Kia Joorabchian pulls plug on cryptocurrency ownership initiative to focus on new online gaming project
Omnihorse, the brainchild of Kia Joorabchian that promised last year to revolutionise how the public interacted with racing via their ownership of digital assets bought with cryptocurrency, is set to disappear by the end of the month.
The non-fungible tokens (NFTs) that were to underpin the ambitious project, which senior figures within the organisation claimed would result in a $1 billion stable of 2,000 racehorses, are being bought back by Omnihorse, which is to be rebranded as Helix Derby and will focus exclusively on online gaming.
Speaking at Tattersalls in Newmarket on Wednesday, Joorabchian said: “We’re moving into gaming, we’re going full-blown gaming now. We’re moving away from NFTs and into a gaming project, but it’s something that requires a longer discussion.”
Read the full story
Read award-winning journalism from the best writers in racing, with exclusive news, interviews, columns, investigations, stable tours and subscriber-only emails.
Subscribe to unlock
- Racing Post digital newspaper (worth over £100 per month)
- Award-winning journalism from the best writers in racing
- Expert tips from the likes of Tom Segal and Paul Kealy
- Replays and results analysis from all UK and Irish racecourses
- Form study tools including the Pro Card and Horse Tracker
- Extensive archive of statistics covering horses, trainers, jockeys, owners, pedigree and sales data
Already a subscriber?Log in
Published on inBritain
Last updated
Copy- Going expected to deteriorate at weekend meetings with weather warning in place | Ffos Las succumbs to waterlogging
- Yield up but turnover down as Levy Board outlines 'significant challenges' facing British racing
- 'We're still on cloud nine' - Faye Bramley could return to Cheltenham with Glengouly on New Year's Day
- Robbie Wilders believes it's all to play for in the King George despite Willie Mullins holding his strongest hand yet
- Owners retire 'remarkable' Cheltenham Festival and Becher Chase winner and look to the future with exciting juvenile
- Going expected to deteriorate at weekend meetings with weather warning in place | Ffos Las succumbs to waterlogging
- Yield up but turnover down as Levy Board outlines 'significant challenges' facing British racing
- 'We're still on cloud nine' - Faye Bramley could return to Cheltenham with Glengouly on New Year's Day
- Robbie Wilders believes it's all to play for in the King George despite Willie Mullins holding his strongest hand yet
- Owners retire 'remarkable' Cheltenham Festival and Becher Chase winner and look to the future with exciting juvenile