Sport.funPrice

(FUN)

Sport.fun is a Web3 fantasy sports platform that integrates fantasy competition, rewarded gameplay, and a blockchain-based economy. It operates on the Base blockchain. The central concept behind Sport.fun is to enable players to both enjoy the game and participate in the value generated by their activity. The platform allows users to own, trade, and compete with digital representations of real athletes, referred to as player shares or digital athlete NFTs. The value of these digital athletes fluctuates based on real-world performance and market demand. Players can create portfolios by buying, selling, and holding these player shares, reflecting their predictions and strategies. The FUN token is the native utility token that drives the Sport.fun ecosystem. Its functions include powering competitions, facilitating rewards, and enabling governance within the platform. The FUN token also connects platform revenues, offers fee rebates, and supports long-term ecosystem alignment, though it is not a requirement for participating in gameplay. Sport.fun's economic model is designed with a fixed-supply network token, meaning it does not rely on inflationary emissions for gameplay or rewards. The in-game economy of Sport.fun utilizes a hybrid currency system. Tournament Points (TP) are used for progression within the game, while Gold, which is pegged to USDC, is employed for purchasing player shares. Sport.fun generates revenue primarily from transaction fees on its marketplace activity. A portion of these revenues is programmatically used to fund buybacks of both player tokens and FUN tokens. Repurchased FUN tokens are held in a treasury, aiming to reduce the active circulating supply and directly link token demand to actual platform usage. Initially launched with Football.fun, the platform has since expanded to include the NFL and has plans to integrate additional sports such as basketball, Formula 1, cricket, and tennis, aiming for a unified multi-sport experience. Sport.fun has garnered attention for its approach to fan engagement, which includes skill-based gameplay, prediction markets, and true digital asset ownership. The project has also received investment from Coinbase Ventures. During its token sale, Sport.fun implemented a merit-based allocation system, designed to prioritize and reward long-term supporters and participants of the ecosystem. Learn more

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