Silks NFT presents a collection of 10,000 Silks Genesis Avatars dressed in race suits. They are patiently in the Silks Metaverse. Game of Silks’ project breaks down the barriers of NFT folklore, bridging the gap between real life and the crypto world. The rich and varied Metaverse of Silks NFT includes Avatars and Horses as well as Lands and Stables. All NFTs exist in the Silks NFT. The whitelist sale of the Horse-riding Avatars has begun as of March 15, 2022.
These Silk Genesis Avatars will participate in online Metaversal horse races, offer rewards in the form of Fungible tokens to their holders, and contribute to the ever-growing economy in P2E. This article will walk you through the Game of Silk teams NFTs Racecourse, the unique proposition that the Silk NFTs project offers, the relationships between the various collections of NFTs and the sales. Finally, it will show how this project brings the real world closer into the Web 3. Continue reading!
What is Silks NFT?
Silks is a top NFT horse racing project, with unique play-to earn (P2E), mechanics that are directly connected to thoroughbred horse racing. This unique approach to crypto markets has generated colossal interest for Silks since its inception in early 2022.
Silks’ virtual world allows players to own ‘Silks Horses,’ which are 3D representations of real-world thoroughbred racehorses. They are also structured as NFTs. These horses not only look exactly like real-world horses, but also offer owners rewards when a horse wins a race.
These rewards can be purchased in STT, Silks’ native transactional currency. Holders can use the STT coin, one of the most valuable Web3 coins, to purchase a variety of in-game items including additional Silks Horses, plots of virtual terrain, and more – the latter being also NFT-structured.
This context allows us to bring Silks Avatars back into the discussion. These Avatars are each player’s inworld presence, which allows them to interact with other players in Silks’ metaverse. Silks Horses can only be obtained by players who have a Silks Avatar.
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Silks Avatars are unique in that they have a unique combination or colors and patterns. This is the player’s ‘Dynasty Crest’ within Silks’. Each Avatar comes with its own rarity level, which allows players to earn valuable rewards. Silks Avatar owners get access to real-life giveaways and events.
Silks, a top NFT real estate project, is offering a limited-time deal where new users can purchase Silks Avatars to acquire plots on virtual land. After a user has purchased an Avatar, and they keep it for 45 days, they’ll be entitled to an acre in ‘Sky Falls’. This provides the player with a base to keep their Silks Horse once they are released.
Silks NFT Features
Silks NFT Racing
The uniform, which represents each race owner’s identity, is another digital asset. A user must have racing silks NFT to be eligible for horse Silks NFT. The ownership of horses will be represented by racing silks NFT. Horse owners who also own racing Silks NFT will receive tokens for winning races in the real world.
Silks Horses
NFTs players use silks horses to race and receive rewards. You can also trade, sell, or buy horses in the marketplace.
Each one is a digital derivative of one the top 1-year-old thoroughbred thoroughbred racehorses registered in the U.S. Every on-track performance as well as training progress will be recorded and given a token reward.
The blockchain will notify the owner when a real-world horse is set to race. The token reward will be split between the winner and the owner.
Silks NFT Stables
A collection of stables is another part of Silks NFT. Silk Stables can be used to house horses. Horse farms can be built on minimum 10 acres or larger. One virtual stable can be housed on a farm that is smaller than 10 acres. Future versions of the app will allow users to trade farms.
Silks Land
It’s also possible to buy NFTs as land because it is a Metaverse project. Silk NFT horse owners can list their 202,500 acres of virtual property in plots of one acre each. Each plot will be identified by its unique coordinates. These plots will be used for building horse farms. Silk landowners will be rewarded for staking their horses at the farm.
Silks NFT Avatars
Silks is a great NFT game and has everything you need to be one. Below are the top reasons metaverse participants might want to purchase Silks Avatars NFTs.
Resale Value
While Silks Avatars have been promoted for their utility, it is also possible to purchase and sell them through the secondary market. Each Avatar is unique and rare, so some Avatars are more valuable than others.
OpenSea’s Silks Genesis Avatars Collection page shows this. It currently has a floor cost of 0.18ETH ($340). However, many Silks Avatars were sold recently for 5 Ethereum, which is just below $10,000 at the time.
Exclusive Events Access
Silks’ team will host exclusive events and experiences for those who own a Silks Avatar. These events will be organized as the community grows. There is also the possibility of in-person meetups in the future.
Silks Avatar owners can also enter giveaways to win valuable prizes. While details about these giveaways are still being worked out, it is another reason to purchase Silks Avatars.
Prices
Investors in NFTs within Silks must first understand the pricing structure. These digital assets were initially available for purchase on April 27, 2022 at 0.2 ETH, which was $559 at that time.
Silks tweeted within two days that 100 Ethereum had been traded. This is an incredible $292,300, based on the Ethereum price. Silks NFT avatars were in high demand with over 1,400 owners.
Now, Silks Avatars have become a very popular digital asset. These Avatars, as mentioned in the previous section can be purchased via Silks’ website using a ‘batching structure’. The current batch is priced at 0.42ETH ($793).
The price of Silks Avatars may increase depending on their batch number. For example, 500 Avatars in the next batch will cost 0.47 ETH ($888). The process will continue until batch 10 is reached. At that point, each Silks avatar will cost 0.82ETH ($1,550).
This means that the sooner someone buys a Silks Avatar, they will be cheaper. This is combined with the Silks metaverse’s free virtual land, and you can see why there is a surge in demand for these digital assets.
How to access a Horse
A Racing Silks NFT (avatar) will allow users to be eligible for a NFT horse. We will discuss this in a bit. The Horse mint will be held in mid-2022 to commemorate the 20,000 yearlings born between 2021 and 2021. This sale will feature a blind NFT sale. Players will not be able to see what they purchase directly, but will receive it later in their wallet.
Breeding
It’s quite simple. A horse that is successful in racing may be retired to become a broodmare, or stallion. The blockchain rewards the owners of these horses when they breed by distributing $SST equal to a percentage of the foal’s sale price (one-year-old horse).
Horse Staking Mechanism
Horses in Silks, like the real world, need money to live, train, and feed. The owner can stake the horse into a third-party Silks Stable for a percentage of its overall rewards. Private stable owners can also get a % of the earnings from staked horses.
Conclusion
Silk NFT Project is unique in that it brings a new flavour to the NFT industry. This can prove to be a great asset for its owners due to the many reward-generating mechanisms.
