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Horse Betting Giant PMU Opens Whitelist For NFT Game Stables
PMU is launching a fantasy sports entertainment platform called “Stables” using Tezos-based NFTs.
Stables will enable players to experience “the intensity of horse racing and the endless possibilities of Web3”.
By: XTZ News
10 January 2023
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Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Le Pari mutuel urbain (PMU) is a French betting company whose business is the design, promotion, marketing, and processing of bets on horse races.
With a revenue of 9.561 billion euros and a net profit of 760 million, PMU is a large player in the horse race betting industry.
PMU is launching a fantasy sports entertainment platform called “Stables“ using Tezos-based NFTs.
Stables will enable players to experience “the intensity of horse racing and the endless possibilities of Web3”.
Stables is officially licensed by France Galop and Trot, according to the statement.
“Join a thrilling horse fantasy game and prove that you have what it takes to come out on top. Adopt your own virtual racehorse, compete against other players, and earn rewards to become the top performer in the community.“
Stables uses racetrack data and statistics to establish realistic racing conditions.
Each racehorse NFT has unique specificities based on its real-world twin.
Even though some horses have better stats, the game will have an important strategic element that enables players to increase their success on the tracks.
The Stables website just launched and anyone can join the whitelist, but only by completing quests.
Whitelisted wallets will be able to buy up to 2 NFTs per wallet from the first collection of NFTs. Being early might pay off because early players will collect the rarest racehorses at a fraction of their value.
Payment for the NFTs will be done in XTZ.
Stables is aiming for the Alpha platform launch in Q2 2023.
“We have an economic model in mind, and we say to ourselves that very quickly if we are able to apply the video game economy, and create something with a stake economy, it can very quickly generate several tens or even hundreds of millions of euros in revenue, and therefore become something that has a real impact” – explained Constantin Garreau.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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The Tezos Foundation and Magic, the Wallet-as-a-Service provider, have announced a groundbreaking collaboration aimed at revolutionizing the accessibility and usability of Web3 technologies. This strategic partnership will utilize the pioneering decentralized Tezos blockchain and marks a significant milestone in the journey towards a more inclusive and user-friendly decentralized web experience.
Stables, the Paris-based Web3 Equestrian Fantasy Game, has appointed venture capital veteran Lebnan Nader as Chief Executive Officer. Lebnan Nader, who had founded and run several gaming and technology businesses, will oversee an international expansion as Stables seeks to add horses and attract owners from outside its French home market.
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