Fantasy sport is an activity, which basically portrays the use of superior brain power in order to bring imaginations to life. In this game, users assemble imaginary teams of real players of a professional sport. As per the Fantasy Sports Trade Association, there are about 15 million people playing fantasy football and spending about $150 a year on average, making it a thriving $1.5 billion industry. blockchain technology has found a use case in Fantasy sport in the form of Fantasy Gold Coin.
According to its official website, the project is basically about the in-game currency used in contesting and paying of prizes. It also functions as a payment network. As an open source crypto blockchain, Fantasy Gold Coin has provisions for fantasy sports developers to develops and incorporate their unique applications, any user that is able to amass up to 10,000 Fantasy Gold Coins (FGC) will be able to run a Raspberry Pi or a Master node on a basic VPS.
Several sports contest are to be hosted on the Fantasy Gold Coin branded website, and these sports contest will be hosted daily. The company’s website is DraftDaily.com, and there, users of the website are given the opportunity to compete with and against each other. The company’s proprietary Daily Fantasy Sports (“DFS”) platform is what its website uses.
On the website, there are daily and weekly fantasy sports contests offered, which allows winners to be awarded various prizes in Fantasy Gold Coin.
Fantasy sports leagues that are operational on the website includes MLB, NFL, NHL, and NBA. Fantasy Cricket is another fantasy sports league that the project is hoping to add soon, and this will be launched in 2019, after which Fantasy Soccer will be launched. On these fantasy sports leagues, purchases are done with the Fantasy Gold Coins, and users can buy coins directly with their Debit and Credit Cards.
The effect of the mainstream audience when it comes to the success of a blockchain project can never be sidelined. With an increasing interest in Fantasy sport, Fantasy Gold Coin is expected to gain ground and further drive the advancement of blockchain technology.
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