Silks Secures $2 Million Funding To Develop The First-Ever Thoroughbred Horse Racing Metaverse
Summary
This fresh capital injection comes just weeks ahead of the Kentucky Derby and the upcoming launch of Silks first NFT collection. Were optimistic that this partnership has the potential to accelerate Tropicals growth, while also introducing the thoroughbred horse racing industry to the next generation of sporting enthusiasts.The Silks team is also preparing to launch its first-ever NFT offering called the Silks Genesis Avatar Collection on April 27, 2022. Accordingly, each Silks NFT is a tokenized clone of the top one-year-old thoroughbred racehorses registered in the United States. As a result, the Silks team cant manipulate the market or dilute the value of circulating NFTs. Additionally, Silks also includes its own DAO (decentralized autonomous organization), thus ensuring that all of the revenue is shared with the community members.Highlighting the support from a premier thoroughbred horse breeding and racing company Tropical Racing Inc., Game of Silks CEO and Co-Founder Dan Nissanoff notes , I am excited to have a strategic investor like Tropical Racing as an early investor in our roundThey bring deep industry expertise and a valuable network critical to the execution of a derivative metaverse project like ours.