non-fungible tokens

A group of Italians who call South Florida home banded together last year to form Miami IP Stable, a racing stable of American-bought horses to race in Italy. The partners' initial investment worked out so well, they plan on restocking at the upcoming yearlings sale and this time they hope to make use of evolving technology to increase their buying power. Paolo Romanelli, whose roots in Italian racing run deep, spearheaded the partnership. "I have this passion for horse racing because of my family tradition," Romanelli said of the origins...

The sports marketing and technology startup OpenLocker, Inc. has launched OpenStable marketplace, a fan-friendly blockchain platform designed to engage a new generation of Thoroughbred racing fans. The Legendary Racing Prospects Collection of Non-Fungible Tokens (NFTs) will initially include GI Kentucky Derby contender Epicenter and GI Kentucky Oaks hopeful Echo Zulu. OpenLocker is looking to expand its Bone Yard Huskyz Club for sports fans at the University of Connecticut with a platform which allows racing fans to become part of an exclusive community. "We are excited to bring together the technology...

There's an adage in poker playing that says if you take a look around the card table and can't tell who the sucker in the game is, it's you. There's also an old saw about never investing in any business transaction you don't fully understand or can't explain to someone else (or yourself) in fewer than 30 seconds. Nevertheless, the cryptocurrency-styled racehorse trading spree rages on at Zed Run, the online global marketplace that went live in 2018 and has since sold 11,000 "Thoroughbreds" that exist only as digital assets...