FunFair White Paper introduction
FunFair’s goal is a world of truly fair, decentralised online gaming powered by blockchain technology. To get there, we have built a robust protocol for trustless and decentralised casino gaming. To help establish it, we have also built the first plug-and-play casino platform which empowers a new generation of casinos, affiliates and developers. Leveraging the transparency and security of the blockchain, the FunFair protocol and platform are the foundation for a pioneering gaming ecosystem which links all participants in real time. A fairer, more user-friendly experience for players and a more efficient tool for the industry, our innovative casino technology is set to revolutionise online gaming.
According to the UK Gambling Commission, trust in gaming and overall public attitudes to gaming are in decline. By delivering unprecedented transparency and player protection through decentralised, provably fair technology, FunFair is set to reverse these trends.
FunFair’s blockchain gaming solution offers fast, low cost, user friendly and provably fair games while delivering the high quality of mobile-friendly entertainment and production values that today’s gamers demand.
Our casino gaming protocol and technology platform enable one of the first commercially viable blockchain applications and have been designed to run at mass market scale. Built on the Ethereum blockchain, Funfair’s protocol employs a combination of smart contracts, proprietary Fate Channels and the FUN utility tokenii to power a global network of completely transparent, secure casinos.
FunFair’s Fate Channels, an advanced version of state channel technology, allow player and operator to transact in real time with far lower gas costs than other blockchain applications. This unique approach to off-chain scaling enables an almost limitless numbers of players, bets and wins, as well as real time provably fair random number generation.
3 The platform features FunFair’s own high-quality 3D games built to HTML5 and WebGL standards, with games from independent developers to be added as the platform progresses. The platform’s open architecture, designed by developers for developers, aims to create the leading marketplace for blockchain casino game content.
Having completed the pioneering FunPass ID verification process, players can access any FunFair-powered casino with one click. Games are fun, fast and provably fair, with random numbers and game code easily verifiable at the click of a button. There’s no need to deposit in order to play, with funds – in the form of FUN tokens – for each gaming session sent to a secure, transparent escrow on the blockchain rather than a casino’s account. For the first time, winnings are paid instantly, irrespective of size.
For the new breed of operators, white labels and affiliates, our technology offers faster integration, dramatically lower costs, an end to payments and game fraud and access to a growing audience of premium value, crypto-savvy players. With the evolution of our revolutionary Fate Channels technology, the FunFair protocol will enable a new age of fairer, more efficient, more secure and more user-friendly gaming.
FunFair Technologies was founded in 2017 by gaming veterans Jez San OBE, Jeremy Longley and Oliver Hopton. Just 15 months after a Token Presale which generated $26 million in contributions, the FunFair platform went live with the launch of its first casino.
FunFair now has over 50 staff including blockchain engineers, game developers and executives from leading B2B and B2C global gaming companies. With the launch of more FunFair-powered casinos later this year, we will cement our position as the global leader in blockchain gaming technology.
FunFair Whitepaper pdf:
FunFair WhitePaper
