nft game Co-Relation b/w NFT and Fantasy Sports: You should know

[Manu Sharma]

In this topic, we will discuss about co-realtion b/w Fatnasy sports & NFT. In sometimes ago we heard about NFT its trending with hashtag on social media channels. Let'start topic

What is NFT? 

An NFT or non-fungible token is a unique digital certificate that states that you are the owner of something on the internet. An NFT is created on the (Ethereum) blockchain, and that technology guarantees the ownership of the certificate. You typically buy an NFT using some form of cryptocurrency. It’s a great way for digital artists to monetize their online creations.

NFT and Fantasy Sports

Since we at Fan Arena are specialized in fantasy sports, we are monitoring what happens in the NFT Fantasy Sports Development space. The most prominent example is Sorare, a platform which is a mix of trading Panini-like cards and fantasy sports. People buy, sell and collect Sorare cards and use these cards to enter fantasy football tournaments to win prizes. The non-fungible part of it all is that each season there are only 100 rares, 10 super rares and 1 unique card of each player.

 

There are broadly 3 roads you can take when thinking about a Fantasy Sports game concept.

1. Free to play

2. Pay to play

3. Pay to win