Digital Horses Are the Talk of the Crypto World

Zed Run was founded in 2018 by Chris Laurent, Rob Salha, Geoff Wellman and Chris Ebeling. They felt that horse racing was fertile ground for innovation. “It’s one of the world’s oldest sports, and it has remained unchanged since the dawn of time,” Mr. Laurent said.

Owning and racing real horses can be prohibitively expensive. But there is a lower barrier to entry for NFT horse racing, according to Drew Austin Greenfeld, 36, an investor in New York. “There are cheap horses and premium horses,” he said.

Renee Russo, a 25-year-old entrepreneur in New York, said that racing her digital horse, Glacial Planes, feels more like playing a video game than taking a gamble. “I own this horse, I’m not betting on another horse,” she said, “so I feel like I have complete control of where it’s going, who it’s racing and who I want to breed it with.”

As with all investments, there is reason for caution here. Should Zed Run turn out to be a fad, these digital horses could be rendered worthless.

Article source: https://www.nytimes.com/2021/05/01/style/zed-run-horse-racing.html