Vault Music, headed by FanDuel co-founder Nigel Eccles, is launching a fantasy sports-inspired music recreation, Fantasy Music Supervisor, with a personal beta open now — “Suppose fantasy sports activities however for the music business.”
Web3 limited-run music platform Vault Music — whose CEO Nigel Eccles co-founded fantasy sports activities playing platform FanDuel — is launching a fantasy sports-inspired music recreation that simply entered a personal beta check obtainable to the primary 100 sign-ups.
“Construct a roster of rising artists and rating factors primarily based on their development in month-to-month listener numbers,” the corporate says in a publish revealing the idea on social media. “You may create your dream roster of artists, monitor their stats, and earn money prizes each week.”
“Suppose fantasy sports activities however for the music business,” mentioned Vault in a press release to DMN. “It’s a enjoyable exploration for us given our CEO Nigel Eccles’ background as co-founder and CEO of FanDuel.”
Given the dwindling spark remaining within the flash-in-the-pan of the NFT phenomenon, it is smart Vault would dip its fingers right into a rising market like fantasy sports activities. However may the idea of “fantasy music” actually take off?
The rise of fantasy sports activities has grown at a formidable clip since its infancy within the ‘80s, thanks predominantly to the prevalence of the web. Whereas fantasy sports activities was once performed solely amongst mates or co-workers, the place members needed to manually monitor their participant statistics and calculate their scores, the web has made each facet infinitely extra accessible.
On-line platforms (like FanDuel) supply customers issues like staff administration, real-time participant efficiency monitoring, and competitors with different customers worldwide. The elevated availability of on-line playing in the US is one other key issue. Fantasy sports activities and sports activities betting develop into simply entwined on-line, enabling the recognition of each to blossom.
With that in thoughts, fantasy music betting has the potential to seek out its area of interest. With the deal with rising stars, the platform additionally seems it may assist increase the visibility of upcoming artists. However there’s additionally no assure that the identical curiosity generated from sports activities followers can be current within the music business’s demographics.