- FunFair is the Ethereum blockchain-based online casino platform is planning to revolutionize online casino
- Using the Ethereum blockchain technology, PKR founder Jez San’s latest project releases demo of casino classic
A fast, blockchain-based roulette game was showcased for the first time during the iGaming Super Show taking place this week in Amsterdam, Netherlands.
A preview video of FunFair roulette:
His new company, FunFair, is looking to become the leader in the world of blockchain casino, providing cheap, fast, and highly functional games, which are, at the same time, provably fair.
The ‘smart contract’ feature of Ethereum creates a gaming environment which can’t be corrupted, providing players with a 100% guarantee the games they play aren’t rigged in any shape or form.
READ MORE: Jez San talks to Casinopedia about FunFair.
Faster wheel & better winning potential
FunFair roulette not only boasts the fastest roulette wheel around, but it is also said to be many times less expensive for the casino to implement, because of the technology that FunFair employs to reduce the so-called ‘gas cost’ – or the cost of processing a transaction.
This works in favor of casino operators and players alike. Players can be offered better win potential, or lower costs, while the casino operator gets to offer its games more cheaply, with less overhead cost.
The new game features high-resolution graphics as well as low fees for transactions. Players will pay transaction fees only at the start of the session and at the very end.
FunFair roulette test phase
For the time being, FunFair roulette is in its testing phase, open to everyone curious about this new concept.
Those who’d like to try it will need ‘test Ether’, and FunFair plans on releasing FUN tokens for players to use.
This should happen either later this year, or at the start of 2018.
The FUN tokens are the currency used to power FunFair casino platform, and the FUN will also be used to run the new Random Number Generator used across the platform.
FUN tokens have already been listed on some exchanges, and may become a full-fledged cryptocurrency in their own right.
The future of gaming?
FunFair is a company that wants to change the face of online gambling as we know it today. With their faster, cheaper, and provably fair technology, they want to do to online casino what Uber did for urban transport.
FunFair will not run casinos itself, but will provide the games and back-end support upon which operators can host their online casinos.
The idea has been accepted very well so far, as the company raised $26 million during the token presale – a sort of fundraiser similar to a Initial Public Offering (IPO) which took place on June 22. The second phase of the token sale is scheduled for September.
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