FunFair Technologies Investing in Online Gaming Industry - Global Coin Report
Connect with us

Blogs

FunFair Technologies Investing in Online Gaming Industry

Published

on

FunFair
READ LATER - DOWNLOAD THIS POST AS PDF

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.

“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)

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore
READ LATER - DOWNLOAD THIS POST AS PDF

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release