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.