A report including data collated by Messari analyst Mason Nystrom presented strong evidence that fantasy sports will now drive interest in blockchain.
The reasons behind this depends on several factors, including improved connectivity, owing to 5G technologies, and the COVID-19 pandemic which has forced traditional sports to re-think how they operate.
Nystrom also looked into PwC data, citing a claim that betting and fantasy sports are tipped to expand by 7.2% over the next five years.
Expansion in the fantasy segment could be good for traditional sports as well, because an estimated 75% of traditional sports bettors are also interested in DFS.
Blockchain has already been used with some success to power various activities related to sports, from hosting entire quality sportsbooks such as Cloudbet, Sportsbet.io and Stake.com to hosting an array of interesting solutions that boost fan engagement.
Popular solutions include Socios.com, a platform that allows fans to make certain decisions about a team's set-up, strategies and more in specific conditions.
There has been a huge interest in Socios.com, with the platform signing multiple partnerships including with the likes of Paris Saint-Germain, Barcelona, Atletico Madrid, and many others.
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