- November 29, 2021
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Horse racing: the marriage of skillful and diligent care, breeding, and training, with the unbridled spirit of the horse. People have been passionate about horse racing since before our records existed, and it’s no wonder why. Years of dedication by both horse and master lead to a single moment of truth for all to see. I’m excited just writing about it!
Though horse racing is pre-historic, the act of betting on horse racing can be traced back to the early 17th century United kingdom. Since then the world has evolved enormously, but this form of earning income – through racing and betting – has not. It’s time for that to change.
Though attractive at first glance, many issues exist below the surface of horse racing-based income. Financial transactions are slow and often unsafe. Hefty fees are tacked onto every transaction, profiting the major corporations who operate the majority of the races. This all results in little payoff in relation to the copious time and effort invested.
Enter Oly Sport: an NFT horse racing game built on blockchain. This play-to-earn metaverse game is looking to disrupt this dated and inaccessible sport and bring it back within reach of the everyday person. Oly Sport will have NFT Horses available on Binance NFT to purchase starting from 12:00 PM UTC, November 30th until they sell out.
What is Oly Sport?
In short, Oly Sport is everything horse racing is, but in a game. From the breeding and raising of the horses, to the farming of the nutritious herbs, oly sport has it all. Not to mention the racing. But there is so much more to it!
The brainchild of Canadian serial-entrepreneur and gaming enthusiast Jimmy Chan, this game is a bid to provide a platform to unify people of all different backgrounds and provide an alternate means of income for anyone willing to put in some time. Being built on blockchain, Oly Sport removes the hefty fees that come along with traditional horse racing and acts as an entry barrier for those who are not as financially well off. With the free-to-start play-to-earn gameplay model, anyone, regardless of financial situation, can enjoy and partake in horse racing.
It’s important to note that this is not a gambling game. Gambling is illegal in many countries, and culturally and morally unacceptable in even more. Because the Oly Sport team built this game for the international community, it was important for them to make it legal and moral by global standards. No betting can be found in this game! Instead, every race entrant pays a set fee which is pooled and divided amongst the winners. This conscientious choice has already proven its value, as Oly Sport has already built a huge community of followers from all over the world.
How does it work?
To give a quick overview, horses are represented by NFTs. These NFT horses can be bought, sold, bred, trained, and raced, but never replicated. Their uniqueness and ownership are protected by them being NFTs.
It’s ok if you don’t have enough money to buy a horse. You can start with as much or as little money as you want; there is no financial barrier to start. With the play-to-earn gameplay, you can invest as much or as little time as you want to make money. By completing tasks and working metaverse jobs, you can earn the money you need to buy a horse or land, or anything else you could need in the game, or simply hang on to your coins and watch the value grow. With Oly Sport, it’s not the old “you need money to make money.” Everyone can make money, all it takes is time and gameplay. Fun, right?
Because Oly Sport is accessible from anywhere in the world and operates within the no-gambling laws of many countries, it truly is accessible to everyone.
How Does Virtual Land and Real Estate Work?
Oly Sport land is another groundbreaking concept. The in-game NFT land is backed by real-life real estate. Not only is Oly Sport removing the financial barrier to start making money, but also the financial barrier to owning property. Pretty neat, eh?
In the game, you can do a lot with your land. Depending on how much you own, you can develop it to contribute to the horse racing world in several ways, some of which include turning it into a farm for growing ginseng and herbs for horses, a stable, or even a racecourse. You can then hire other Oly Sport gamers to tend your crops, run your racecourse marketing, and so forth. You get to use your land to make money while also giving back to the community.
About the NFT Horses
You can get an NFT horse one of two ways: buying it on an NFT marketplace or producing one through breeding. So, how does breeding work?
When a mommy and a daddy horse love each other very much… no I’m just kidding.
The Oly Sport team has developed a very sophisticated breeding mechanism that combines certain traits from both the mother and father horse to create a foal, much like real world reproduction. Every horse is composed of five traits: bloodline, genotype, breed type, coat colour, and Genetic Potential (GP) index. To add another layer of realism, they included the possibility for random favorable gene mutation which will result in an even better horse.
All horses have an ELO rating, and can only compete in races with horses of the same ELO rating
Oly Sport Is Accomplishing a Lot in the First Half of Q4
In the first half of Q4 2021, Oly Sport has accomplished a lot. The company has designed and developed the game, set up smart contracts for interactions, created a game demo, expanded the community, and started several marketing campaigns that have attracted thousands of users from around the world.
Venture capitalists have contributed more than $2 million via the latest round of fundraising for the project. We’re talking big guns here. BSC Station, X21, GameFi, Genblock Capital, Basics Capital, and ZBS Capital are some of the leading names behind this project now. To top off a great start to the quarter, the $OLY token is now listed on PancakeSwap at a $200M valuation. The Oly Sport team is welcoming Future Money Capital as a strategic partner. Future Money Capital is a committee member and mentor to the Binance MVB program.
What’s next for Oly Sport?
Oly Sport has even more planned for the upcoming quarter as well as the next year.
The team will be selling their most valuable collection of NFT horses on Binance NFT, the biggest and most prestigious NFT marketplace. The sales will start at 12pm UTC on Tuesday, November 30, 2021. BinanceNFT has retweeted the exciting news to confirm the upcoming sales.
In December, the marketplace and test net for racing will be ready to launch, and so will the racecourses. The team is already making plans to sell racecourse shares on Binance NFT next month. By January, users will be able to sell racecourses on NFT platforms.
Oly Sport is looking to digitize the traditional horse racing industry and is well on its way to making that happen. They are looking to partner with racetracks around the world to attract a younger audience to the sport, and make horse racing accessible for anyone.
Image: Pixabay
