21_11_What-is-FunFair-Labs-and-FunFair-Technologies
21_11_What-is-FunFair-Labs-and-FunFair-Technologies
Filter by Categories

Contents

What is FunFair Labs and FunFair Technologies?

FunFair Technologies is on a mission to design a more engaging and accessible online decentralized gaming experience for all. Operating on the second-largest blockchain, Ethereum, FunFair Technologies provides various blockchain gaming services to its users.

In this article, we are going to dive deep into the FunFair Technologies ecosystem and the innovative blockchain gaming solutions available. We’ll explore in detail the services on offer through FunFair Labs and the gaming experiences from FunFair Games. Moreover, we’ll look at how the FunFair Wallet is striving to become the universal wallet for blockchain gaming. Finally, we’ll look at the use case and conditions of the Guaranteed Fair® promise.

If you’re new to blockchain or decentralized gaming and would like to know more about how this technology operates, look no further! At Moralis Academy, we offer a range of courses ideal for newcomers to the industry. Start with our Blockchain & Bitcoin 101 course to understand the Proof-of-Work (PoW) consensus algorithm, UTXO structures, and more! Then, our Ethereum 101 course covers the operations of the Ethereum Virtual Machine (EVM), UTXO versus the Account model, plus the history of smart contracts! Begin your crypto journey with over 30,000 welcoming students today, at Moralis Academy!  

What is FunFair Technologies?

Operating since 2017, FunFair Technologies is at the forefront of blockchain gaming development, offering innovative solutions with a focus on decentralization. Employing an enthusiastic and active development team, FunFair Technologies is spearheading the blockchain gaming industry with continuous research and development in cutting-edge technologies to improve the gaming user experience (UX) through FunFair Labs and FunFair Games. Moreover, FunFair Technologies exists to provide verifiably fair, decentralized games with blockchain as the foundational technology. 

Blog FunFair Technologies

To achieve this, FunFair Technologies operates with multiple outlets. Initially, the project came to light with one of Ethereum’s most popular turnkey gaming platforms. Now in retirement, FunFair Technologies hosts three core products: FunFair Wallet, FunFair Games, and FunFair Labs. We’ll discuss each of these in detail further in the article. Inclusive of the aforementioned products, FunFair Technologies promises to sustain the drive for innovation in the online gaming industry through continuous research and experimentation. 

With multiple locations, FunFair Technologies’ primary office runs in London, UK, managing product support and commercial activities, including marketing. Also, the Dublin office is responsible for FunFair’s technological development. Further, with growing demand and adoption, the Isle of Man office was recently set up to cater specifically for customer and developer support, including KYC (know your customer) maintenance. 

Exploring the FunFair Technologies Ecosystem

The FunFair Technologies development team endeavors to create novel approaches to decentralized gaming. As such, one of the solutions FunFair uses that is essential throughout its ecosystem of products is Fate Channels. In short, a Fate Channel is FunFair Technologies’ take on an Ethereum state channel, a form of blockchain scaling solution. Moreover, FunFair Fate Channels have more advanced smart contract features specific to improving a gaming experience. For example, ‘Fate’ Channel derives its name from its use for generating cryptographically verifiably random numbers for games. Additionally, Fate Channels facilitate player interactions and enable micropayments with zero gas cost

Blog FunFair Labs x FunFair Wallet x FunFair Games Graphic

Just like regular state channels, FunFair Fate Channels execute large amounts of computations off-chain. This drastically reduces congestion on the network enabling faster payments and lower gas costs. Specifically, the Fate Channel scaling solution is to offer real-time “provably fair random number generation” and minimize in-game costs and delays during the playing experience. 

FunFair Games 

Targeting the Gen Y and Z generations (born between 1980 and 2012), FunFair Games brings exciting interactive multiplayer crypto games and blockchain-based casinos. Following the market research phase, FunFair concludes that, having grown up “in the digital age playing immersive and social video games”, Gen Y and Gen Z expect more than just a single-player, passive online gambling site. The project’s target market is “thrillseekers” that engage in socially interactive gaming experiences. 

Blog FunFair Labs

As such, FunFair Games has a focus on inclusivity, designing and building games with a community input on what to bet on. Moreover, FunFair Games strives for simplicity in design with attractive incentives and game theory mechanics. Additionally, the platform endeavors to achieve a thrilling and exciting gaming experience that is “social not solitary”.

