As fantasy sports continue to gain popularity, the number of fans is increasing exponentially. Gammastack reports that the industry of fantasy sports will grow at a compound annual rate (CAGR), of 12.5% through 2022. Also, according to the ExpertMarketResearch, the industry was valued at $18.3 billion in 2020 and is projected to hit $40.6 billion by 2026. Due to growing popularity and fan demand, many blockchain-powered projects are being launched.

Fanfury is a leading platform for blockchain-based fantasy sports. Fanfury is a virtual gaming universe that combines fantasy sports and RPG Lore with blockchain mechanics within a dystopian science fiction setting. Fanfury introduces blockchain technology to fantasy sports in an effort to eliminate the major hurdles. Although there are many blockchain-based fantasy games, Fanfury’s unique staking and gameplay model sets it apart from the rest.

Fanfury has a variety of gameplay and stake features.

Fanfury has been designed specifically to motivate players, incentivize them and encourage them to buy and hold $FURY tokens, harness the network, and to purchase it. Players can place bets securely in an escrow thanks to the low gas costs within the ecosystem. After an event has been verified on the blockchain network the winner will receive the pay-outs. Every player is guaranteed to win some money during gameplay. A minimum of 70% of participants will receive a portion of the prize pool. The remaining players that didn’t win will take a 20% cashback. Cashback cannot be claimed for players who stake $FURY tokens at any Fan club located in the Fanfury Metaverse.

Fanfury reaches an optimal state when all the players play the game. The $FURY token will be useful because there will always be more players than stakers in the protocol. In order to ensure the token has a greater value, the team created a deflationary economy that will reduce the amount of tokens currently in circulation. As 40% of the Rake fees go to stakers, token holders who stake the token are eligible for more tokens. The platform offers more opportunities for players to earn more profit by participating in fan clubs and playing games.

Participants will not only make profits through the gaming, but they also share the Rake fees. The Fanfury platform allows participants to create their own destiny by becoming owners of fan club of teams that support them. You can claim 250 teams on the basis that first-come-first-serve. A deposit of 1000 UST ($FURY) is required before anyone can purchase a team. A team owner can expand the pool of members by inviting them to Fan clubs through social media.

Fanfury Operational Architectural Architecture

Fanfury relies on decentralized data Oracles to accurately report match data, and make sure contests are correctly posted and solved. To identify and list events, the protocol uses oracle scripts as well as data sources. Fanfury Protocol relies on at least three providers of applications programming interface (API), to make sure that validators don’t pull data from the same source.

Conclusion

Fanfury and other projects such as it are helping to keep the industry afloat, attract new fans, and break the boundaries of the traditional fantasy sports platform. More information on the Fanfury project can be found in the whitepaper. The whitepaper explains the work of the Fanfury team, which works around the clock to make this ecosystem valuable for all participants.

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