This NFT Game Changer Allows Users to Benefit on Real-Life Horse Racing
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Dreaded in 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 barely 10 bucks.
NFTs are cool, but not all of them hold up to their value. Which ones stand strong? No one can tell. Users’ taste changes over time, which makes evaluating NFTs even harder.
But what if an NFT is tied to physical assets? Does it hold up to its value over time?
This is the concept behind Omnihorse, a web3 project valued upon privately-owned thoroughbred racehorses in the real world.
This is how they work: When an Omnihorse NFT is minted, the NFT is valued upon a physical racehorse. Each racehorse is rigorously rated, based on the stats, breeding, and performance. These horses are hand-picked by Amo Racing, top horse racing facility in Great Britain with 150-thoroughbred ownership.
Therefore, these NFTs are valued not upon the NFT users’ hype, but rather each thoroughbred’s own value. It does not fluctuate like a rollercoaster. As these thoroughbreds race over time, the NFTs will constantly appreciate over time.
Kia Joorabchian, Owner of Amo Racing, foresees his ownership of 2000 thoroughbreds in near future.
As Omnihorse’s NFT owners, they are also granted real-life benefits, from owner-like experience to VIP private box in major racing events around the globe.
Omnihorse is now releasing their major update, the horsepower mining program. Now Omnihorse users can stake their NFTs and start auto-mining. Later this year, whenever a real-life thoroughbred wins a race, the corresponding NFTs will accelerate to mine, earning more benefits for the NFT
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