The buzz around soccer is not just confined to the field anymore. It has made its way into the world of crypto trading, thanks to the emergence of Football.fun—an on-chain ecosystem that has caught the attention of both crypto enthusiasts and soccer fans alike.
Football.fun operates on Coinbase’s Ethereum layer-2 network, Base, allowing users to purchase shares in their favorite soccer players from top leagues like the English Premier League (EPL), La Liga, and Bundesliga. These shares represent the players in fantasy contests that mirror their real-life performance, while also functioning as crypto tokens that can be bought and sold like other popular digital assets.
The platform has witnessed exponential growth, with the total market cap of player shares skyrocketing from $6 million to over $65 million since August 12. This surge in popularity can be attributed to the unique blend of trading cards, fantasy sports, and crypto trading that Football.fun offers.
Users can acquire player shares through two avenues: the open market using Gold (GOLD), the platform’s market currency backed by stablecoin USDC, or by purchasing packs with tournament points (TP) earned through participation in biweekly fantasy contests. These packs contain shares of four random players, with different tiers and prices catering to varying user preferences.
The prices of player shares are determined by market supply and demand, with top players like Lamine Yamal and Kylian Mbappe priced at 1.61 GOLD and 1.22 GOLD per share, respectively. On the other hand, shares of less established players can be acquired for as low as $0.02 per share.
Beyond speculation, player shares serve a practical purpose on Football.fun. Users can assemble squads using these shares to compete in biweekly tournaments, where player performances translate into points. The top-performing players in each tournament are rewarded with Tournament Points (TP) and Skill Points, which can be used to promote players within the active squad.
A unique feature of Football.fun is the concept of player contracts. Each share comes with four contracts, allowing users to include the player in their squad for four tournaments. After exhausting these contracts, users must renew them or purchase more shares to continue using the player in tournaments.
Despite being in its early stages, Football.fun has already attracted over 12,000 depositors for its pro product, with more than 3 million GOLD waiting to be used for purchasing shares on the open market. The platform has plans to introduce a scouting system in the future to expand the pool of available soccer players.
In conclusion, Football.fun is revolutionizing the intersection of soccer fandom and crypto trading, offering users a unique and engaging platform to interact with their favorite players while exploring the world of digital assets. With its rapid growth and innovative features, Football.fun is set to leave a lasting impact on the crypto and sports communities alike.