A startup using non-fungible tokens to represent digital racing horses has raised a $20 million Series A round.
Virtually Human Studio’s funding round drew participation from investors Andreessen Horowitz and TCG Capital Management, both of which have made notable plays in the NFT space to date.
Through its gaming platform, dubbed ZEN RUN, VHS has developed a so-called metaverse centered around horse training, breeding and racing of the digital variety. Digital horses are created and then sold for real money, with some fetching significant sums on platforms like OpenSea. On ZED RUN, horse owners pay an entry fee and can win prize pools should they win on the digital track.
In a blog post, the firm — founded in 2018 — said it would use the funds to expand its engineering and product teams. VHS also said that, to date, more than $30 million worth of digital racehorse-NFTs have been sold.
“Unlike their real-life counterparts, ZED RUN’s racehorses aren’t bound by the limitation
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