Number
Zed Run sold $18M of digital horses in a single drop
Zed Run, a crypto/NFT digital horse-racing game, did an $18 million horse drop to 2,400 buyers. The top spender paid about $800,000, and the top 100 buyers spent $8.3 million combined.
$18M
Single NFT drop sales · USD
“and, um, it was $18 million in digital horse sales. So they sold $18 million of digital horses to 2,400 buyers. Uh, the top spender paid about $800,000, and the top 100 spenders spent $8.3 million.”
Fact
When speculation IS the product vs. when it just fades
Shaan distinguishes Bitcoin from hype assets like Zed Run, Top Shot, and Clubhouse: for Bitcoin, higher prices from speculation actually make it a better store of value, so speculation creates the product. For games and collectibles, speculation eventually fades and there's nothing left.
“And both games and speculation sort of fade over time with everything except for Bitcoin because For Bitcoin, the speculation is actually what makes it valuable. You know, people speculate that the price will go higher. The higher the price goes, the more it actually is a store of value. So the speculation actually creates the product, whereas that's not the case for ZET.”
Idea
Zed Run: own, race, and breed NFT horses for real cash flow
Shaan breaks down Zed Run, a platform where you buy a digital NFT horse (one of 4 breeds), race it for money, and earn breeding fees when others want to mate with a winning horse. It merges the Tamagotchi 'own your pet' loop with horse-race gambling.
“if you just take that away, it's a game basically, but it merges like the best of like a Tamagotchi where you own your little pet as well as horse racing where you actually race your pet and you can win money gambling on the horse races. And so, and so I know people that have made like $3,000 this week just because their horse was winning. I was doing pretty well and people started paying him to breed with that horse because he had a 25% win rate.”