Game of Silks Raises $5M in Second Financing Round, Moving Blockchain Gaming Investors Off The Sidelines
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BOCA RATON, Fla., October 11, 2023-- Game of Silks (“Silks”), the first blockchain gaming platform to mirror the real world of thoroughbred horse racing, has announced that it has closed its Series Seed 2 round, raising $5 million from a prominent group of strategic investors. With funding for blockchain gaming at a virtual standstill, this infusion of strategic capital solidifies Silks’ standing as a leader in the rapidly growing category of blockchain fantasy sports and establishes it as the definitive blockchain gaming platform for the sport of horse racing.
"Securing this funding in such a difficult economic environment is a testament to the promise of blockchain gaming and a nod to our early success as one of the few companies growing rapidly in the space. In a market where most companies are struggling to secure capital, we've demonstrated that the category of blockchain fantasy sports is alive and well, and poised to redefine fan engagement in the sport of kings,” said Silks CEO and Co-Founder, Dan Nissanoff. “This capital empowers us to continue to pioneer a new era of gaming where gamified digital collectibles create unprecedented fandom in real-world horse racing and bring people closer to a sport loved by millions around the world. We are reshaping the future of horse racing, blockchain gaming, and fantasy sports.”
The capital raise arrives at a pivotal time, following Silks' groundbreaking partnerships with industry juggernauts including NYRA, NYRA BETS, Saratoga Race Track, Belmont Race Track, Aqueduct, and FOX Sports’ Americas Best Racing. Additionally, Silks recently partnered with The Jockey Club, perhaps the most recognized organization in the sport of kings, founded in 1894. These collaborations have already begun to reshape the landscape of horse racing and digital gaming, offering a new avenue for growth in a sport facing numerous challenges.
"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,” said Duncan Taylor of Taylor Made, the world’s largest seller of thoroughbred race horses, and one of the strategic investors in this round. “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 looked at countless Web 3.0 gaming platforms and found Game of Silks to be one of the most innovative and compelling use cases for blockchain technology,” said Lloyd Purser of FunFair Ventures, another investor in this round.
Silks is revolutionizing fandom in horse racing by allowing fans to enjoy the sport in a new way - through the lens of an owner. The game simulates the ownership of real-world thoroughbreds as players collect digital gaming assets that track the careers of all race horses and reward players when the real horses they own in the game win races and breed in the real world.
For more information or to become a player, visit silks.io or join the Silks Discord channel.
About Game of Silks
Game of Silks is one of the fastest-growing blockchain games and is the first blockchain gaming platform to mirror the real world of thoroughbred horse racing. Launched in June 2021 by Co-founders Dan Nissanoff and Troy Levy, Game of Silks has attracted over $10m in capital from prominent strategic investors and boasts an organically grown community of over 25,000 people. For more information, visit silks.io or join the Silks Discord.