Nina Caput, co-founder of Eqwin: “We use digital to highlight horse racing and make it desirable for young people”

Magazine / 29.10.2022

The race for digitization

NFT fever, digital avatars, metaverses and Web3, are coming to the races. WHO? Why ? How? For this third part of our dossier, we are interested in Eqwin, a “classic” mobile application adapted for racing, whose release is announced for the first half of 2023. [Partie 3/3].

Gallop day. – With a special appearance at BFM Business in September, the Eqwin project has recently been talked about. Can you introduce it to us?

Nina Caput. – The Eqwin initiative was launched in September 2021. We are three partners: Charley Lauffer, Anaïs Izaac and myself. At the beginning of 2022, we completed a seed round of 1.5 million euros with Xavier Niel in particular through his investment fund Kima Ventures and Paris Turf (Matchem Group) as well as a dozen others. business angel. This fundraising has enabled us to recruit around fifteen employees to date. Right now, we’re at a stage where testers are using the platform. The application is now available on the waiting list (limited to 5000 places). The milestone of 1,700 subscribers was surpassed on October 28, and the list is growing by hundreds of new subscribers every day. Eqwin was created as a new gateway to horse racing.

This means?

Eqwin is not gambling, not ownership, but a new way of vibrating in the rhythm of racing. We do not intend to replace reality, we use digital, today’s codes, to highlight horse racing and make it desirable to neophytes and especially to the youth.

You announce that with Eqwin a user of your application will be able to experience the same emotions as the owner. How?

The neophyte should be accompanied as well as encouraged, for example financially, to step into our sector. Eqwin is a new gateway that will allow neophytes to discover our environment and which, hopefully, will make some people want to take the ownership step, which will free up financial flows for operators. paris and that will thrill a wider audience with the pace of racehorses. The concept works like a marketplace where the user will be able to first create their stable, choose their colors, their stable name and then choose the horses they place their hopes on. He can then buy memorabilia of these horses, whose prices vary according to the horses’ real-life performance. The allocation of the race, the horse’s earnings and its place are taken into account. Finally, the user will be able to sell making capital gains or losses depending on the resale price.

You talk about digital relics. What is it about? No NFT, okay?

Eqwin is a “classic” mobile app, so it’s not about blockchain, NFT or cryptocurrencies. I have been a blockchain entrepreneur since 2017 and in the context of Eqwin it was not important to use this technology. A souvenir is an object that we collect because it reminds us of a memorable event, person or animal. It is a Latin term, used especially in the world of Formula 1. We wanted to distinguish ourselves from blockchain-based projects and the qualification of their assets as “NFT cards”, that is why we chose this terminology that refers to the collection, with an emotional dimension.

How many horses are referenced in Eqwin? And how many shares will there be for each horse?

All horses in training in France, from the time they are declared runners in their first race. An Eqwin horse is divided into 100 memories (or units). Each user can buy up to 10 relics. There is no limit to the number of different relics that make up his stable. We offer features that allow you to search, filter and sort horses to add to your stable. Therefore, users will be able to recreate the same team as Jean-Claude Rouget or Sébastien Guarato on the trot.

Eqwin also plans to donate a portion of its proceeds to the industry. You talk about 10%. Where are you on this thread? Will owners be interested if their digital avatar increases in value?

Eqwin is a project that goes beyond company boundaries to serve the interests of the sector. Our system is not fundamentally new and presupposes adaptation to a framework that ensures a fair return to the sector, even if we are a private company. We had arbitrarily agreed to donate 10% of our turnover to the sector. In particular for socio-professionals registered on the platform, including a 3% commission to owners for every transaction related to their horses. Since then, we have had the pleasant surprise of discovering the framework on which the parent companies are currently working to govern the return to the sector of all these innovative projects. The enclosure of the horse, and in particular the owner, will not be damaged by this frame. The fact that parent companies are taking up this topic proves that these new systems, based on an existing value creation – leveraging racing performance – are considered real opportunities for modernization and growth for the sector.

Leave a Comment