It’s that time of the year again. You can smell it in the air. Football is back. And with football comes everyone’s favorite: fantasy football. However, this year’s a little different because now you can play fantasy football using your crypto.
Playing fantasy football with crypto
Fantasy sports, sports betting, and daily fantasy have exploded over the last few years. As they grow, so does crypto. Now, you can use crypto to play fantasy, and each platform has a different way of incorporating crypto and NFTs.
With some platforms, like Digital Fantasy Sports, or Fanspel, you can play fantasy sports and pay your entry fees or make transactions using crypto. When, or if, you win your league, you’re paid out in crypto as well.
With other blockchain-based platforms like UFF Sports, you can purchase digital assets of players, franchises, and draft picks and acts like a full-on digital general manager of your team. You can trade NFTs of players or draft picks for different ones or hold onto your assets and watch them grow. This is more a spinoff of a dynasty fantasy league, but your crypto’s value increases as your players progress through their careers.
What’s the benefit of merging fantasy and crypto?
Adding crypto to fantasy sports gamifies crypto and gets people more interested in fantasy sports and sports as a whole. Although it’s not always great to gamify your money, in this case, it keeps you interested and looking for the best ways to improve your portfolio. But make sure you don’t bite off more than you can chew. It may be fun, but at the end of the day, it’s still your cold hard cash you’re playing with.
So what do you think? Are you running to your league’s commissioner and pitching him a crypto platform? Or are you not on board with making a game out of your precious crypto? Let us know in the comments below.