Spectators can watch a live stream of Zen horse races online at zed.run. “It’s one of the world’s oldest sports, and it has remained unchanged since the dawn of time,” co-founder Chris Laurent told The Times when describing the opportunity for innovation in the digital space. Now, hold your horses-just how viable is digital racing, with nary a jockey in sight to boot? Some heavy hitters in the tech space (TCG Capital Management, A16Z) are betting on the company VHS raised some $20 million in investment funding last year. It races, it has genes it passes on, and it lives on an algorithm, so no two horses are the same.”
“It can breed, has a bloodline, has a life of its own. “A breathing NFT is one that has its own unique DNA,” Roman Tirone, the head of partnerships at Virtually Human Studio (VHS), recently told The New York Times. Virtually Human Studio’s virtual horse racing platform, Zed Run, allows users to place bets around the clock, and even outright own the horses as “breathable” NFTs (non-fungible tokens, such as the digital art selling for millions that you’ve been reading about), meaning they have attributes that allow them to change over time. Introducing what could be the perfect opportunity for racetrack-loving Saratogians to get in on the Crypto craze: blockchain-based horse racing.
ZED HORSE RACING DRIVER
Blockchain will likely be the driver of all these changes.It’s off to the races, one click at a time. Zed Run is currently looking into expanding on ways people can make an actual living on the platform by owning horses, managing stables for others, reporting on developments, and even hosting their own digital events on the platform. While this may sound like standard virtual horse racing, the addition of ownership, through NFT technology, changes the dynamic completely.
The races themselves are fairly standard in the world of online gambling, with these digital NFT horses navigating the track. Owners simply pay entry fees to be a part of any race, with prize pools often ranging between just a few dollars, to several hundred. “The idea of ownership changes the dynamic,” explained Zed Run board member Rahul Sood, who is currently waiting on approval from regulators before he allows speculators to also join in and bet on the races. Several races are run every single hour, usually across six different classes based on horses’ records and experience.
Although Virtually Human cofounder Chris Ebeling has said that other factors like digital weather conditions and track location could also impact results. Racing odds aren’t actually revealed in the game, so users are often left to figure out their own way based on race history and race length. In Zed Run, these digital horses – which often look like nothing more than raw, unfinished assets from an old Nintendo RPG – are differentiated by various factors, the best of which are from established breed types and bloodlines which trace back to original prototypes which Zed Run’s owners created – “Genesis” racers. Sportico has aptly described Zed Run as “Tamagotchi meets Churchill Downs,” comparing sports’ newest blockchain trend to a handheld digital pet.
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