One of the best things about NFTs is that they can often serve a purpose and allow people to own digital items. There’s an expectation that they will play a role in metaverses in the future, as people will be able to purchase anything from property to accessories in virtual worlds.
The NFT horse racing market has already started to emerge, with players having the opportunity to buy virtual horses. This could be an excellent way to help horse racing expand and break into markets that don’t currently have the real-world sport.
Digital Horse Racing Games Have Been Growing in Popularity in the UK
Horse racing has always been one of the most popular spectator sports in the UK, and developers in the country have made a lot of effort to make it available digitally as well. The online casino industry is one of the best places to find horse racing-themed options, with the Big Racing slot acting as a great example of the genre. The game features a race day scenario on the reels with different horses, along with a bonus race feature for lucky players.
Virtual horse races have also been a staple of the online betting market, with sportsbooks offering these games regularly throughout the day. Their results are determined by a random number generator, and they offer bettors a chance to wager on horses outside of normal racing times. NFT horse racing was the next logical progression following on from these popular ways to enjoy the sport.
What is NFT Horse Racing?
NFT horse racing is one of the latest digital trends to emerge, and it offers a glimpse of what the future could look like for the sport online. It’s still in its infancy, but there are already signs that it could soon start to gain traction. One of the major factors is that it exists on the blockchain, and this technology is set to play an important role in the future of the internet.
In real life, it’s difficult and expensive to own racehorses, but virtual NFT titles offer people a much lower entry point. On platforms such as Zed Run and ZkRace, users can breed, race, and train horses, as well as trade them. They can even rise in value over time, just as the best horses in the real-world sport would.
These platforms also enable people from all over the world to participate in the same virtual environment, opening up greater competition and also creating an opportunity for a shared global community around horse racing. With this existing purely online, it could lead to a vast amount of fan-made content that helps to promote NFT horse racing as well. Players could share tips and strategies to help others and add to the overall experience.
NFT horse racing titles can help bring the sport to a much wider fanbase, and may encourage more people to start watching the real-world sport. It could also lead to the growth of a completely separate horse racing industry that only exists digitally. They represent an excellent chance for the sport to permeate a wide range of new markets.