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Fantasy Games & Web3: All You Need To Know

Fantasy Games & Web3 All You Need To Know

What are fantasy games?

A fantasy game is a type of online game in which players create and manage virtual teams made up of fictional or real-world athletes. These teams compete against each other based on the actual performance of the athletes in real-life sporting events. In a fantasy game, players choose and manage their team’s roster, make trades and pickups, and track statistics for each athlete in their line-up. The goal is to assemble the best team possible and compete against other players’ teams to win a championship or other prizes. Fantasy games are often played in online leagues, and can be based on a wide variety of sports, including football, basketball, baseball, soccer, and hockey.

Web 3 technology and Fantasy gaming: 

Fantasy games are a popular form of entertainment that allows people to engage with their favorite sports and teams in a unique way. The rise of web 3.0 technology has opened up new possibilities for these games, creating exciting opportunities for developers and players alike.

Web 3.0 technology, which is also known as the decentralized web, allows for more secure, transparent, and efficient transactions online. This technology has enabled the creation of blockchain-based games, which offer a range of benefits to players, including increased ownership and control over their in-game assets, more transparent and secure transactions, and the potential to earn real-world rewards.

Some popular fantasy games in the web 3.0 space include games like “Sorare” and “Axie Infinity.” Sorare is a blockchain-based fantasy soccer game that allows players to collect and trade digital cards representing real-world soccer players. These cards are unique and are verified on the blockchain, making them scarce and valuable. Axie Infinity is a blockchain-based game that allows players to collect and breed digital creatures called “Axies,” which they can use to battle other players in a turn-based combat system. Players can earn in-game rewards and trade their Axies on a marketplace for real-world currency.

As web 3.0 technology continues to advance, we can expect to see even more innovative and exciting fantasy games emerge. These games have the potential to transform the way we interact with our favorite sports and teams, providing new ways to engage, compete, and earn rewards.

Popular Web 3 Games: 

There are several popular fantasy games in the Web3 space. Here are a few examples:

  1. Axie Infinity: a blockchain-based game that allows players to collect and battle creatures called Axies.
  2. The Sandbox: a virtual world that allows players to build, own, and monetize their own gaming experiences.
  3. My Neighbor Alice: a multiplayer blockchain game where players can buy and own virtual land, as well as interact with various non-fungible token (NFT) characters.
  4. Splinterlands: a collectible card game that uses blockchain technology to allow players to buy, sell, and trade cards.
  5. Gods Unchained: a digital collectible card game that lets players buy and sell unique cards as NFTs.

These are just a few examples of the many innovative and popular fantasy games that are emerging in the Web3 space. To stay updated with latest Web 3 games & other important updates, follow our official social media handles and subscribe our newsletter below.

What are Web3 games?

Web3 gaming is a distributed process where games are hosted on the blockchain, making them unhackable. With no single point of failure, blockchain-based gaming relies on voting consensus to modify the gaming process and is equally accessible to all the players engaged on the network.

How does a Fantasy Game work?

While in a fantasy gaming application, you will not be betting on real-world athletes. Still, also you will be competing against another user of the application. However, all these players are competing on the application dependent on its statistical performance, and their performance is converted into points.

Is fantasy gambling?

Unlike traditional sports betting, fantasy sports are generally viewed as “games of skill,” rather than “games of chance,” thus exempting them from gambling bans and regulations in many jurisdictions.

Is Disney a fantasy genre?

Second, Disney is well known for fantasy, particularly its animated fantasy films. This is because they have a long history of adapting folk tales, many of which are now considered Disney classics. Hence, Disney has made far more films in fantasy than science fiction.

Are fantasy games legal in India?

The Supreme Court in its judgment has upheld the legality of fantasy sports as it requires considerable skill and judgment. Fantasy sports are a legitimate business in India and do not fall under the Public Gambling Act, of 1867.

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