Virtual Human Studios confirmed an announcement outweighing the expectations of blockchain analysts on July 21st, 2021. Confirmations were made that USD 20 Million was obtained in the series-a funding round, which sustained significant contributions by largescale firms like Andreessen Horowitz. There were additional investments from Red Bear Ventures and the TCG Group.
The most prominent investment was distributed by the TCG Group, whereby the Vice President was quoted on record saying that Virtual Human Studios is establishing the future of digital entertainment & creating new methods of consumer relations. VP Jacob Smilovits support over VHS could prompt technological advancements in the blockchain marketplace.
Virtual Human Studios designed ZED, a blockchain product that allows participants to purchase & auction horses for racing purposes. It’s a virtually designed product, meaning live elements are alleviated, and horses aren’t subjugated in the process. This virtual method allows VHS to initialize cyberpunk aesthetics into ZED, which escalated the associated excitement for players and prompted this game into popularity. That growth started the Series-A Funding Round, whereby $20 Million was acquired to develop ZED Run. This is the highly anticipated sequel to ZED.
TCG Venture Capital Group & Virtual Human Studios
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Partnered relationships with TCG Venture Capital Group began for VHS when initializing their series-a funding round. They’d gain the financial interest of TCG, which has invested in superior services used in modern society today. That includes Barstool Sports & Twitter. However, recent investments have leaned towards virtual cryptocurrency-related products. That’s evident by TCGs investment into Dapper Labs and VHS Studios.
Blockchain enthusiasts that haven’t heard of ZED will find themselves intrigued with the accessible monetary rewards. That’s because this cryptocurrency-designed horseracing product is constructed around Ethereum deposits. There’ll be four levels players can enter, whereby each level increases in difficulty & payout valuation.
By reaching the highest level of Nakamoto, large quantities of Ethereum can be ascertained. An example would be when ZED initialized their “Million Dollar Drop Giveaway”. This temporary tournament distributed 38+ Thousand payouts that differed in valuation. Why? Because 38+ Thousand Genesis Horses were acquirable for this virtual tournament. After the competition was completed, 14 thousand Horses remained for acquisition on ZED.
The blockchain nature of ZED Horseracing means there’s a limited number of accessible horses. Inevitably, all horses will be sold & trading mentalities will be evoked on ZED. That’s what prompted the continued development of ZED Run, as it’ll refill the accessible and purchasable horses.
The Competition & Future
Virtual Human Studios will sustain competition in their upcoming endeavours; as announcements were issued, Polygon Studios has initialized a game development division. The influence Polygon maintains over blockchain industries worldwide could prompt difficulties for VHS. However, partnering with the TCG Venture Capital Group will provide VHS financial protection as they launch ZED Run.
The Chief Executive Officer of VHS Studios noted that blockchain gaming could establish an economy for creators. Chris Laurent believes that a secondary economy within ZED Run is possible, whereby participants could interact with Stable Owners & Breeders to purchase an assortment of virtual items like accessory designer clothes for their horses. Accomplishing this task won’t be easily ascertained for CEO Laurent. However, with the new partnerships that VHS Studios have made, it’s possible.