Thanks to the 3683 readers who are exploring where Sports meets Web3. If you're reading this and still haven't signed up, click the subscribe button below!

👥🔍 Sporting Crypto Job Board - Jobs of the week

  • Consumer Insights Project Manager @ Protocol Theory - Link here

  • Operations Manager @ Veloce - Link here

  • Partnership Relationship Manager @ Denarii Labs. - Link here

Visit the Sporting Crypto Job Board today to explore new career opportunities, or to find the perfect fit for your organisation.

Manchester United Launch Web3 Fantasy Game

Sporting Crypto Newsletter is supported by The HBAR Foundation.

Discussed in this edition of Sporting Crypto:

  1. Fantasy United Overview 😈
    a) The Game
    b) Quotes
    c) User Flow & Experience
    d) Statistics

  2. Manchester United’s Web3 Journey 📅
    a) Chronological Timeline
    b) Deep Dive

  3. Analysis & Concluding Thoughts 🧠
    a) The KPIs for Success
    b) Web3 Fantasy

Fantasy United Overview 😈

Manchester United Football Club have launched digital trading cards (NFTs) and a fantasy game, Fantasy United, in which the player cards can be used.

For the 2024/25 season, Manchester United supporters can begin collecting the trading cards, which feature all first-team players from the men’s squad.

The cards come in three rarities; Classic, Rare and Ultra-rare and will be dynamically updated with real-time stats throughout the season.

The cards can be used to build a five-a-side team to earn points in Fantasy United, which is claimed to be a first of its kind created by an English Premier League team.

Examples of player cards used in Fantasy United

Supporters will have the chance to go head-to-head against former Manchester United players in their legends league and create their own mini-leagues to play against friends. Prizes and experiences can be won by fans performing well.

Early access was granted to Red Devil NFT holders, one of Manchester United’s first digital collectible editions, with the public launch happening days after on the 31st of July 2024.

The Player Trading Cards are sold in packs of seven for £3 per pack and are built on the Tezos blockchain, Manchester United’s Web3 partner.

So far, there have been almost 13,000 packs sold meaning 90,258 cards in circulation.

Ronan Joyce, Director of Digital Innovation at Manchester United said:

“Player Trading Cards allows United fans to collect the whole men’s first team squad, to see those collectibles evolve throughout the season as games are played and goals are scored, and have the ability to play those cards in a exciting fantasy football game. It’s a club-first, it means you can compete against your mates all year long, and it adds even more drama and excitement to watching the Reds at Old Trafford and on the road this season.”

Sunil Singhvi, head of culture at Trilitech, Tezos R&D Hub, added:

“This is an innovative use of blockchain technology to enable United fans to have a deeper connection with their favourite club. Through dynamically updating collectibles, supporters will be able to cheer on their heroes and watch how the season develops. Developed by our in-house team, it’s a fun and interactive way for fans to get closer to the game and the players of Manchester United.”

User Flow and Experience 📱

Fantasy United’s experience is fairly seamless compared to many branded Web3 experiences.

Supporters can sign in with their own Tezos wallet, or via social log-in.

Log in example using Google

In the example above we created an account via Google, and then entered our email to receive updates about the game.

Buying packs is equally simple. You can do this using any credit/debit card (via stripe integration).

Once the pack is bought, you can open it to reveal your player cards.

Creating a fantasy team will be familiar to fans who have played any fantasy game. It is easy to select players for specific positions and then save your team.

Overall, there has been a concerted effort here to make the user experience as easy as possible, abstracting the blockchain element as much as possible.

Manchester United’s Web3 Journey 📅

Manchester United have shown themselves to be one of the most mature teams in football in terms of their Web3 strategy.

Chronological view of their journey:

  • February 2022: Manchester United sign a multi-year training kit sponsorship deal with Tezos, becoming the official blockchain sponsor of the club.

