Silks is one of the most exciting metaverse platforms available right now, occupying a unique position within the play-to-earn (P2E) gaming niche. Since Silks’ virtual world is rooted in the real world of thoroughbred horse racing, each user must mint a ‘Silks Avatar’ in order to participate.
With that in mind, this guide discusses how to buy Silks Avatars in detail, covering what they are, why they are important, and how we could mint one of these Avatars.
How to Buy Silks Avatars – Quick Steps
Given below is a brief overview of the process investors must follow to buy Silks Avatars, which will likely be the same as buying Silks Horses. We’ll present a more in-depth walkthrough of the process later in this guide.
- Step 1 – Set Up a Crypto Wallet: Set up a crypto wallet compatible with the Ethereum NFT standard (ERC-721). We recommend either MetaMask or Trust Wallet.
- Step 2 – Acquire ETH: Buy Ethereum (ETH) from a reputable broker or exchange. Alternatively, investors can buy Silks Avatars using a credit/debit card through Venly.
- Step 3 – Link Wallet to Silks’ Website: Head to Silks’ website and click ‘Buy Avatars’. On the following page, click ‘Buy with ETH’ and follow the instructions to link a crypto wallet.
- Step 4 – Buy Silks Avatars: Finally, choose the number of Silks Avatars to be purchased and click the ‘Buy’ button to confirm the transaction.
Cryptoassets are a highly volatile unregulated investment product.
What are Silks Avatars NFTs?
Silks has emerged as one of the best NFT horse racing projects, offering unique play-to-earn (P2E) mechanics directly linked to the real world of thoroughbred horse racing. This approach hasn’t been seen before in the crypto market, generating colossal traction for Silks since the project burst onto the scene in early 2022.
Within Silks’ virtual world, players can own ‘Silks Horses’, which are 3D representations of real-world thoroughbred racehorses and are structured as NFTs. However, not only do these horses look like their real-world counterparts, but they also provide the owner with rewards whenever the real horse wins a race.
The first Genesis Yearling Mint for the Silks Horses NFTs is scheduled for September 29th. You will need a Racing Avatar to join the mint and book your spot. The public sale of the second batch of Silks Avatars ended on September 19th. All Avatar holders will be able to mint a Silks Horse at a special price of $500 for the first four days of the Genesis Yearling Mint, between September 29th and October 2nd.
With this context, we can now bring Silks Avatars into the discussion. These Avatars act as each player’s in-world ‘presence’, allowing them to explore and interact with others in Silks’ metaverse. Players must own a Silks Avatar before being able to obtain a Silks Horse, which is why these Avatars are available to mint first.
Silks Avatars have numerous features, including a unique combination of colors and patterns that acts as each player’s ‘Dynasty crest’ within Silks’ world. Each Avatar has its own rarity level and will enable players to accrue valuable rewards. Notably, Silks Avatar owners will also gain access to exclusive real-life events and giveaways.
Finally, as a leading NFT real estate project, Silks is running a limited-time offer whereby new users can acquire plots of virtual land simply by purchasing a Silks Avatar. Once a user purchases an Avatar and holds it for 45 days, they will receive a claim to an acre of ‘Sky Falls’ land. In turn, this provides a base for the player to house their Silks Horse after their release.
Why Buy Silks Avatars NFTs?
As the information above highlights, Silks has all the components needed to become one of the best NFT games of 2024. With that in mind, detailed below are some of the main reasons why metaverse participants may wish to buy Silks Avatars NFTs:
Impressive Resale Value
Although Silks Avatars are promoted for their utility, they can also be purchased and sold through the secondary marketplace. As each Avatar has its own unique design and rarity, specific Avatars are considered more valuable than others.
This is evidenced by the Silks Genesis Avatars Collection page on OpenSea, which currently has a floor price of 0.18 ETH ($340). However, several Silks Avatars have been sold in recent weeks for 5 ETH, which equates to just under $10,000 at the time of writing.
Access to Silks Horses
Naturally, one of the main benefits of owning a Silks Avatar is the ability to mint a Silks Horse. The first Genesis Yearling Mint for the Silks Horses NFTs is scheduled for September 29th and it will mark the first time that users can begin benefitting from Silks’ derivative gaming experience.
Certain horses will be deemed rarer than others due to their bloodline and development history, which makes them more likely to win races. As such, Silks Horses will likely represent the best NFTs for horse racing enthusiasts – meaning Silks Avatars will continue to be in high demand.
Free Plot of Virtual Land
As mentioned earlier, those who purchase a Silks Avatar and hold it for at least 45 days will be awarded a free plot of virtual land in Silks’ metaverse. This land will be located in the ‘Sky Falls’ region of Silks’ world, which serves as the central hub for players.
As such, plots of land in this region are scarce and highly coveted, meaning this limited-time opportunity to acquire one for free has generated tremendous traction for Silks Avatars. Not only can the land plot be traded on the secondary marketplace since it’ll be structured as an NFT, but it can also act as a home base for each user’s Silks Horse.
Ability to Navigate Silks’ Virtual World
Like all of the best metaverse platforms, Silks’ team has created a rich 3D world that players can explore. However, in order to walk around and interact with others, each user must own a Silks Avatar, which acts as their in-world character.
Since each Silks Avatar has a unique design, players are instantly recognizable through their ‘Dynasty crest’. This crest will also decorate each player’s in-game assets (e.g. Silks Horses, stables, estates, land, etc.), allowing them to create a strong virtual identity.
Admission to Exclusive Events and Experiences
Finally, owning a Silks Avatar will provide access to exclusive events and experiences hosted by Silks’ team. These events will be facilitated as the community grows, with the potential for in-person meetups to occur in the future.
