This NFT Game Changer allows users to benefit from real horse racing
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Dreaded during the winter period, the crypto market has never been smooth sailing. The NFT purchased by YouTuber Logan Paul for over $600,000 last year is now worth just under $10.
NFTs are cool, but not all of them live up to their value. Which ones stand strong? No one can tell. Users’ tastes change over time, making it even more difficult to evaluate NFTs.
But what if an NFT is linked to physical assets? Does it hold value over time?
This is the concept behind Omnihorse, a web3 project valued by privately owned thoroughbred racehorses in the real world.
Here’s how they work: When an Omnihorse NFT is minted, the NFT is valued on a physical racehorse. Each racehorse is rigorously assessed, based on statistics, breeding and performance. These horses are handpicked by Amo Racing, top horse racing facility in the UK with 150 thoroughbred ownership.
Therefore, these NFTs are not valued based on the hype of NFT users, but rather each thoroughbred’s own value. It doesn’t turn like a roller coaster. As these thoroughbreds breed over time, NFTs will constantly appreciate over time.
Kia Joorabchian, owner of Amo Racing, envisions his ownership of 2,000 thoroughbreds in the near future.
As Omnihorse’s NFT owners, they also get real benefits, from owner-like experience to VIP private box at major racing events around the world.
Omnihorse is now releasing its major update, the horsepower mining program. Now Omnihorse users can stake their NFTs and start automining. Later this year, whenever a true thoroughbred wins a race, the corresponding NFTs will accelerate to mine, earning more benefits for the NFT owners.
Stamping these NFTs can prove more valuable to potential investors, as the horses move up in rankings and value as they win more races in real life. Horses that later become stallions earn 5-figure breeding fees per occurrence, accumulating to a 7-figure return annually.
The landscape of horse racing has been largely unchanged for a long time; the rich and elite profit from horse racing and everyone else is shut out. But Omnihorse is looking to disrupt this through the power of blockchain and web3, allowing more audiences to enter the industry with reduced barriers of NFT.
By creating clubs around thoroughbreds and allowing users to invest via NFTs and their native token, more ordinary people can access this world. Also, they can profit from the sport without having to make the huge investment that horse racing usually requires. With this, we can expect to see significant changes in this ancient landscape.
Omnihorse has completed the first coins of 4 private jockey clubs and currently has 7 other private jockey clubs open for minting. For more information, visit Omnihorse.io.