From racetracks to keyboard – virtual horse racing takes matters into its own hands
Investors are taking advantage of the fact that horse racing is getting a modern facelift thanks to the Zed Run virtual racing platform.
Founded in Australia, on Zed Run, people can buy a racehorse using a cryptocurrency called Ethereum, then participate in races and develop their stables just like they would in real life.
Players can potentially make (or lose) money by winning races or selling racehorses to other players.
How to get started on Zed Run
Syntribos * has a background in finance, but grew up with horses on his homestead and dabbled in racehorse ownership and betting as an adult.
He started his journey on Zed Run in April this year after hearing about the platform from a friend and reaching out to one of the platform’s founders for more information.
He now manages around 200 virtual racehorses under Syntribos Stables in his spare time, and has stated that he is able to apply much of his knowledge of real horse racing to the virtual world.
“A lot of the fundamentals around Zed Run as a game are very similar to real horse racing,” Synrtibos said.
While his knowledge of analyzing racehorse form and breeding was helpful, Syntribos said people coming to Zed Run with experience in areas such as gaming and cryptocurrency could also benefit from it.
“There are a lot of people who have never watched a horse race before, but they sit at their computers watching digital horses run for hours,” he said.
This includes those who object to the participation of horses in real races, a moral issue that virtual races erase.
Zed Run racehorses are non-fungible tokens (NFTs), but like their actual counterparts, they all have different abilities and bloodlines that affect their value and performance.
Syntribos said Zed Run “captures people’s imaginations” because even if they spend little on a cheaper racehorse, there is always a chance it will be successful.
However, Syntribos acknowledged that getting started on the platform would be a “learning curve” for many people.
“It takes a while to understand.
“My dad has been a horse breeder his whole life, and it still took me talking to him for 30 minutes about what [Zed Run] it’s actually up to him to figure it out.
Virtual career prospects
Syntribos has no plans to quit his full-time job for his Zed Run hobby yet, but he knows many people who are on Zed Run after quitting or losing their job due to COVID-19 .
“For a lot of people, what started out as a hobby may have turned into something much more serious just because they had the time to devote to it,” he said.
“A lot of people have been forced to stay at home, and you can only watch Netflix before you get bored.”
Thousands of races take place around the clock on Zed Run, so players can work on their schedule.
Zed Run horses experience fatigue, but for players who have invested in multiple horses, they can almost compete in as many races as they want.
Popular career options on Zed Run include running, breeding, content creation – or a mix of all three.
For people who come to the platform with a serious strategy and are willing to put in the time, the potential payoff can be huge.
Syntribos knows a team that has won 20 Ethereum, which represents more than $ 80,000, in six months.
Like many new Internet offers, some of the people who entered first made it easier to profit.
“People who came in very early were buying some of the best horses… for $ 1,000, and some of those same horses are now selling for over $ 100,000,” Syntribos said.
But in most cases, players get back what they put on the platform.
Syntribos pointed out that immediate returns on investment on Zed Run are not a sure thing.
“[Similar to] real horse racing, the ones that… create a workable, profitable plan creates some really good companies behind that, ”he said.
“But those who do it just more as a hobby without any structure might find it a bit harder to use. [Zed Run as] a possible source of income.
Syntribos has received requests from people in the real horse racing industry on how they can get into Zed Run.
He believes more people will create full-time jobs in the crypto space.
“If you really compare it to the space we now see in eSports, I think [NFT and crypto-based platforms are] will only get bigger.
The future is virtual
Although Zed Run is not yet mainstream, Syntribos stressed that it is still in its infancy.
He said the platform was part of a “global” movement towards virtual reality.
People are also creating “fully digital worlds” on platforms such as Decentraland and The Sandbox.
“You can have your own race track, or your own stables and bar, where you can invite people to come and take a look at your horses, all in a digital world. “
Syntribos recently attended an online event hosted by Zed Run.
He said the experience was comparable to playing The Sims, as he had an avatar walking around the online space.
“Everyone who attended this particular event at Zed received a Zed token and t-shirt, which you can then wear on your avatar,” he said.
Syntribos said he could easily see a day when people could attend events like concerts and buy merchandise in the same way.
“While that sounds pretty far-fetched today, I’m sure the internet seemed pretty far-fetched to a lot of people in 2000.”