K33 DeFi analyst David Zimmerman had recently reported on a SocialFi game, Fantasy Top, that operates on the Ethereum layer-2 network Blast. The unique selling point of the platform was emphasized by Zimmerman, by means of which the users had possibility to trade virtual trading cards associated with X accounts of crypto, and compete in tournaments to win rewards.

Zimmerman pointed that currently, a pack of trading cards at Fantasy costs approximately 0.39 ETH and the equivalent of $1,200 on the prevailing rate. This highlights the high investment potential within the platform.

Over the course of the day, though, Zimmerman also warned of the dangers within the SocialFi space, with the main issue being the cash grabs and influencers pushing platforms for their own personal gain.

Influencers are paid to push the platform earning a 1. 5% fee of the trading volume for their card on top of 10% of the pack sales,” Zimmerman specified, revealing the convoluted dynamics behind these platforms.

Blast: Holding Relevancy Amidst Ethereum Layer-2 Launches

Despite the big influx of other layer-2 networks on Ethereum, Blast has remained relevant, mainly due to the aggressive airdrop program, as Zimmerman said.

“When Ether (ETH) price fell for 17% in April, Blast’s Total Value Locked (TVL) remains high in USD terms,” Zimmerman reflected, highlighting the strength of the platform during market swings.

Friend.tech’s Airdrop Fiasco and the Fallout

The air-drop that everybody was anticipating from Friend. Tech on May 3 got bad rap due to technical hitches that left many users frustrated as they could not access or dispose of their tokens fast.

“The outcry of criticism was aggravated by large accounts that dumped considerable amounts of the FRIEND token before its availability to many users,” Zimmerman stated adding that the price of the token fell from an impressive $28 down to a mere $1.90 as of the time of publication.

The Emergence of Sanko GameCorp

Outside the territories of Pal. Amongst the crypto-native users, Sanko GameCorp with its gaming and streaming platforms is catching up to Tech and Fantasy Top. Zimmerman views Sanko GameCorp’s fair launch approach as an idea with potential and expects it to become a meme-coin playground of anti-VC fervor.

Consequently, with Sanko GameCorp about to launch its own L3 since it is a social gambling platform about to enter SocialFi scene, it could become a major player in the emerging SocialFi landscape, Zimmerman concluded.

The post The Rise of SocialFi: Exploring Fantasy Top, Blast, and Sanko GameCorp appeared first on Coin Engineer.

Strategic Fundraising and Community Growth

Blast Network: Enhancing “Fantasy” Game Dynamics

The game operates on the Blast network, a Layer 2 solution on Ethereum known for its native-yield model. This model offers up to 4% interest on ether and 5% on stablecoins. Developed by Tieshun Roquerre, founder of the NFT marketplace Blur, Blast network supports the smooth operation and scalability of “Fantasy.” This strategic choice of platform underlines the game’s commitment to providing a robust and user-friendly trading card game environment. It aims at enhancing player engagement and maintaining momentum from its successful testnet phase. As “Fantasy” transitions from testnet to mainnet, it aims to replicate and surpass the early excitement seen with popular cards. This sets the stage for a new era in crypto gaming.

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