4 months ago
22 ARTICLE AD
Fantasy.top sees influencer cards generate over $860,000 in fees.
Influencers from the crypto community on X were turned into a trading card game by the Blast-based game Fantasy.top. In the past four days, the cards related to these influencers reached 9,518 Ether (ETH) in trading volume, according to a Flipside dashboard created by user Hildobby.
The cards’ power level is defined by how regularly the influencers publish with their X account, their follower count, and the reach of their tweets. Moreover, the more an influencer card is used by players, the more they receive from Fantasy.top. The power levels are based on the last seven days.
Fantasy.top leverages the current narrative of social finance, or SocialFi, which is hot after Friend.tech launched its native token FRIEND. FRIEND launched at an initial price of $3.03 but fell sharply in just three hours to $0.89. However, the token made a significant recovery to $2.19 at the time of writing.
A crypto researcher known as DeFi Edge explained in his newsletter that Fantasy.top is better than Friend.tech at aligning the interests of users, influencers, and the protocol itself.
“Influencers will get a share of revenue from: users/card traders want to buy cards from their favorite influencers; influencers are intrinsically motivated to improve their X engagement; this boosts their points, so users and influencers are perfectly aligned; the platform is giving money to influencers whose cards are used in competitions, so influencers are happy; the protocol wants more traders and influencers on their platform, so they’ll keep shipping features to make Fantasy.top more attractive.”
Influencers receive 1.5% of all the fees collected from the trading volume of their respective cards, and also a 10% cut on pack sales which is split between the cards discovered. Packs are like boosters found in traditional trading card games, where a user gets random cards by opening them. At the time of writing, the platform’s marketplace generated 285.5 ETH in fees, equivalent to $863,000.
The Fantasy.top platform is only accessible with referral codes, and it doesn’t have a native token yet.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
