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Game of Silks is a web3 gaming platform offering a virtual experience mirroring real-world thoroughbred horse racing. The team has successfully closed its Series Seed 2 funding round, raising $5 million from strategic investors. This latest funding round brings the company's total funding to over $10 million.
While the blend of NFTs and fantasy sports is not a new concept, it has gained significant traction. Notably, companies like Sorare have secured substantial funding and formed partnerships with major sports leagues. Horse racing veterans see NFTs as a potential way to breathe new life into their historic sport.
This round signifies more than just a financial commitment; it symbolizes our dedication to reshaping the sport of kings, restoring it to its former glory as the largest spectator sport in the US.
This funding infusion comes at a crucial time for Game of Silks, which has recently formed notable partnerships with industry giants like NYRA, NYRA BETS, Saratoga Race Track, Belmont Race Track, Aqueduct, and FOX Sports' Americas Best Racing.
Additionally, Silks has joined forces with The Jockey Club, a venerable institution with a rich history in horse racing dating back to 1894. These partnerships are already making a significant impact by revitalizing horse racing and digital gaming, offering new avenues for growth in an industry facing numerous challenges.
Game of Silks signifies more than just a game; it represents a transformative platform that is shaping the future of horse racing.
Game of Silks is changing the way fans engage with horse racing, allowing them to experience the sport from the perspective of an owner. The platform simulates ownership of real-world thoroughbreds, with players collecting digital assets that track the careers of racehorses. These assets provide rewards when the real horses owned in the game achieve success on the racetrack or contribute to real-world breeding.
Game of Silks stands out as an innovative and compelling use case for web3 technology in the realm of web3 gaming.
The $5 million secured in this financing round underscores the potential of web3 gaming and solidifies Game of Silks' position in reshaping the horse racing experience for fans worldwide. With its innovative platform, Game of Silks is redefining the future of horse racing, web3 gaming, and fantasy sports, offering an engaging experience that appeals to horse racing enthusiasts globally.