Horse racing will soon be able to enjoy its very own metaverse! This is what Silks is offering and they are building a whole environment for this industry, mixing real-world data and play-to-earn gaming.
Horse racing enthusiasts will soon be able to enjoy an entire metaverse dedicated to this industry. Whether it’s ownership of racehorses, land, or stables, Silks will offer a virtual world experience coupled with strategic play-to-earn gameplay.
Other horse racing projects exist, but Silks differentiates itself by utilizing a mixed-reality structure that leverages real-world horse racing data. In short, each digital Silks Horse NFT will be linked to the data and performance of a real-world thoroughbred racehorse..
Let’s take a closer look at this project.
The Silks universe will be built by the Game of Silks team which consists of 24 people. Blockchain professionals, developers, advisors or technicians, here are the main team members:
With the future objective of having decentralized management through a DAO, for the moment, Game of Silks will retain a centralized organization for better project management. The objectives are ambitious: a play-to-earn game, a token-based economy, a fully engaged community, and an immersive metaverse experience.
To have an experience that is as close as possible to reality, Silks defines itself as a derivative play-to-earn metaverse. By integrating all the core concepts around real horse racing, Silks will offer an innovative and interactive ownership experience.
The project will use both fungible and non-fungible tokens. Regarding the fungible tokens, two types will exist:
The Silks governance token, $SLK, will make it possible to participate in the decision-making processes around the project. To obtain the tokens you can purchase them with $STT (detailed below) and also by being sufficiently active in the community.
There will be a supply of 500 million $SLK tokens that will be unlocked over time, with 40% reserved for Silks players.
The Silks transaction token, $STT, will be used as a reward for racing and breeding success, in addition to all transactions that will take place in the Silks metaverse. $STT can be converted into $SLK with a rate defined by the DAO and other use cases will be announced in the future.
There will be a supply of 5 billion $STT and a burn process will be put in place to have a deflationary economy.
Several types of NFTs will be available in the game and their use will be diverse but also complementary.
Silks Horses will be the central element of the game. Once a horse is registered as a thoroughbred racehorse in the US, its digital equivalent will be created in Silks. Each Silks Horse NFT will then track the lineage, training progress, and racing results of its real-world counterpart.
Silks Avatars will represent each player’s unique identity in the Silks ecosystem. They will allow the public to identify who owns the different horses, land and stables in the game. Also, it will be necessary to buy a Silks Horse as well as receive rewards when their real-world thoroughbred wins a race.
There will be 202,500 acres of virtual land in the Silks metaverse, with each one acre plot represented as a Land NFT. Land will be necessary for the construction of Stables (also an NFT) that will open up the possibility of staking your horses to receive rewards in $STT. To be able to build a Stable, 10 plots of Land will be needed. Each Stable will be able to accommodate up to 10 horses.
2022 will be the year of construction for Silks. Silks first NFT offering will be its Silks Genesis Avatar Collection which is set to drop on April 27th. Subsequent to the sale of their Silks Avatars, the inaugural Silks Horse Mint is slated for this summer.
The sale of Land and Stables is scheduled for Q3 2022, while registration for the metaverse will begin in Q4 2022. The metaverse is scheduled to open in 2023.
Silks’ goal is to develop an ecosystem in line with its community while remaining flexible to be as close as possible to the expectations of players and investors. It is therefore possible that aspects of the gameplay will change depending on the decisions made by the DAO.
In conclusion, Silks’ ambitious bet is to succeed in creating a bridge between the real world and their virtual world to ensure the most dynamic experience possible for its community. Whether it’s to develop Land, manage stables, trade horses, participate in the verification of transactions or engage in the DAO, the gameplay possibilities offered by Silks are endless.
In addition, through the use of real-world racehorse performance data, the characteristics of the NFT will evolve over time to enhance immersion in the world of horse racing.
Being knowledgeable and aware of the information pertaining to this industry will be a major advantage in making the best strategic choices in the game. But thanks to the other gameplay mechanics of this future metaverse, it will be possible to specialize in other aspects to participate in the construction of Silks!
Don’t hesitate to read the Silks whitepaper for more information and follow them on their different networks:
Disclaimer: This is a sponsored article. No content or article should be considered as financial advice. We strongly recommend you to conduct due diligence and always do your own research before investing in a project.
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