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December 30 2022

FunFair Labs and FunFair Technologies in the GameFi segment

FunFair Technologies aims to develop a more attractive and accessible online decentralized gameplay. FunFair Technologies, operating on the second largest Ethereum blockchain, provides its users with various gaming services on the blockchain. So, FunFair offers such services as FunFair Labs, FunFair Wallet and FunFair Games.

In this article, we will delve into the FunFair Technologies ecosystem and innovative blockchain-based gaming solutions. We will take a detailed look at the services offered by FunFair Labs and FunFair Games. In addition, we will discuss how FunFair Wallet aims to become a universal wallet for blockchain games, and what are the terms of use of Guaranteed Fair®.

What is FunFair Technologies?
Exploring the FunFair Technologies ecosystem
FunFair Games
FunFair Wallet
FunFair Labs
iGaming based on Blockchain
The Guaranteed Fair® Promise
Results

What is FunFair Technologies?
Launched in 2017, FunFair Technologies is at the forefront of blockchain game development, offering innovative solutions with an emphasis on decentralization.

FunFair Technologies, which employs an energetic and active development team, leads the blockchain gaming industry, conducting continuous research and development in the field of advanced technologies to improve gaming user interaction (UX) with the help of FunFair Labs and FunFair Games.

funfair 

Initially, the FunFair Technologies project was born with one of the most popular gaming platforms Ethereum. Now, FunFair Technologies has three main products: FunFair Wallet, FunFair Games and FunFair Labs.

Next, we will look at each of them in detail. Moreover, FunFair Technologies promises to support the drive for innovation in the online gaming industry through continuous development and experimentation.

The main office of FunFair Technologies is located in London, and is engaged in product support and commercial activities, including marketing. The Dublin office is responsible for the technological development of FunFair, and due to the growing interest in the company, an office on the Isle of Man was recently opened, specifically designed to support customers and developers, including KYC "know your customer" service.

Exploring the FunFair Technologies ecosystem
The FunFair Technologies development team strives to create new approaches to decentralized games. Thus, one of the solutions that FunFair uses and which is necessary for the entire ecosystem of products is Fate Channels.

In short, Fate Channel is a FunFair Technologies variant with an Ethereum state channel, a form of blockchain scaling solution. In addition, FunFair Fate channels have more advanced smart contract features specifically designed to improve gameplay.

For example, the "Fate" channel got its name due to its use for generating random numbers for crypto games. Moreover, Fate channels facilitate the interaction of players and allow making micropayments with zero gas cost.

FunFair Fate channels also perform large amounts of computing outside the network. This significantly reduces network congestion, allowing for faster payments and lower gas costs.

In particular, the Fate Channel scaling solution should offer "provably fair random number generation" in real time and minimize in-game costs and delays during the game.

FunFair Games
FunFair Games is focused on generations Y and Z (that is, those born between 1980 and 2012), and offers exciting interactive multi-user crypto games and casinos based on blockchain.

funfair games

Studies have found that those who grew up "in the digital age", representatives of generations Y and Z want more than just a single-user passive online gambling site. This means that the target market of the project is thrill seekers who want to participate in socially interactive games.

Thus, FunFair Games pays special attention to inclusivity, development and creation of games taking into account the opinion of the community. From this it turns out that the platform aims to develop and create an exciting gameplay, which is also designed for social interaction of players.

At the time of writing, FunFair Games is divided into 2 categories (slot machines and multiplayer games), and offers 7 different games released during 2021. FunFair Games launches an average of one new project every two months.

The first game that FunFair Games introduced was "Fergus O'fun's Shamrock Treasures", and then, a few months later, "Cyber Hunters 2080" appeared. After that, in May of the same year, FunFair Games released their first multiplayer game called "Astroboomers to the Moon!".

This was followed by "Wheel of Steal", "Astroboomers Turbo" and "Five Ball Fiesta" as different multiplayer games.

FunFair Wallet
FunFair Wallet is a secure, free cryptocurrency wallet solution that does not involve storage. FunFair Wallet offers an easy-to-navigate design and customizable themes and configurations. In addition, FunFair Wallet can easily integrate into existing decentralized applications (dApps) for any device or web browser.

From the developer's point of view, FunFair Wallet simplifies the implementation of its own user interfaces without the need for external plugins. In addition, the wallet boasts two-factor authentication (2FA) and secure account recovery, as well as fiat payments and Uniswap integration.