At the time of writing, FunFair Games offers seven different games that have launched throughout 2021. Split into two categories, FunFair Games offers slot games and multiplayer games. Averaging one new project launch every other month, the first game FunFair Games presents is “Fergus O’Fun’s Shamrock Treasures”. Live since January 2021, Shamrock Treasures was the first FunFair slot game before the introduction of “Cyber Hunters 2080” a few months later in April. After this, FunFair Games released its first multiplayer game in May called “Astroboomers to the Moon!”. Following this came “Wheel of Steal”, “Astroboomers Turbo”, and “Five Ball Fiesta”, all as different multiplayer games. 

FunFair Wallet

FunFair Wallet is a secure, free-to-use, non-custodial crypto wallet solution. From an end users’ perspective, FunFair Wallet offers an easy-to-navigate design and customizable themes and configurations. Also, FunFair Wallet can seamlessly integrate into existing decentralized applications (dApps) for any device or web browser.

Blog FunFair Wallet

From a developer’s perspective, FunFair Wallet makes it simple to implement their own user interfaces without the need for external plugins. Plus, the wallet boasts two-factor authentication (2FA) and secure account recovery, along with fiat payments and Uniswap integration. Moreover, FunFair Wallet provides a white-label wallet service with a user-centric design available on any browser or device. The FunFair Wallet caters to both B2B (business-to-business) and B2C (business-to-consumer) needs, enabling a collective of decentralized applications (dApps) interactions via a single wallet account. 

FunFair Wallet masks complex Web3 computations behind familiar Web2 convenience. Furthermore, FunFair Wallet allows developers to offer a non-custodial wallet service, with user access to funds at any time. Additionally, FunFair Wallet is easily integratable with existing applications. Plus, the wallet provides customizable marketing, security, and legal parameters, thanks to global KYC (know your customer) partners. FunFair Technologies provides FunFair Wallet for developers to deploy applications quicker with an adaptable and compliant wallet experience. 

For an in-depth video tutorial on installing and navigating the most prominent Web3 wallet, MetaMask, see our DeFi 101 course at Moralis Academy! Here, we show students step-by-step how to use MetaMask to interact with popular DeFi projects. Start your journey in DeFi today, at Moralis Academy!

FunFair Labs

As the project’s research and development (R & D) arm, FunFair Labs is responsible for driving innovation and experimenting with novel protocols. On the “bleeding edge of blockchain tech”, FunFair Labs aims to present the latest industry developments in front of a world of online gamers. Moreover, another main role of FunFair Labs is to develop and improve its current products and services. 

Blog FunFair Labs

FunFair Labs facilitates seamless interoperability with both FunFair Games and FunFair Wallet to deliver the most user-friendly gaming solutions. This applies to both the end-user gaming and the development experience. Recognizing the shortfalls of the increasing gas fees on Ethereum, FunFair Labs chose to explore alternative blockchains and scaling solutions for deploying games. In turn, FunFair Labs is testing the multiplayer functionality on the xDai blockchain through its new Payloads game, available now. Resultantly, transaction confirmation speed has drastically increased while costs are now predictably and reliably low. This helps enormously to improve the overall gaming experience. Plus, Payloads also facilitates a live chat feature too. 

FunFair Labs works consistently to produce cutting-edge scaling solutions for blockchain gaming. Its latest development underway is “Wreckless Racers”, soon to be available on an Ethereum layer-2 network.

Blockchain Powered iGaming

In 2017, FunFair Technologies released a V1 turnkey igaming platform that claims to be “the most successful to date on the Ethereum blockchain”. However, since the original gaming platform is now in retirement, FunFair Technologies is focusing on the development of new and improved gaming experiences operating on layer-2 solutions

Blog FunFair Technologies

FunFair Technologies understands its users expect decentralization with its gaming platforms. Furthermore, players need an all-in-one space for instant payouts, fiat and crypto compatibility, and verifiably fair gaming. As such, FunFair Technologies offers its standalone FunFair Wallet as a universal wallet for blockchain gaming within its ecosystem. This means that users can access multiple FunFair games without the need to change accounts, thus improving the gaming experience. 

FunFair Technologies ensures all FunFair game transaction activity is immutably transparent on the Ethereum blockchain. Plus, the FunFair casino is fully customizable with the management of content including dynamic leaderboards and blogs. Thanks to third-party integration, users can personalize their homepage content. 

