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Fantasy sports games that provide digital ownership and better fan engagement are one of the most exciting near-term consumer applications in crypto.
The top 3 crypto fantasy sports games have amassed combine sales of over $10m with nearly half from peer trading. Thread
The top 3 crypto fantasy sports games have amassed combine sales of over $10m with nearly half from peer trading. Thread
1/ According to PWC’s 2020 sports survey, betting and fantasy sports show the greatest potential for growth at 7.2% over the next 3-5 years.
NBA Top Shot currently holds the top spot by sales volume and continues to grow at an impressive rate. https://messari.io/article/fantasy-sports-crypto-s-next-consumer-application?utm_source=MasonNystrom&utm_medium=ledetweet&utm_campaign=fantasysports
NBA Top Shot currently holds the top spot by sales volume and continues to grow at an impressive rate. https://messari.io/article/fantasy-sports-crypto-s-next-consumer-application?utm_source=MasonNystrom&utm_medium=ledetweet&utm_campaign=fantasysports
2/ Sorare – the fantasy football (soccer for us American ingrates) – leads its fantasy sports competitors in P2P trading showcasing the robust community and marketplace it’s developed.
3/ MLB Champions takes the third spot with over $1.5 million in NFT sales and with the lowest average NFT price of $16.
4/ As an asset class, trading cards are historically uncorrelated to the stock market with the top 100 cards outperforming the S&P 500.
5/ NFT trading cards will likely outperform traditional trading cards because Sorare NFTs maintain fantasy utility value until a player retires.
Still, crypto trading cards will likely mirror the PWCC index where the top cards vastly outperform the long tail of cards.
Still, crypto trading cards will likely mirror the PWCC index where the top cards vastly outperform the long tail of cards.
6/ Fantasy sports are poised to be an area of growth for the foreseeable future.
As a whole, the industry presents one of the most promising applications that can bring millions of non-crypto native users into the crypto ecosystem. https://messari.io/article/fantasy-sports-crypto-s-next-consumer-application?utm_source=MasonNystrom&utm_medium=ledetweet&utm_campaign=fantasysports
As a whole, the industry presents one of the most promising applications that can bring millions of non-crypto native users into the crypto ecosystem. https://messari.io/article/fantasy-sports-crypto-s-next-consumer-application?utm_source=MasonNystrom&utm_medium=ledetweet&utm_campaign=fantasysports
