By Riley Kaminer
Game of Silks, a Boca Raton-based blockchain gaming platform specializing in thoroughbred horse racing, has completed its Series Seed 2 funding round, raising $5 million. The funding round included participation from strategic backers Taylor Made and FunFair Ventures, among others.
The fundraise comes at a critical juncture in the blockchain gaming industry, where funding opportunities have largely plateaued. By securing this investment, Game of Silks not only strengthens its standing as a player in blockchain-based fantasy sports but also sets a new standard in the horse racing gaming sector.
The company plans to leverage these funds to expand its operations and ramp up its development efforts. The goal: Build on the company’s existing platform to offer an even more immersive experience for horse racing fans and blockchain gaming enthusiasts alike.
“Securing this funding in such a turbulent economic climate attests to the potential of blockchain gaming and underscores our early success in a field where growth is the exception rather than the rule,” CEO and co-founder Dan Nissanoff said in a statement.
“While most companies grapple with capital acquisition, we’ve shown that blockchain fantasy sports remain robust, poised to revolutionize fan engagement in the world of horse racing,” Nissanoff continued.
“This capital injection empowers us to continue charting a new gaming epoch where gamified digital collectibles fuel unparalleled enthusiasm for real-world horse racing, uniting people with a sport cherished by millions across the globe. We are redefining the future of horse racing, blockchain gaming, and fantasy sports.”
Nissanoff founded Game of Silks in June 2021 alongside horse racing veteran Troy Levy. The company reports that it has already raised more than $10 million from strategic investors and built an organic community of over 25,000 members.
“When we look at Game of Silks, we don’t just see a game; we see a transformative platform that heralds the future of horse racing,” commented Duncan Taylor of Taylor Made, one of the world’s largest sellers of thoroughbred horses.
“Investing in this round signifies more than a financial commitment – it marks our dedication to forging a partnership that will invigorate and elevate the sport to its glory days when horse racing was the largest spectator sport in the US.”
The timing of this capital infusion aligns with Game of Silks’ recent strategic partnerships with industry-leading organizations such as NYRA, NYRA BETS, Saratoga Race Track, Belmont Race Track, Aqueduct, and FOX Sports’ America’s Best Racing. The company has also entered into a partnership with The Jockey Club, founded in 1894, further cementing its commitment to reshaping the traditional horse racing industry.
Game of Silks’ metaverse platform enables players to experience the ownership of real-world thoroughbreds through gamified digital collectibles (NFTs) that track the horses’ lineage, physical traits, development, and real-time performance. Users can also come together to share the cost of a horse through the platform.
Through Game of Silks, users can get in on the ground floor of some of the world’s top horses – no poop scooping required.
READ MORE IN REFRESH MIAMI:
Credit: Source link