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FunFair Technologies Investing in Online Gaming Industry

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FunFair
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The increasing popularity of the virtual currencies and the number of partnerships formed between different blockchain platforms and companies clearly show the progress and application of the ‘new-found’ technology in real life scenarios. “The gaming industry can no longer be a stranger to the blockchain technology. FunFair provides blockchain-powered solutions with the potential to profoundly change the online gaming industry for both the operator and player.” (The official website of FunFair) FunFair continues to ensure that by using the latest Ethereum technology, they aim to provide fun, fast and fair online casino gaming experience.

The Online Casino Gaming Experience

The FunFair online casino gaming platform ensures the development of high-quality blockchain based 3D games on HTML5 that are fun to play. Compared to other platforms it is 10 times cheaper due to reduced gas costs, as claimed by the white paper of FunFair. Released in 2017, the FunFair platform has an open architecture that offers many opportunities to the developers. “Games built on the FunFair platform run directly in the browser on desktop and mobile devices without requiring an app download, completely eliminating one of the major pain-points of player onboarding.”

FunFair Technologies have created a platform that has the capability of launching numerous online casinos of different sizes and can be used from anywhere in the world. The operators and developers have the option to customise the games completely as well as offer their clients a range of traditional casino games like baccarat, roulette and blackjack. FunFair has realised the issue of unending waits (a minute or longer) for a dice roll. The player has to wait for the dice roll result as it waits for multiple blocks to be mined. FunFair is one of the first platforms to address this shortcoming. The technology behind FunFair has resulted in the creation of “truly instant blockchain games”. This is, in fact, the USP of FunFair.

FunFair Launches Closed Beta

FunFair Technologies had recently announced the launch of blockchain based casino platform in closed beta on Mainnet. The objective behind this was to enable anyone who is interested in running their own casino to build one on the FunFair platform. Through this move, it has now become much easier to launch online casinos. At the same time, the platform offers a strong security system for the players and ensures that it is a fair game. Transparency is one of the major issues the casinos face worldwide. Often customers claim that they had unfairly lost as the game was rigged. So, playing casinos online on a platform which is transparent is surely advantageous. The blockchain technology will bring in a new trend in the online gaming industry and offers transparency like no other medium. With the application of blockchain technology in the online gaming industry, all the transactions will be recorded (failed and successful gambles) that can be reviewed at a later date even.

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“FunFair is yet again leading the pack as the first blockchain casino platform to launch a closed beta on Mainnet and we’ve been overwhelmed by the response for applications for it. We want to ensure that the experience on our platform is at the level our partners would expect when the service goes live. At the same time we continue to work on completing partnership agreements with operators, affiliates and more game developers, having signed up Spike Gaming last month, which is testament to our innovative technology and first class team”.

Jez San, CEO of FunFair Technologies

Advantages for the operators

  • Lower cost: Depending on hardware, chargebacks and operational headcount, the operators will have to bear considerably less expenses. The infrastructure costs are, in short, reduced effectively. Due to blockchain automation, there is a decrease in security and technical staff.
  • Access crypto audience: As the cryptocurrency community enlarges there will be more opportunities for growth. By implementing blockchain technology, FunFair intends to attract the crypto crowd as well as others to an all new online gaming experience.
  • Ultra secure: The peer-to-peer ledger is not affected by a power outage, hardware failure or attack. The bets placed during a game is verified by consensus so there is no chance of rigging data. It is also impossible to alter data already stored on the blocks. Decentralisation and cryptography will also eliminate frauds and unnecessary payments.
  • Simple setup: The FunFair casinos are easier, faster and cheaper to build compared to traditional technology. A simple setup is more likely to attract more gamers and prove to be more profitable to the operators.

The players will find the online casino games built with the help of FunFair technology fair, faster, secure as well as fun.

Price Details

FunFair (FUN) lists among the top hundred cryptocurrencies at 85th position, according to coinmarketcap.com. The market cap of FUN at the time of writing shows approximately $135,003,543 USD approximately while volume (24h) is over $1,715,000 USD. (As of 11th June 2018)

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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