FundFantasy Lets Users Assemble Portfolios to Compete for Money
Justin Lam — August 31, 2018 — Tech
References: fundfantasy & cointelegraph
Investing in the crypto market can come with a host of complicated terms and concepts but FundFantasy is hoping to gamify this process by allowing investors to function as players competing against one another. Known as the FundFantasy 'Financial Fantasy Contest Platform,' this unique investment opportunity tasks "players" with create the best investing portfolio and eventually winning prize money. This concept borrows heavily from fantasy sports leagues, but raises the stakes and focuses primarily on crypto investing.
According to FundFantasy, this new platform essentially offers a solution where users can safely bet on a range of assets without the risk of losing considerable sums of money. The platform does still allow for large sums to be acquired and users can even submit their portfolios from four asset classes: cryptocurrencies, fiat currencies, commodities and stocks.
Image Credit: FundFantasy
According to FundFantasy, this new platform essentially offers a solution where users can safely bet on a range of assets without the risk of losing considerable sums of money. The platform does still allow for large sums to be acquired and users can even submit their portfolios from four asset classes: cryptocurrencies, fiat currencies, commodities and stocks.
Image Credit: FundFantasy
Trend Themes
1. Gamified Investing - FundFantasy gamifies the investing process, allowing users to compete against each other by creating portfolios and potentially winning prize money.
2. Safe Betting on Assets - FundFantasy provides a platform where users can bet on a range of assets without the risk of losing significant amounts of money.
3. Fantasy Sports for Crypto Investing - FundFantasy borrows from the concept of fantasy sports leagues and applies it to the world of crypto investing.
Industry Implications
1. Financial Technology (fintech) - The gamification of investing can disrupt the FinTech industry by attracting new users and making investing more accessible and engaging.
2. Cryptocurrency - FundFantasy's focus on crypto investing opens up opportunities for disruption within the cryptocurrency industry by introducing a unique and gamified way to invest.
3. Online Gaming - The integration of fantasy sports elements into investing creates potential innovation opportunities in the online gaming industry, attracting both traditional investors and gamers alike.
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