  • November 2022: The club launched a free-to-claim NFT drop called "Man Utd: The Keys," which was claimed by almost 1 million people

  • December 2022: Manchester United launched ‘The Devils’ collection — priced at £30 per NFT, with a limited supply of 7,777 units

  • July 7, 2023: The club released the "1992/93 collection," a limited range of digital collectibles commemorating the 1992/93 campaign when Manchester United won their first-ever Premier League title

  • August 21, 2023: Manchester United launched "Collect United," offering free-to-claim digital collectibles on matchdays for the 2023/24 season, seeing over 750,000 claims

  • July 31st, 2024: Manchester United Launch Fantasy United and Digital Trading Cards

Detailed view:

The club began their Web3 journey by creating a Discord community for fans, and then introduced a free digital collectible mint, first allocating 50,000 ‘key’ NFTs to this early Discord community and contributors before going to the public. They ended up having 750,000 NFT claims in total for their free drop.

The keys had three categories of rarity, each with their respective perks acting as gateways to exclusive merchandise, drops and private discord channels.

The activity seen during the free NFT claim was huge for Tezos, with the blockchain seeing 6 times its usual activity, during this campaign. The spike in December 2022 on the right-hand side of the graph below was an all-time high for the Tezos blockchain in terms of contract interactions, at the time.

The next phase was a paid drop, with 7,777 ‘Devils’ NFTs.

Each of the 7,777 Devils in the collection is unique, costing £30 each and fans were able to unlock a series of rewards that included:

  • Exclusive airdrops: Free collectibles and giveaways, as well as invitations to physical events at the club. 

  • Devil surprises: Unique traits based upon on-pitch activity

  • Premium access to Ask Me Anythings (AMAs): Entry to gated areas of the club’s official Discord server.

  • Private competition entries: Win match tickets, entry to a corporate box, a spot at our end-of-season Player of the Year awards.

The devils were reserved first for those who were early to the project and had minted the free key drop, with the highest rarity holders getting first refusal.

Manchester United’s next Web3 activation was Collect United.

For the 23/24 football season, 48 hours ahead of each home fixture for the men's and women’s Manchester United teams — a new collectible was available for Manchester United fans to claim for free.

This came with the chance to win exclusive prizes for those who completed a set.

They saw almost 1 million claims of these free collectibles throughout the season.

Then came gamification.

This year rather than focusing on free collectibles, Manchester United turned their attention to Fantasy United, attempting to create a more dynamic and involved Web3-based proposition, as explored earlier in the piece.

Analysis & Concluding Thoughts 🧠

Manchester United have seen great scale in their Web3 activations, as you would expect from a team with this brand and size.

They have funnelled much of this excitement and enthusiasm into a large digital community on Discord with over 100,000 members, making it one of the largest football team Discords globally. The Discord was launched before their first ‘Keys’ NFT collection and has been a cornerstone of their communication and growth.

The Fantasy United concept is an interesting evolution for the club.

So far, their success has mostly been seen in free-to-claim digital collectibles, whereas this proposition comes with the added friction of a transaction.

The success here will be determined by the club’s internal KPIs, but considering the £3 price point, presumably, this is not something designed to drive strong revenues.

Therefore, whilst it shows innovation, will it only engage hardcore Manchester United fans who are also into digital collectibles? And if so, what is the total addressable market for that audience?

When you look at the active participants within the Web3 ecosystem, particularly within Web3 gaming and even in the subdivision of Web3 fantasy sports, I do think:

Is the pie being sliced too thin? 

and

Is there a dilution of fan/consumer experience happening?

Additionally, I feel there are barriers to Web3 propositions like this that there are not in Web2 equivalents. This normally means that these propositions have to be unique, flawless, extremely fun or perhaps offer some sort of financial return.

If we consider these friction points as part of a Web3 fantasy proposition like this:

  1. NFT packs need to be sold

  2. Then, you need to get those who hold the NFTs to enter teams

  3. You then need to get those players to return weekly

  4. You need to continually sell NFT packs

  5. You need to surprise and delight those users regardless of how many NFTs are sold

You can imagine that each friction point creates some attrition to some degree, and therefore is difficult to maintain levels of enthusiasm in a proposition like Fantasy United.

