fantasy vs ideate

fantasy is a noun but ideate is not a noun.

Word	Noun	Adjective	Verb	Adverb
fantasy	Yes	No	Yes	No
ideate	No	No	Yes	No

As verbs, ideate is a hypernym of fantasy; that is, ideate is a word with a broader meaning than fantasy:

fantasy: indulge in fantasies
ideate: form a mental image of something that is not present or that is not the case

Other hypernyms of fantasy include conceive of, envisage, imagine.

fantasy (noun)	ideate (noun)
imagination unrestricted by reality
something many people believe that is false
fiction with a large amount of imagination in it

fantasy (verb)	ideate (verb)
indulge in fantasies	form a mental image of something that is not present or that is not the case