Welcome to DeFiHorse, a new concept in horse racing and breeding. As the use of cryptocurrency grows year after year, businesses all around the world are developing and incorporating this cutting-edge technology into their operations. The team has done some Market Research on Esport Audience Growth and discovered that the Asia Pacific market accounts for 52% of the pie market Game Online.
Another aspect of blockchain that has been blown up recently is NFTs. While the market size of NFTs is still quite small as the secondary trading volume is at 2-3 million USD, the technology used in NFTs is expected to bring about new changes to not only the collectibles industry but also the blockchain world in upcoming NFTs are another feature of blockchain that has lately gained popularity. While the market for NFTs is still fairly small, with secondary trade volumes of only 2-3 million USD, the technology utilized in NFTs is projected to bring about significant improvements to not only the collectibles business but also the blockchain world in the next years.
Those are reasons why the Team of this project decided to come up with a fascinating idea is to combine two major trends at the moment: NFTs and video games. This combination has created something truly unique.
What is DeFiHorse?
DefiHorse is a blockchain-based horse racing environment in which users can earn tokens by battling for their horse and contributing to the ecosystem. Players can use DFH, the platform’s utility token, to compete, gather, grow, and breed their horses, as well as monetize their gaming experiences on the Binance Smart Chain.
NFT in-game is a game-changing concept that is revolutionizing the gaming industry as a new approach to operate and monitor the in-game economy. Third parties can simply review all NFT assets and DefiHouse genetic data, allowing community developers to create their own tools and experiences in the DeFiHorse World.
Outstanding Features
What is the project trying to achieve?
The DefiHorse team’s objective is to develop a world in which people may play, share, trade, and breed their own horses without relying on centralized authority. The team’s objective is to entirely disclose the Defihorse so that gamers may enjoy safe copyright ownership while earning NFT.
These advances, according to the DeFiHorse team, are critical. Every year, the industry has grown substantially since its inception. However, there are several issues that cannot be addressed, such as:
The centralization of players’ own material in all previous game releases restricts rights and ownership.
Centralizing control over virtual asset trading is a big issue since it prevents players/owners from receiving a fair value for their creations and assets.
Existing game marketplaces are built on in-game and real-world fiat, both of which have several issues such as credit card fraud, money hacking, thievery, inflation, and so on. These issues may significantly destabilize in-game economy and create poor experiences for players.
By addressing these problems, DeFiHorse can help to enhance future growth.
What are unique selling points?
Horse-racing
All unraced racehorses start off as Faunus racehorses. Each unraced racehorse will be assigned a basic rating based on its Genotype.
The aim for this is to combine racehorses with similar talents following their first Faunus race. The base grade will be applied to all racehorses in the ecosystem, including existing racehorses.
It is critical to understand that the Faunus Class serves as an entry point or a grading race to see how your racehorse performs. All unraced racehorses will be classified as Faunus Class. Faunus Class racehorses can only compete in Faunus Class races.
After competing in a Faunus Class race, your racehorse will be transferred to Class 2, Class 3, Class 4, or Class 5 based on its performance in the first race.
Horseverse
At a later stage of the road map, Defihorse will dive into the deep digital world of the metaverse. Horseverse will be integrated with the metaverse gaming platforms like Decentraland, Sandbox, etc
Players can own their racing courses to invite friends or other players on metaverse to join in the game. Or you can bring your horses to other platforms and interact, meet up with other users.
Digital Economic Ecosystem
DeFiHorse can be monetized in various ways:
NFT asset sales – There will be periodical drops in the DefiHorse platform where participants can acquire assets like as horses and racecourses.
They would charge a small fee on all platform transactions: NFT horse sales, racing, breeding, and so on
Fee structure
Fees are applied on the platform for every transaction. The amount of the fee is determined by the type of transaction.
Transaction
Fee
NFT horses sales
4.25%
NFT horse breeding
15-30% total Stub Fee
Participating in the race
2% of entry fee
Stub fee = Base Price x {[Bloodline Weighting x 80%] + [Breed Type Weighting x 20%]} x Breeding With Your Own Stable Discount (if applicable)
Cyberpunk Style
Cyberpunk is a science fiction subgenre set in a dystopian future that focuses on a “combination of lowlife and high tech”, and the Project’s Art Team was inspired by it while designing the look of in-game Racehorses.