On the other hand, Manchester United have one of the biggest fanbases in world football, if not the biggest. If there is a team that can get over these friction points, it’s them. Their Discord community being the size that it is, with the existing on chain audience they have, gives them as great a chance as anyone to make it a success.

There is the added benefit of not needing a huge ‘return’ on the investment of IP rights, because this is designed and developed in tandem with Tezos, and the legacy deal is still one that reflects the lofty sponsorship heights of the previous crypto market cycle. This isn’t like the LPF example, a PE firm or something adjacent to it looking to fatten margins in digital activations.

As I wrote at the time:

On one hand, PE investment and the view that Sports, as an industry is bad at commercialising beyond broadcast, will drive huge experimentation over the next decade to seek out global audiences and attempt to create more revenue lines. On the other hand, how do a league-owned Web3 fantasy game, a league-owned non-Web3 fantasy game, and a licensed Web3 fantasy game (Sorare) all coexist?

The dilution with the increase of gamified experiences, both Web3 and Web2 for Manchester United fans still has this cannibalising effect. But the club surely recognise that simultaneous to this, they have one of the biggest brands in football globally and need to engage the 99.99% of fans outside of those who go to Old Trafford every week.

Fantasy United could become a big part of Manchester United’s digital strategy, or remain a niche proposition for superfans within that larger digital cohort. Whether that is a success or not, depends on the team’s goals internally.

More Sports & Web3 Stories

  • Wincast Raises $5M to Advance NFT Platform for Live Sports (Read more here)

  • Adidas and Doodles collaborate to launch NFT packs and physical redeemable (Read more here)

  • Sports Illustrated Tickets Partners With Kraft Sports + Entertainment in a Multi-Year Sponsorship (Read more here)

  • OKX & Manchester City launch Unseen City, a digital escape room quiz (Read more here)

  • Caitlyn Jenner Launching Token Inspired by Olympic Gold Medal (Read more here)

  • Sports cars manufacturer Lamborghini has partnered with Animoca Brands to drive automotive brand engagement (Read more here)

General ‘Stuff’ that Could Impact You

  • Web3 Gaming sees second lowest funding month ($38m in July 2024) in 3.5 years (Read more here)

  • Ubisoft Reveals ‘Captain Laserhawk’ Game on Ethereum Layer-2 Arbitrum (Read more here)

  • Federal Judge fines Ripple $125m (Read more here)

  • Immutable to shut down NFT marketplace (Read more here)

  • Stripe partners with Bitstamp to make crypto buying easier for European customers (Read more here)

  • HUGO BOSS celebrate 100th anniversary with Fashion NFT (Read more here)

Thanks for reading the latest edition of the Sporting Crypto newsletter!

If you enjoyed this, please tell your friends who might be interested - and share it on socials.

Disclaimers

This newsletter is for informational purposes only and is not financial, business or legal advice. These are the author’s thoughts & opinions and do not represent the opinions of any other person, business, entity or sponsor. Any companies or projects mentioned are for illustrative purposes unless specified.

The contents of this newsletter should not be used in any public or private domain without the express permission of the author.

The contents of this newsletter should not be used for any commercial activity, for example - research report, consultancy activity, or paywalled article without the express permission of the author.

Please note, the services and products advertised by our sponsors (by use of terminology such as but not limited to; supported by, sponsored by or brought to you by) in this newsletter carry inherent risks and should not be regarded as completely safe or risk-free. Third-party entities provide these services and products, and we do not control, endorse, or guarantee the accuracy, efficacy, or safety of their offerings.

It's crucial to provide our readers with clear information regarding the inherent nature of services and products that might be covered in this newsletter, including those advertised by our sponsors from time to time. When you buy cryptoassets (including NFTs) your capital is at risk. Risks associated with cryptoassets include price volatility, loss of capital (the value of your cryptoassets could drop to zero), complexity, lack of regulation and lack of protection. Most service providers operating in the cryptoasset industry do not currently operate in a regulated industry. Therefore, please be aware that when you buy cryptoassets, you are not protected under financial compensation schemes and protections typically afforded to investors when dealing with regulated and authorised entities to operate as financial services fir

Keep Reading