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What is Game of Silks?
Game of Silks is the first derivative gaming platform that leverages a blockchain-enabled metaverse to parallel the real world of thoroughbred horse racing. The Silks metaverse is powered by a play-to-earn (P2E) gaming economy where anyone can experience the thrill of owning race horses and horse farms, while reaping valuable rewards through skilled gameplay and collaboration with other players.
The Silks community has the ability to acquire, collect, trade and interact with digital assets that represent actual thoroughbred racehorses in the real world. Furthermore, they’ll have the ability to acquire and develop land and horse farms, as well as other interactive digital assets that are necessary to support and grow the Silks economy.
At its core, Silks is an innovative, engaging and skill-based game that promotes collaboration between players to optimize rewards and offset risk in the high-stakes world of thoroughbred racing.
The Silks mission is to democratize thoroughbred racehorse ownership for the masses and gamify the experience utilizing a blockchain-enabled metaverse and a P2E economy. In doing so, it will introduce the excitement of thoroughbred racing to a new tech-driven and culturally distinct generation of enthusiasts.
Ownership of digital race horses in the New World
Silks Genesis Avatars are a collection of 10,000 unique identities that are your gateway to the Silks Metaverse and convey valuable rights and utility. Their distinct combination of colors & patterns creates a one-of-a-kind "crest" that represents your dynasty in Game of Silks and decorates every asset you own...
- Allows you to collect horse racing rewards.
- Provides you with a lifetime mint pass for the annual Yearling Sale of race horses.
- Avatars have unique traits and are collectible based on rarity.
- Holders will receive a fully functional 3D character that can navigate the Silks metaverse.
Silks Thoroughbred Racehorses
The Silks metaverse is powered by a gamified economy where individuals can own and compete with derivative NFTs that represent and shadow actual thoroughbred race horses in the real world. Silks tokenizes the nearly 20,000 horses born and registered as thoroughbreds each year into dynamic NFTs that track the lifecycle and productivity of each horse throughout its life. Owners of Silks horses earn valuable rewards tokens based on their real-world horse racing and breeding performance.
They can share ownership of their race horses with others or trade their horses as part of the strategic gameplay on the Silks platform. Users can also acquire and develop land into horse farms and estates within the Silks metaverse to enhance gameplay and support and grow the Silks economy.
The foundation of the U.S. thoroughbred horse racing economy is the approximately 20,000 foals born and registered as thoroughbred racehorses in the US each year.
Many of these race horses are sold between August and October at yearling auctions when they turn one year old. Once acquired, they are trained and start racing as early as April of the following year. Horses can begin racing as early as two years old, and their horse racing careers can span many years. Horses can live for more than 20 years and breed for most of their lives. The US thoroughbred racing industry is massive.
Yearlings sell for an average of $60,000 and cost their owners approximately $40,000 annually to feed. Individuals who purchase race horses do so, hoping to profit from prize money, breeding fees, and horse trading. There are over 30,000 races a year and over 50 million people who wager more than $11 billion on horse racing. These races are sponsored by racetracks that profit from this wagering, distributing over $1 billion in prize money to the owners of winning horses.
Owners of successful race horses can also generate significant income by retiring their horses from horse racing to breed. Champion stallions can breed hundreds of times a year and can demand breeding fees in excess of $100,000 per sired newborn. The present value of these future cash flows can make a horse that was sold for $100,000 as a yearling worth $200 million or more in just a couple of years.
Racehorse buyers use their knowledge and experience to identify race horses at an early age that they believe have the best prospects of winning races. This starts by studying a horse’s lineage or bloodlines. Horses that come from a lineage of champions are believed to have greater prospects of becoming champions themselves. During a horse’s adolescent years prior to horse racing, its value can fluctuate based on published training workout data that indicates how it’s developing.
Additionally, the value of an unraced race horses can increase when one of its many older siblings wins an important race. Pinhookers are professionals who make a living by trading horses during this period and using their experience to process information that helps them identify great prospects within a particular year’s crop. Professional bloodstock agents can also be hired by prospective owners looking to breed a productive horse. These agents use similar historical bloodline information to identify good breeding candidates that can produce horse racing champions.
Silks Land
The Silks ecosystem consists of 202,500 one-acre parcels of land set on a 450 acre x 450 acre grid. The map is separated into regions, the first of which is the Sky Falls region. A key part of building your Silks dynasty is developing one or more farms. Just like in real life, farms provide the necessary housing for Silks race horses. Farms can begin at one acre and grow in size as contiguous land parcels are assembled and combined together with a Stable NFT.
Sky Falls is the capital of the Silks metaverse. It is a vast landscape spanning 25,000 beautiful, lush digital acres, rich in utility and benefits exclusive to the Sky Falls region. It’s believed Sky Falls was named as such because land this beautiful could have only dropped from the air above. This very special land has already provided significant benefits to those who were the first to arrive in the Silks metaverse.
In Sky Falls, private farms begin at 1 acre in size and public farms begin at 10 acres in size. Each acre of land in the Sky Falls region comes with an embedded stable. The stable is capable of stabling no more than one race horses per acre of land.
For example, a four acre private farm can stable a total of four race horses, and a 10 acre public farm can stable a total of 10 racehorses.
This unique and valuable benefit means if you hold a parcel of Sky Falls land, there is no additional cost to start a private farm.
Silks Farms & Stables
Farms in the Silks metaverse serve as gamified businesses and personal ‘storefronts’. You can operate your farm as a general purpose horse racing or breeding farm you can focus on offering certain thoroughbred bloodlines or narrowly defined risk profiles. Your farm has its own individual marketplace featuring your horses. Visitors to your farm can bid on and buy racehorses, or shares in syndicated race horses, directly from you through your marketplace. Farm owners could curate high quality selections of horses for sale, potentially de-risking the purchasing decisions of their clients and fetching premium prices in return. As the game progresses, farms with successful track records will gain credibility that will drive potential buyers and sellers to them.
Public Farms
Public Farms are open to the public, allowing other racehorse owners to submit a request to stable their horse in your farm. When you stable your horses in a public farm you are distributing and reducing your risk because you share in the pool of racing rewards generated by the other stabled horses. You are also creating a rooting interest for yourself in more than just one horse, making the game more exciting and engaging. Owning a public farm requires you to act as a stable manager, curating and managing a stable of racehorses. Similar to traditional fantasy sports, the stable acts as the ‘team roster’. The better you are at managing the stable, the more rewards you will receive and the greater the interest in stabling on your farm there will be.
Private Farms
Only the owner of a private farm is eligible to stable racehorses on that farm.
- Attributes above are ranges that will be set by you, the owner.
- The sale of either a private farm, or a racehorse stabled within a private farm, will result in the racehorse returning to a community farm.
- In the Sky Falls region, private farms are between the size of one and nine acres.
- Public farms (farms of 10 acres or more) can still function as private farms by disabling stable requests.
