Zed.run has the breeding. Zed has the racing. And the third element is that you can bet on the actual races with fake money, but in the future, the assumption is that you will be able to bet with real money.
Instead of going out and buying an actual horse, hiring a jockey, and needing a ridiculous amount of money… I could own a digital race horse.
This is a GREAT example of the importance of utility in NFTs. People want to be able to use and/or incorporate their investments into something useful.
Like most other NFT market places, there are still problems with the sites themselves. As I said last week, it is early.
Zed had a drop where you could buy new horses this past weekend and sold out in just a few hours. There were some small hiccups along the way, but that shouldn’t come as a complete surprise.
This blog isn’t about zed. This is about utility in NFTs. Every week, there is a new way for people to understand how NFTs work. As more and more inclusions to the NFT space are welcomed, I am going to stay focused on that singular word: utility.
What can I do with it?
So as we continue to navigate through the early days of NFTs, I want to encourage everyone to keep utility at the forefront of it all.