To increase community participation and brand awareness, FunFair Technologies offers a FunFair Games Affiliate program, also using blockchain technology. Thanks to blockchain, affiliates receive payments instantly upon a referral’s game session closing. FunFair Technologies enables developers to design tiered affiliate programs to reward and engage their communities.

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

The Guaranteed Fair® Promise

With every gaming experience within the ecosystem, FunFair Technologies integrates its Guaranteed Fair® technology to “guarantee players the ultimate fair gaming experience”. 

Blog FunFair Gamling Stats

With traditional online gambling sites, there is no verifiable way to prove the wins and losses as centralized sites “keep players in the dark with their ‘black box’ remote gaming servers”. However, this is no problem for FunFair Games users, as all transactions and interactions are public on the largest smart contract-enabled blockchain. Further, using cryptographic verifiable random functions (VRF), FunFair is able to offer a provably fair gaming experience using maths and computer science. Neither party can influence the outcome. This offers players peace of mind when playing games. 

Additionally, the Guaranteed Fair® technology enables instant payouts for players using an escrow account. In short, FunFair Games uses an escrow smart contract to hold players’ potential winnings and any other funds until the end of the session. At which point, all funds will return to players’ wallets near-instantly with closing. 

The Guaranteed Fair® promise technology also underpins the FunFair Wallet, allowing players to interact with multiple games without managing numerous crypto wallet transactions. Finally, in conjunction with the Guaranteed Fair® technology, the FUN token was launched in 2017 to fund the FunFair ecosystem. However, in 2021, the token was taken over by FUN Token.io as a completely separate entity, name, and branding.

Exploring FunFair Labs and the FunFair Technologies Summary 

In summary, FunFair Technologies offers a diverse and innovative range of products within its ecosystem. This includes FunFair Games, FunFair Wallet, and FunFair Labs. Each branch plays a significant role within FunFair Technologies, incorporating research, development, marketing, and customer service. Furthermore, FunFair Technologies is in the development of its layer-2 scaling solutions for upcoming releases. Additionally, FunFair Technologies assures its users of provably fair games through its Guaranteed Fair® promise. 

Blog FunFair Technologies Graphic

The Guaranteed Fair® promise technology provides players with peace of mind that games are provably fair through cryptography and computer science. Moreover, all transactions are fully transparent on the Ethereum blockchain. Overall, FunFair Technologies provides a comprehensive suite of tools and services to make blockchain gaming more enjoyable!

Have you any ideas for a game using blockchain technology? At Moralis Academy, we can show you how to bring your ideas to life! For readers with no programming experience, begin with our Javascript Programming for Blockchain Developers course to discover the foundations of coding. Then, move on to our Ethereum Smart Contract Programming 101 to learn the Ethereum programming language, Solidity. After this, you could try our Ethereum Smart Contract Programming 201 to deploy your own decentralized exchange (DEX). Or, our Ethereum Game Programming shows students how to design their own non-fungible tokens (NFTs) and decentralized marketplace! Start your blockchain career today, at Moralis Academy!

Also, don’t forget to follow us on Twitter @MoralisAcademy! We’d love to know your thoughts about FunFair Technologies and FunFair Games!

Written by Ivan On Tech
November 1, 2021
Ivan is an international speaker, educator, developer and data scientists. Ivan’s YouTube channel Ivan on Tech has become an international phenomenon, spreading blockchain knowledge all over the world and accumulating over 450,00 subscribers.
Filter by Categories

[moralis_money_blog_ad]

Which Token Will Pump Today?

Grab Your Market Edge Now

2minutes

54seconds

Trade Using
Real-time and
On-chain Data!

Trade Using Real-time & On-chain Data!

Recent Articles

moralis_research_cover

DeFi Deep Dive (Polygon, BSC, Fantom)

For those new to my analysis, I do trend trading over long timeframes. Global tech only has two outcomes: Giant success or catastrophic failure. Tech ...
Read More
21_10_Exploring-XDC-Network-and-the-XDC-Token
hybrid blockchain

Exploring XDC Network and the XDC Token

XinFin Network is an enterprise-ready hybrid blockchain solution. Powered by the native XDC token, the XDC protocol uses the Public XDPoS Consensus mechanism to validate ...
Read More
21_10_What-is-Telcoin-V3.0-compressed
TEL Token

What is Telcoin and the TEL Token?

Since launching Telcoin V3, the TEL token and TELx decentralized liquidity engine have seen a huge surge in adoption. With the intuitive mobile Telcoin Application, ...
Read More

Log In

Sign in to your account and start learning!