Once upon a time, the Kentucky Derby would’ve been looked at as by far the most popular horse race on the planet. Now, not everyone may know what the Kentucky Derby is and many people are unaware of the spoils and wealth that exist within the horse racing world, but that might all be about to change.
Online NFT horse racing is something that is becoming more and more popular as the years go by, as cryptocurrencies and the metaverse start becoming part of our everyday lives. NFT horse racing is the latest craze in the tech and NFT world and the time to buy in is now, so keep reading on to learn about online horse betting.
Digital Horses Are Living, Breathing NFTs
NFTs, or non-fungible tokens, are still as popular as when they were first released, and yet still no one (not even experts) can give an accurate definition of exactly what they are. That’s because NFTs are so dynamic that they can truly be anything that the creator wants them to be. In this case, the horses that people are buying and betting on in online horse races are what the NFTs embody. People within these online horse racing circles describe these NFT horses as living, breathing tokens that need to be cared for and loved.
Each and every one of these NFT horses has its own unique code of DNA, just like in real life. Except these online horses actually do have a unique line of code that makes them ownable by just one buyer, who thus becomes the owner of the NFT horse. This concept is but one of the many amazing things that NFTs allow the technology and cryptocurrency world to do, and it completely changes how the future of all sports might be handled.
Whether or not we see this type of NFT code enter into other real-life sports like football, tennis, and cricket remains to be seen. But it is clear that the possibilities presented by this type of technology are endless for everything from horse races to a live casino online.
There Is Money To Be Made
To most people, who don’t study or are not experts in the world of cryptocurrency or NFTs, this whole concept might not make any sense, and it probably doesn’t seem like there are any benefits or upsides to investing in a digital horse. But that couldn’t be further from the truth. The money currently being spent in the NFT horse racing world far exceeds what people are paying for steeds in the real world.
One user recently purchased an entire stable of digital horses for just over $250 000, while another user spent $125 000 for a single horse. The site where much of these NFT horse trades occur is known as Zed Run, and the company is growing with each passing day.
The bottom line is that NFT and cryptocurrency technology are changing the world we live in right in front of us, and the time to adapt to these changes is now!