Horse racing metaverse Oly Sport secures $2m

Oly Sport, a unique metaverse platform combining horse racing, NFTs, blockchain, and real estate, has raised $2 million in its strategic sales round lasting 10 days, joined by leading blockchain investors.

More than ten strategic investors participated in the round, which was led by BSCStation (the global NFT launchpad for top GameFi projects on the blockchain game market). Other investors in the round included X21, Everse Capital, Genblock Capital, Redkite, Halvings Capital, Basics Capital, Reblock, Onebit Ventures, BV Capital, G. Crypto, ZBS Capital, and VBC Ventures.

This round will serve as Oly Sport’s launchpad for its upcoming IDO, where the platform’s $OLY token will make its market debut at $0.06 per token. The team is on track to have the game launched in December 2021.

Oly Sport made a name for itself as the first metaverse where virtual land is backed by real land. However, the company has its eye towards the future; building a gaming economy that welcomes all participants, while addressing some of the biggest challenges plaguing the worlds of NFT, finance, and real estate.

Oly Sport looks to elevate horse racing and ownership with its metaverse, where it will recreate the experience of owning, grooming, and caring for a racehorse at a small fraction of the cost of owning a real one. Furthermore, Oly Sport has no gambling feature because it is not ethically, culturally, and legally accepted in many countries.

Players can also own virtual NFT land, which is backed by real estate with real value. Although the physical land itself is not for sale, players can make money through ownership of an earnout interest in the Oly Sport’s subsidiary that owns the land. This provides a level of security for players investing in the NFT market, which can be volatile.

Oly Sport was founded by Jimmy Chan and Alex Chan, both are alumni from Schulich School of Business, York University. Alex worked in the software industry for five years, helping companies like 500px and Fiix Software secure exits.

Jimmy is best known for founding Odyssey 3D (O3D), a top-1% globally ranked real estate virtual reality and 3D modeling company in Toronto. After winning first prize at the Schulich Start Up Night pitch competition in 2016, the company garnered a large following in and around Toronto, ultimately growing into one of the leading virtual real estate marketing companies there.

Their vision for Oly Sport is to connect people as a global collective in order to solve the global threats that lie ahead.

“What humanity does in the next 10-20 years will determine the survival of our species. Ideas like Oly Sport’s metaverse will unify the global finance and real estate market – creating a common ground for people to relate, connect, and work together to solve global challenges.”, says Jimmy.

Jimmy wants to accomplish this with his bold vision. He describes, “In the future, brick & mortar banking will be obsolete, real estate can be purchased in percentage shares by people around the world, and investors can make a living playing video games. Oly Sport will be the go-to platform to entertain, connect, and live.”

NFT gaming has exploded in popularity alongside the rise of blockchain technology, with the gaming market expected to eclipse $180 billion by the end of this year. Combining the traditional finance and real estate industries, Oly Sport is looking to disrupt a trillion-dollar-plus combined market.

Oly Sport’s IDO launched yesterday on BSCStation and will launch Nov. 6 on GameFi.

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