How Will The Blockchain Change Fantasy Football
Football in the UK is the most popular game by far and it has the most passionate fans that are willing to follow their team around the world. In the offices across the United Kingdom, you will find lots of friendly banter happen depending on results. Fantasy football takes things to the next level as it allows fans to become more involved and show that they can do a better job of picking a team than the professional managers along with their friends. With jackpots over 1,000,000 pounds for punters that guess the best combination of players, its popularity is on the rise and new technology is helping to take it to new heights.
Casino games remain popular in the UK and top providers such as GameStop Casinos are seeing major growth. The millennial generation is demanding that casinos offer more skill-based games with fantasy football at the top of their list so in 2020 expect to see more operators add titles to cater to this demand. The blockchain is also playing a major role in the advancement of gambling and this article I will talk about how it is impacting Fantasy Football.
Blockchain Fantasy Football
Many developers are working on blockchain systems to help transform the gambling industry. With the vast ever-growing demand for Fantasy Football, there is a race on to see who can create the leading crypto-based model. Cryptocurrency is the perfect solution as it enables digital assets to be created that are ultra-secure along with simple to transfer. It means that players can become digital assets which will create a brand new marketplace.
What makes it exciting for fans is that cryptocurrency can be used as a valuation tool for all players. The more demand to purchase a player, the greater the price so it will give a true valuation of fantasy football players. It will also mean that if a player has a bad game that their valuation will go down so it gives them an extra incentive to perform well.
Fantasy football games on the blockchain can be fully automated by smart contracts. It means that payouts for winners can be done autonomously by smart code which is all carried out decentralized so no meddling is possible. This will save a fortune in running costs that can be passed onto the players along with makes it 100% accurate along with ultra-secure.
Final Thoughts
There are many groundbreaking advantages to using the blockchain to create fantasy football platforms so it is inevitable that they will become the mainstream option in the future. Cryptocurrency will add a new dimension and could become a vital component of the football industry in the years to come. It will help to solve many present issues such as player contracts along with creating new marketplaces that will increase the popularity of the sport. There are still several years to go before punters are knowledgeable enough about cryptocurrencies to help with adoption but once the cat is out of the bag, it will not take long for it to take over.
