EXCLUSIVE: Madden Gaming Veteran Leads Play-To-Earn Horse Racing Game Photo Finish Into New Growth Phase: 'More People Racing All Day, Every Day'
Portfolio Pulse from Chris Katje
Ian Cummings, a gaming veteran with experience at Electronic Arts, Zynga, and FanDuel, has led the development of Photo Finish LIVE, a play-to-earn virtual horse racing game under Third Time Entertainment. The game, which utilizes Solana blockchain for its NFTs, offers a new Web3 experience for horse racing enthusiasts, allowing players to race, breed, and stake horses. Cummings aims to attract a broad audience, leveraging his extensive background in gaming. The game has partnered with Churchill Downs, Inc. for a Virtual Kentucky Derby event, aiming for further growth and expansion, including a mobile app launch and obtaining a gambling license in more countries.
April 22, 2024 | 8:18 pm
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NEUTRAL IMPACT
Electronic Arts, as a former employer of Ian Cummings, indirectly benefits from the success of Photo Finish LIVE through association with its gaming veteran.
While Electronic Arts (EA) is not directly involved in Photo Finish LIVE, the success of the game and its development by an EA alumnus could reflect positively on EA by association. It showcases the company's role in developing talent that continues to innovate in the gaming industry. However, this indirect benefit is unlikely to have a significant short-term impact on EA's stock price.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
POSITIVE IMPACT
Churchill Downs, Inc. partners with Photo Finish LIVE for a Virtual Kentucky Derby, indicating potential marketing and user engagement opportunities.
The partnership with Photo Finish LIVE for a Virtual Kentucky Derby event suggests Churchill Downs, Inc. is expanding its digital footprint and engaging with a new audience through innovative Web3 gaming platforms. This strategic move could enhance its brand visibility and attract a younger, tech-savvy demographic, potentially leading to increased user engagement and revenue opportunities through co-marketing efforts.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Photo Finish LIVE's choice of Solana blockchain for its NFTs could increase transaction volume and visibility for SOL, potentially impacting its value.
By selecting Solana blockchain for its NFTs, Photo Finish LIVE directly contributes to the ecosystem, potentially increasing the transaction volume and demand for SOL. This could positively impact Solana's visibility in the gaming and NFT space, possibly leading to an appreciation in SOL's value in the short term, especially if the game gains significant traction and user base.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70