Morning Minute: Football Dot Fun Breaks Out

Plus BTC falls after an ancient whale converts 24,000 BTC to ETH on Hyperliquid

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today's top news:

The newest breakout crypto app is here.

And there are definitely some 2021 NBA Top Shot vibes.

Football dot Fun, a browser-based Web3 fantasy football (soccer) game built on Base, just exploded across nearly all metrics.

According to fresh Dune data:

Traders who bought in on Saturday were reporting 3-4x gains on their entire portfolios—in less than a day.

All while the total value of the ecosystem rallied from ~$60M to $160M over the weekend.

Inflows soared over the weekend (data from https://dune.com/fookin_no_wan/footballdotfun)[/caption]

Football dot Fun is like fantasy football reimagined as a trading game:

So the game combines trading with player speculation and roster management—a lot of ways for newcomers to approach the game.

Football dot Fun has a real shot at being the newest breakout crypto consumer app.

It has a very strong foundation:

Plus, it’s built on football (soccer), the most popular sport in the world, which means it's catering to a global audience. And the numbers back it up: There's been tens of millions in trading, over 10K depositors, and a thriving fee pool after just days.

The easiest comps are Sorare and NBA Top Shot, but Top Shot more so because of the parabolic price action seen this weekend.

Now we wait and see if this is February 2021 Top Shot or November 2020…

A few Crypto and Web3 headlines that caught my eye:

In Corporate Treasuries

In Memes

Here's a rundown of major token, protocol and airdrop news from the day:

Section dedicated to headlines in the AI sector of crypto:

Here is the list of other notable headlines from the day in NFTs:

More News

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• Coindesk
• Decrypt
• DLNews