Long before the emergence of fantasy sports, game consumption was limited only to passive entertainment from the comfort of the living room. Today, fantasy sports have changed the way people watch their favourite sports, passive spectators are now active participants and this kind of innovation in sports is enough to keep fans engaged and excited about every moment happening in a game. Most of the things take place online and there is a complete market of these kinds of apps and sports known as the fantasy market.


Doesn’t life feel good when the control is in our hands? Fantasy Markets is an innovative digital marketplace for live, client-controlled performance. Through the use of digital currency, users can control all the activities actors do during the sport or show. This intimate level of user interaction will revolutionize the live performance market.

In this article, we are talking about how this market is growing at the global level as well as its performance in a market where it just started to shine.


The Pace of Global Fantasy Market

The fantasy market and the craze for fantasy games and sports have rocketed over the past decade. The market size of fantasy sports in the United States alone reached US$8.48 billion in 2019, showing an unexpected growth over the previous year. However, the sector’s market cap was reduced by around 8.4 percent due to the Covid-19 pandemic in 2020.


According to some survey reports, the total number of fantasy sports players crossed the 59.3 million mark in 2017. As of 2019 statistics, the number of 18+-year-old fantasy sports players in the US alone reached 45.9 million. And over the next two years, all numbers globally nearly doubled.


Over the past few years, the market growth has been exponential and with the introduction of cryptocurrency and especially NFTs in the market, the sector is expected to go ruthless.


Performance of Fantasy Games and sports in India

India is becoming a favourite market for all the new innovative ideas due to its wide audience. In India the fantasy market has expanded tremendously in 2020, there were 100 million users across various fantasy sports platforms. These platforms currently account for 14% of all smartphone users in the country. Revenue of these platforms tripled in one year to $340.5 million in 2020. Apps like Dream11 and My11circle are leading from the front and have some well-known faces of sport as their brand ambassadors.


There are some crypto-based fantasy sports platforms that were also introduced recently and they are doing great now.


Future of fantasy market

The future of fantasy sports, as well as games, seems very bright. There are some great inventions and ideas which are playing a great job at keeping people engorged. The best part of fantasy sports platforms is that they also provide endless passive income opportunities to the users which also works in favour of these platforms.


If you are looking for one such crypto-based fantasy sports platform then Doxy is here. The project is a combination of NFTs, user-focused platforms, easy to understand working along with endless earning opportunities just by playing sports. The project is based on Blockchain and web 3.0 which makes it more futuristic and reliable. Check the official website and follow Doxy on social platforms to stay connected with us.