Andreessen and Others Wager $20M on Zed Run NFT Horses

In short

  • TCG Capital Administration, Andreessen Horowitz, and Purple Beard Ventures invested $20 million within the developer of NFT-based horse racing sport Zed Run.
  • The sport permits gamers to commerce and breed digital racehorses to compete with different customers.

Just about Human Studio (VHS), the blockchain growth agency behind non-fungible token-based (NFT) horse racing sport Zed Run, at the moment announced that it has raised $20 million through a Collection A funding spherical led by TCG Capital Administration with participation from Andreessen Horowitz and Purple Beard Ventures.

“Pricey pals, it is official! Asserting our $20M+ USD Collection A spherical, led by TCG, a16z, and Purple Beard, to speed up our main platform growth within the NFT house,” Just about Human Studio tweeted at the moment.

Zed Run is a blockchain horse racing sport set in a Tron-like surreal, neon-filled digital universe. It permits gamers to purchase and breed racing horses and pit them in opposition to others on numerous racing tracks. Notably, every horse is represented by an NFT—a provably distinctive crypto token that serves as a digital certificates of authenticity and possession.

In accordance with VHS, Zed Run gamers have purchased over $30 million value of digital racehorses up to now.

Now, the studio plans to make use of its newly acquired funds to develop the sport and permit gamers to grasp professions reminiscent of a secure or race monitor proprietor, breeder, accent designer, and extra.

“We’re additionally working to associate intently with manufacturers to supply immersive sponsorship experiences, reminiscent of our current collaborations with The Preakness, Stella Artois and Atari,” mentioned Just about Human Studio CEO Chris Laurent within the announcement. 

The newest capital infusion would additionally enable VHS to beef up its product and engineering groups, enterprise operations, and “present legacy manufacturers with an natural introduction to crypto shoppers.”

Notably, among the most respected Zed Run steeds are presently being sold for up to 30 Ethereum—or round $57,000 at present costs—on NFT market OpenSea.

“VHS has been on the forefront of this pattern due to the staff’s sharp instincts about what shoppers crave from digital leisure and has constructed stable foundations for a community-led market,” added Arianna Simpson, normal associate at a16z, Andreessen Horowitz’s crypto-focused arm.

Apparently, Zed Run was conceived again in 2017 when Laurent noticed an commercial for an area stud farm that supplied a stallion for breeding.

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