In Brief:
- Fantasy Top will cease operations at the end of June, two years post-launch.
- The game combined fantasy sports and NFT trading cards of crypto influencers.
- It distributed over $20 million to players and $3.2 million to influencer “heroes.”
Fantasy Top to shut down
Fantasy Top, a hybrid fantasy sports and social trading card game, will end operations on June 30, the company announced Wednesday. The game allowed players to form teams using NFT trading cards of popular crypto figures, basing their performance on social media engagement metrics rather than traditional sports statistics.
Initially well-received, Fantasy Top paid out more than $20 million to players and $3.2 million to its influencer counterparts, providing a unique twist to the gaming experience. However, the project faced challenges in sustaining its model. “The long-term economics of the trading card game model ultimately showed their limits,” the company said.
Launched on Ethereum‘s Blast scaling network in 2024, Fantasy Top attempted various iterations and new products over the past year. Despite these efforts, the team acknowledged they failed to achieve a lasting market fit. “Despite strong experimentation and iteration speed, none reached durable market fit,” they said.
The game’s final competitions will take place on June 18, with other features, including prediction markets and jackpots, ceasing operations earlier that week. Unused gameplay tickets will be reimbursed to users.
Pseudonymous team member Kipit stated, “We spent months looking at every direction we had left… we didn’t have the conviction to keep going.” They further noted, “We failed for one core reason: We tried to put crypto on top of a model that was never built for crypto.”
Fantasy Top’s closure reflects a wider trend in the crypto gaming sector, where numerous projects have struggled as funding dwindled and user engagement faltered. The game has been self-funded for the last 2.5 years and assured investors they would be reimbursed for their contributions.