FunFair Wallet also provides a white label wallet service with a user-oriented design available in any browser or on any device. The wallet meets the needs of B2B and B2C by providing the collective interaction of decentralized applications (dApps) through a single wallet account.

This wallet masks the complex calculations of Web3 behind the familiar convenience of Web2. In addition, FunFair Wallet easily integrates with any existing applications, and provides customizable marketing, secure and legal parameters thanks to KYC.


FunFair Labs
As a division of the Research and Development (R&D) project, FunFair Labs is responsible for introducing innovations and experimenting with new protocols. In other words, FunFair Labs aims to present the latest developments in the industry to online gamers. The main role of FunFair Labs is to develop and improve its current products and services.

funfair labs

FunFair Labs provides seamless interaction with FunFair Games and FunFair Wallet, providing the most convenient gaming solutions. This applies to both end-user games and development experience.

Recognizing the rising gas fees in Ethereum, FunFair Labs is exploring alternative blockchains and scaling solutions for game deployment. Also, FunFair Labs is testing multiplayer features on the xDai blockchain with the help of a new Payloads game. As a result, the speed of transaction confirmation has increased dramatically, while reducing costs.

FunFair Labs is constantly working on creating advanced solutions for scaling blockchain games. His latest development is "Wreckless Racers", which will soon be available on the Ethereum Layer-2 network.

iGaming based on blockchain
In 2017, FunFair Technologies released a ready-made V1 gaming platform, which claims to be the most successful platform on the Ethereum blockchain to date. However, since the original gaming platform is already outdated, FunFair Technologies has focused on developing new and improved gaming capabilities powered by second-tier solutions.

FunFair Technologies understands that users expect the decentralization of gaming platforms, as well as that players need a universal space for instant payments, compatibility with fiat and cryptographic means to ensure fair play.

Thus, FunFair Technologies offers its FunFair standalone wallet as a universal wallet for blockchain games in its ecosystem. This means that users can access multiple FunFair games without having to change their account, thereby improving the gameplay.

FunFair Technologies ensures that all FunFair gaming transactions are consistently transparent on the Ethereum blockchain. In addition, FunFair Casino is fully customizable with content management, including dynamic leaderboards. Thanks to third-party integration, users can personalize the content of their personal page.

To increase community participation and brand awareness, FunFair Technologies offers the FunFair Games partner program, which also uses blockchain technology. Thanks to the blockchain, partners instantly receive payments upon the closure of the referral's gaming session. FunFair Technologies allows developers to develop multi-level affiliate programs to reward and engage their communities.

With a growing portfolio of blockchain games and crypto games, FunFair Technologies aims to set a new standard for development and innovation in the gambling and blockchain gaming industry. Every game that Funfair Technologies presents has a Guaranteed Fair® Promise.

The Guaranteed Fair® Promise
With each gaming experience within the ecosystem, FunFair Technologies integrates its Guaranteed Fair® technology, thereby guaranteeing players the maximum fair gaming experience.

Traditional online gambling sites do not provide a reliable way to prove winnings and losses, since centralized sites keep players "in the dark" with the help of their remote gaming servers.

FunFair Games users are deprived of such a problem, since all transactions and interactions are publicly available on the largest blockchain with support for smart contracts.

In addition, by using cryptographically verifiable random functions (VRFs), FunFair can offer a provably honest gaming experience using mathematics and computer science, which means that neither side can influence the outcome.

In addition, Funfair Games uses a smart escrow contract to store potential player winnings and any other funds until the end of the session. After that, all funds will be returned to the players' wallets immediately after closing.

The Guaranteed Fair® Promise technology also underpins the FunFair wallet, thereby allowing players to interact with multiple games. Finally, in combination with Guaranteed Fair® technology, the FUN token was launched in 2017 to finance the FunFair ecosystem. However, in 2021, the token was completely transferred to FUN Token.io .

Results
FunFair Technologies offers diverse and innovative services and applications within its ecosystem. This includes FunFair Games, FunFair Wallet and FunFair Labs.

FunFair Technologies develops second-level scaling solutions for future developments. Moreover, FunFair Technologies guarantees its users provably fair games with the help of The Guaranteed Fair® Promise.

The Guaranteed Fair® Promise technology gives players confidence that games are reliable and honest, and all transactions on the Ethereum blockchain are completely transparent. In general, FunFair Technologies provides a full set of tools and services that make a pleasant and exciting gaming experience on the blockchain.

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