Revolutionizing Fantasy Gaming with NFTs: A Case Study on AnteFame

The customers of AnteFame are primarily fantasy gaming enthusiasts, particularly those interested in Formula 1. These users are looking for a more immersive and rewarding gaming experience, where they can have a direct impact on the game and also share in the value generated. They are likely to be tech-savvy individuals who are comfortable with or interested in blockchain technology and NFTs. Additionally, professional athletes, especially F1 drivers, are also potential customers as the platform offers them a new way to monetize their likenesses and performance.

The fantasy gaming industry, a multi-billion dollar market, is dominated by a few large companies such as ESPN, Yahoo, FanDuel, and DraftKings. These platforms allow fans to select players, form teams, join leagues, and compete against other users. However, the value generated by these games largely remains with these big companies, with users and athletes having limited opportunities to monetize their participation. Furthermore, users have no real impact on the performance of their roster. This situation presented an opportunity for innovation and disruption, which is what Cydisys aimed to achieve when they partnered with Kaleido to create AnteFame, a blockchain-backed play-to-earn game centered around Formula 1.

AnteFame, powered by Kaleido, leverages blockchain technology to revolutionize the way users are rewarded in fantasy gaming. Similar to traditional platforms, AnteFame allows users to build teams of F1 drivers and compete to be the best manager. However, the game-changing aspect is the introduction of Non-Fungible Tokens (NFTs) as rewards. Users can earn or buy NFTs that represent real-life drivers, and share in the value created by these tokens if the driver climbs the world rankings. Furthermore, users can also become virtual drivers and mint NFTs of themselves to keep or sell, thereby directly impacting the game. Athletes are also incentivized to participate, as they can mint candid photos as NFTs and sell them in the game, retaining 75% of every NFT sold. This gives them more control over how their likeness is used in the game. The platform was built with Kaleido, which allowed for a build without the burdens of a complicated client-side wallet and with zero gas fees.

• AnteFame has successfully disrupted the traditional fantasy gaming landscape by introducing a model that empowers users and athletes. Users now have the ability to directly impact the game and share in the value generated, enhancing their engagement and satisfaction. Athletes, on the other hand, have a new avenue to monetize their likenesses and performance, giving them more control and financial benefits. The platform's use of blockchain technology and NFTs has also addressed some of the major issues in the industry, such as the centralization of value and the lack of user impact on game outcomes. Furthermore, the partnership with Kaleido has allowed for a seamless and cost-effective user experience, paving the way for a new future for web3 gaming.

• Athletes retain 75% of every NFT sold, providing a significant new revenue stream.
• The platform operates with zero gas fees, reducing costs for users.