In the past couple of months, we can see a lot of new advancements in the world of Blockchain technology. Even though this technology is available for a few years now, it needed time to mature and for game developers to find a way to leverage all the benefits that come from it.
One of the most advancing sectors of blockchain technology is gaming in the Metaverse.
We are seeing many companies investing millions of dollars in developing new Blockchain gaming projects that promise to change how we play games forever.
On top of that, we have reports suggesting that the metaverse market could reach $13 trillion by 2030, which is why everybody wants a piece of the cake.
That’s why we are also seeing some big shifts in terms of talent, as new gaming developing companies are investing a lot of money in hiring the right people.
So we come to Srini Vasan, a former DraftKings exec that joins the project Game of Silks. If you like to check horse racing odds often, you will likely enjoy this game.
Srini Vasan Joins the Game of Silks
If you are interested in iGaming and Web services, then you’re probably familiar with the name Srini Vasan. He is a former exec at DraftKings and Amazon Web Services.
He recently decided to make a transition to the Blockchain gaming space.
We, already know that the Game of Silks is a relatively new blockchain project that can change the entire industry of blockchain games since it is one of the first ones that is tied to real-world horsing events.
But what is the Game of Silks and what can we expect from Srini Vasan’s involvement?
The Game of Silks
Game Of Silks is a game that blends the excitement of horse racing with the security and transparency of blockchain technology.
Players may acquire and sell virtual racehorses on the blockchain using non-fungible tokens (NFTs), assuring safe and verifiable ownership. The game includes a range of races and tournaments using Bitcoin and other prizes as prizes.
Because each race is recorded on the blockchain, guaranteeing that outcomes are not tampered with, the use of blockchain technology also adds a sense of transparency and fairness to the game.
Even though this is not the first horse racing blockchain game, the Game of Silks is a true game changer in the realm of online gaming due to its creative usage of NFTs and blockchain technology.
According to the company, its mission is to democratize thoroughbred racehorse ownership and transform the entire horse racing industry into the metaverse.
But the Game of Silks brings something new to the table. The entire gaming experience will be directly tied to the real US thoroughbred horse racing economy. Each year, there will be around 20,000 new NFTs that represent real-world thoroughbreds.
Srini Vasan’s Involvement in Blockchain Gaming
This is not his first involvement in the blockchain and NFT space. In fact, in DraftKings as a vice president of engineering, he was a task with building an NFT marketplace on the platform.
But what inspired the change?
Well, the Game of Silks introduces many new and innovative aspects of gaming that will allow us to replicate the real-world horse iGaming experience. It also shares a new revenue-sharing model between professional athletes and everyone involved in the sport, which can help the horse racing industry a lot.
The reason behind his decision to join the Game of Silks is just because of this.
He said that this new project touches on several areas of blockchain gaming that will shape the future of this technology.
The long-term goal of this project is to deliver a real-world impact on the sport and enable horse racing enthusiasts in different ways for them to be involved. On top of that, digitalizing the horse racing scene might be the thing that horse racing needs in order to make it attractive for the younger generation.