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Game of Silks Secures $5M in Its Follow-up Funding Round
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Game of Silks Secures $5M in Its Follow-up Funding Round

Oct 12, 2023

BOCA RATON — Game of Silks, the innovative blockchain gaming platform dedicated to the exhilarating universe of thoroughbred horse racing, has successfully concluded its Series Seed 2 financing round, garnering an impressive $5 million investment.

At a time when investment in blockchain gaming appears to have plateaued, this financial boost not only strengthens Silks' standing as a frontrunner in the burgeoning sector of blockchain-based fantasy sports but also solidifies its reputation as the premier blockchain gaming platform for horse racing enthusiasts.

Securing this funding in such a turbulent economic climate attests to the potential of blockchain gaming and underscores our early success in a field where growth is the exception rather than the rule. While most companies grapple with capital acquisition, we've shown that blockchain fantasy sports remain robust, poised to revolutionize fan engagement in the world of horse racing.remarked Silks CEO and Co-Founder, Dan Nissanoff

Furthermore, Silks has recently entered into a collaboration with The Jockey Club, an esteemed entity in the equestrian realm with its roots tracing back to 1894. Such partnerships are already paving new paths in both the horse racing and digital gaming sectors, introducing novel opportunities for evolution in a sport facing its unique hurdles.

When we look at Game of Silks, we don't just see a game; we see a transformative platform that heralds the future of horse racing. Investing in this round signifies more than a financial commitment - it marks our dedication to forging a partnership that will invigorate and elevate the sport to its glory days when horse racing was the largest spectator sport in the US. We've evaluated numerous Web 3.0 gaming platforms and identified Game of Silks as one of the most innovative and compelling applications of blockchain technology.Duncan Taylor of Taylor Made, the world's largest purveyor of thoroughbred racehorses and one of the strategic investors

Game is revolutionizing the way fans engage with horse racing by offering them a novel viewpoint – as an owner. The game plunges participants into the genuine ownership journey of real-life thoroughbreds, letting them accumulate digital gaming assets mirroring the trajectories of racing horses. Players are celebrated when their digital horses triumph in actual races and play a part in breeding within the physical equestrian world.

Game of Silks, a rapidly expanding blockchain game, positions itself at the forefront of replicating the realm of thoroughbred horse racing within the digital blockchain sphere. Initiated in June 2021 by its Co-founders Dan Nissanoff and Troy Levy, Game of Silks has impressively secured over $10 million from a distinguished group of strategic backers and has naturally fostered a thriving community of over 25,000 aficionados.

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