Pasadena, CA, January 05, 2023 –(PR.com)– Just because horse racing is limited to people willing to put a lot of wealth behind it (https://horseracingsense.com/is-sport-horse-racing-dying-industry/), doesn’t mean there’s no space for a web3 project. In fact, many have discussed the possibility of applying blockchain technology to secure the horse racing industry.

As ownership legislation is hard to establish in the web3 world, a few NFT projects chose a different route. Without actually owning a horse, users of certain NFT projects are enabled to join IRL jockey clubs and private boxes in racecourses. How do they achieve this?

Today, Richard Coughlan, an OG member of Omnihorse, shared his view upon this NFT project asset-backed by real-world racehorses. From a traditional point of view, Richard pointed out the problems horse racing is facing today, and potential solutions to fix it.

Before getting his hands on NFTs, Richard had…