFT market, as can be seen by taking a quick look at our NFT calendar. Through skillful gaming, players may, as the name implies, win prizes. These incentives are frequently expressed in the platform’s local currency; for instance, in the Silks metaverse, prizes are given out in $STT.

P2E Silks gaming

Winning virtual horse races is often how investing in horse racing NFTs makes it possible to get these benefits.

There are other methods to make money, though, because to the inventive breeding and staking systems found on some sites (like Silks).

Making Use of Technical Expertise

Since they will have an edge when selecting high-value horses, those with a deep interest in the horse racing sector would naturally flock toward horse racing NFT platforms. This will be most obvious on platforms with a strong link to the actual world, like Silks.

This link enables horse racing aficionados to make money from their expertise in a more practical manner than through gambling. Furthermore, participants profit from possible gains in the token’s price when they receive prizes because the transactional tokens in many of these systems are sold on the biggest cryptocurrency exchanges.

Finally, participating in horse racing NFTs enables investors to communicate with others who share their interests and forge enduring friendships. Although it is still conceivable on web-based platforms, this is more likely through metaverse-based systems where gamers may build avatars. Participating in these virtual horse racing NFT platforms will probably become a more common way for individuals to connect and make friends given that human interaction is getting more and more computerized.

Final Thoughts on the Best NFT Horse Racing Projects

This article has covered five of the greatest NFT horse racing projects to be aware of, explaining why they are getting so much attention and how their value can change in the next days and weeks.
Due largely to the platform’s distinct P2E capabilities and interesting “derivative gaming” approach, Silks seems to be a strong leader for these projects. Silks’ avatars will soon be available for purchase, thus this NFT project is definitely worth following.

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Natasha Dean

With an eye for detail and understanding of this exciting industry. My experience has given me an understanding of crypto trends and how to effectively break them down. I have a soft spot for NFTs and the Metaverse.