What’s more, Silks Avatar owners will also be entered into various giveaways for the chance to win lucrative prizes. Although the details on these giveaways are currently under wraps, this factor provides another reason to buy Silks Avatars.
Silks was launched by a team with years of impressive track record in the horse racing industry. One of the co-founders, Troy Levy, serves as the CEO of Tropical Racing and owns the reputed Circle 8 Farms. Tropical Racing is a multifaceted thoroughbred horse breeding and racing company. The strong leadership and strategic partnerships bring more credibility to Silks.
How Many Silks Avatars Are There?
Those wondering how to buy an NFT in order to participate in Silks’ metaverse will be glad to know that there are 10,000 NFTs contained in the ‘Silks Genesis Avatars Collection’. Each Avatar has its own uniform featuring unique colors, patterns, and traits, ensuring no two players look the same.
As with most new NFT projects, prospective buyers can also purchase Silks Avatars on the secondary marketplace. Since these NFTs are hosted on the Ethereum blockchain, investors can buy Silks Avatars through OpenSea using ETH. However, since prices are set by the NFT’s owner, Silks Avatars listed on OpenSea are often much more expensive than minting directly through the project’s website.
Silks Avatars NFT Price
Those looking to invest in NFTs within the Silks metaverse must first understand how the pricing structure works. In regards to Silks Avatars, these digital assets initially went on sale on April 27, 2022, priced at 0.2 ETH – which equated to $559 at the time.
Within just two days, a tweet from Silks’ Twitter account reported that 100 ETH had already been traded, equalling an impressive $292,300 based on the Ethereum price at the time. There were also over 1,400 unique owners, highlighting the remarkable demand for Silks Avatars.
Cryptoassets are a highly volatile unregulated investment product.
Fast forward to the present day, and Silks Avatars are now an extremely popular digital asset. As highlighted in the previous section, these Avatars can be purchased through Silks’ website through a ‘batching’ structure.
However, the price of Silks Avatars will increase depending on the batch number. This process will continue until batch ten is reached, at which point each Silks Avatar will cost 0.82 ETH ($1,550).
Ultimately, this approach means that the earlier someone purchases a Silks Avatar, the cheaper they’ll be. Combine this with the free plot of virtual land in Silks’ metaverse, and it’s clear why demand is ramping up for these digital assets.
Silk NFT Video Analysis
Silks Avatars NFT Price Prediction
Like all of the best metaverse NFT projects, the value of Silks’ digital assets will naturally rise as the ecosystem becomes more popular. This price inflation will occur since more people will be demanding in-game assets, which causes the price to increase, since the supply of Silks Avatars is fixed at 10,000.
But how much could these Avatars cost in the future? As touched on in the previous section, the final batch of Silks Avatars will be priced at 0.82 ETH ($1,550). However, this ETH/USD conversion is based on the data at the time of writing – so the Avatars could cost even more if ETH continues trending upwards.
This doesn’t consider the price of these Avatars on the secondary marketplace. Specific Avatars will naturally attract a higher price point, such as those with rare accessories (e.g. Anonymous masks). Since the owner can price their Avatar however they please, there is theoretically no upper limit to how these assets could sell for.
How to Buy Silks Avatars NFTs – Detailed Guide
Finally, let’s cover the purchasing process in more detail. Those looking to buy Silks Avatars will be glad to know that the process is relatively simple and can be completed via a laptop, smartphone, or tablet. Below you can find a step-by-step guide on how people could buy avatars, which will likely be same as buying Silks Horses:
Step 1 – Set Up a Crypto Wallet
First thing’s first – prospective buyers will need a crypto wallet to store their Avatar post-purchase. Many of the best crypto wallets support the Ethereum NFT standard (ERC-721); however, for the purposes of this walkthrough, we’ll be using MetaMask.
To set up a MetaMask wallet, head to the MetaMask website and click ‘Download’. Choose the relevant platform on the following page (Chrome, iOS, or Android) and follow the instructions to create the wallet.
Step 2 – Buy Ethereum (ETH)
Cryptoassets are a highly volatile unregulated investment product.
Step 3 – Connect Wallet to Silks Website
Head over to the official Silks website and click ‘Buy Avatars’. On the following page, click the ‘Buy with ETH’ icon and then follow the on-screen instructions to connect a crypto wallet.
Notably, Silks Avatars can also be purchased using a credit or debit card – we’ll explain how to do this in Step 5.
Step 4 – Buy Silks Avatars
After the crypto wallet is connected, all that’s left is to decide how many Silks Avatars will be purchased. Each Avatar comes with one Sky Falls land plot claim – so the more Avatars that a user buys, the more virtual land they will own.
Once everything is correct, click ‘Buy with ETH’ again to confirm the transaction. The Silks Avatar NFT(s) will then be transferred to the crypto wallet that was linked in Step 3.
Cryptoassets are a highly volatile unregulated investment product.
Step 5 (Optional) – Use Credit/Debit Card to Buy Silks Avatars
To make the purchasing process even more accessible, Silks’ team allows interested parties to buy Silks Avatars using a credit or debit card. This process is facilitated through Venly, one of the world’s leading blockchain technology providers.
To buy a Silks Avatar with a credit or debit card, simply click ‘Buy by Card’ on the Silks website. Buyers will then be asked to create a Venly account or log in if they already have one. After this, it’s simply a case of linking a valid card to the account, and Venly will handle the entire conversion process.
How to Buy Silks Avatars – Conclusion
In summary, this guide has presented a detailed overview of how to buy Silks Avatars, covering all the steps involved in the investment process. Although the NFT market has undoubtedly experienced a downturn in recent months, the Silks project remains a standout performer – which is why these Avatars are so highly sought-after.
Cryptoassets are a highly volatile unregulated investment product.