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FunFair’s New Crypto Wallet Intended for Blockchain Mass Adoption

FunFair, a decentralized gaming platform, and provider, has availed a new non-custodial crypto wallet. Its objective is to boost the user experience and utility for new and existing players across the platform’s Crypto Casino and CasinoFair brands.

The new crypto wallet, therefore, seen as a substantial step towards blockchain mass acquisition. Notably, the launching of blockchain projects has been hindered by various complications, such as security elements and funding options, that usually differ from mainstream offers. Additionally, the absence of usability of blockchain projects on mobile devices and various browsers has deterred their adoption.

The FunFair crypto wallet seeks to address these concerns. It has been stipulated:

“The FunFair Wallet addresses these issues with the introduction of more identifiable sign-up processes and security features, while most importantly ensuring the wallet can run on any browser and any device without the need for any third-party plug-ins or apps.”

FunFair’s CEO, Jez San, sees the new wallet as a that will be appealing to the millennial blockchain enthusiasts.

Jez San noted:

“Since launch, we’ve maintained our position as the most progressive blockchain casino provider, and the launch of the bespoke FunFair Wallet and second generation platform interface will confirm this position as we strive for mass adoption. Onboarding has been a struggle across the wider decentralised sector but our new wallet, built specifically for use at our partner casinos, will fix this immediately with a seamless, recognisable sign-up process, straightforward security features and simple crypto funding choices.”

Crypto has emerged to be a reckoning force in the modern space. For instance, the Rainforest Foundation recently utilized crypto in the protection of the Brazilian Amazon.

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Ethereum and Formula 1 Racing Team Up for Blockchain-Based Gaming

In-game purchasing and item collection has seen growing popularity in the gaming industry. Gamers are investing time and money into attaining the best items money can buy.

Yearly, for one popular game alone, $1.3 billion USD was spent on in-game items.

The Formula 1 racing game F1 Delta Time, will begin using the Ethereum blockchain to create in-game ERC 20 and 721 standards to use as in-game currency, aiming to capitalize on this in-game spending market. Players will be able to collect rare cars to use using Ethereum tokens as a purchasing method.

Blockchain offers a new method for players to further enjoy gaming, but also have real-world value for their purchases. Normally buying a Ferrari or Mercedes would be a one-off purchase with no resale value, however, on the blockchain, ownership can be bought and sold all across the platform to allow for trades and the ability to try something new.

Delta Time will offer extremely rare cars to users, predicted to cost as much as 30 ETH, which currently equals $4,500 USD.

As blockchain enters into more fields and expands adoption, it is likely the gaming sector will be heavily impacted. Delta 1 is not alone in this endeavor, with multiple other titles adopting the technology.

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Korean Blockchain Games Are Becoming More Mainstream in Global Markets

Blockchain Gaming is entering into a frenzy with multiple companies and businesses aiming to break into developing markets.

The latest Game “Crypto Legends” and “Knights Story” developed by Weneepl and Biscuit gaming have been released into the markets with a large demand happening all across the world. In Korea due to market rulings and regulations, the games are not in full availability in Korea, but booming abroad.

Weneepl, a blockchain game developer’s game Crypto legends allows players to battle and collect special cards in this trading game. Trading and collectible games are a perfect match in blockchain, with players able to buy and sell for real currency value using cryptocurrency. Crypto legends are running on the very popular EOS blockchain, which is decentralized and provides an environment for users to have complete control over their assets. In this case, trading cards.

After the initial launch, the blockchain game managed to rank top of the ranking list on DApp.com. A popular ranking site.

Knights Story focuses more on RPG (Role Play Gaming) and has also made use of in-game items to allow users to control what they want to buy sell or trade on the blockchain. Which is another very good match using the open ledger technology and ability to control your assets?

More games are set to come, which leads those in blockchain to be happy with adoption and overall progress. With more companies taking the leap into new technology, only strong futures seem likely.

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MintDice Bitcoin Casino—Bringing Trust to the World of Online Gambling

Online gambling is one of the fastest-growing markets in the world since the mass adoption of smartphone technology and increased global internet access. The industry is very divisive however and its opponents cite the high levels of fraudulent sites and scams. MintDice is a new breed of online casino. A social online Bitcoin casino that runs off several cryptocurrencies, predominantly Bitcoin and leverages blockchain technology. While many industries and sectors are yet to be truly transformed by the technology, the immutability and transparency that it provides is a perfect fit to solve the prevailing issues of the trustless online gambling industry.

Commenting on the integration of blockchain to the casino, Bryce Daifuku, CEO and Founder, MintDice said, “The biggest differences for users are the incredibly high levels of transparency and the reduced fees and costs of using cryptocurrency instead of fiat currency.”

Daifuku believes there are many blockchain developers seeking to further disrupt the online gambling, he said, “The online gambling industry has been growing year over year. The main question remains to be seen if Bitcoin/blockchain-based gambling will be taking a larger percentage of that market share or not over the next 5 to 10 years.”

Regulations and Compliance

Digging into the world of online gambling regulation is not a straightforward task, and can become quite confusing. According to businesswire.com—there are about 80 countries that have legalized online gambling, and Europe has the largest online gambling market in the world.

A huge pain point for online casinos is compliance and regulation. With an online casino comes the question of licensing, taxation and regulations of the individual countries and all legal online gambling businesses must be registered and in compliance in at least one jurisdiction.

For an online gambling site to offer its services to customers legally, it should hold a betting or gaming license issued by an appropriate licensing authority. A site will usually have to base at least part of its operations within the jurisdiction where it wishes to be licensed, meaning that many gambling sites choose their location almost entirely on the basis of the legislation and regulatory practices that they’ll have to adhere to. Daifuku admits, “It is a bit of a plague on the industry, but the best things to do are to get an active gaming license and to establish solid community trust on forums like BitcoinTalk.”

Enhanced Traditional Strategies

The house usually wins, but some players seem to win quite consistently as well. Experienced gamblers often follow strategies to curb the risk of their bets and some have found their way over to the MintDice platform. A popular traditional strategy is the Martingale—a roulette doubling strategy. The concept is simple, you place your bet on one of the very outside bets. After every coup you lose, you double your bet, and you keep doing that until you win. The first win will recover all previous losses, plus give you a profit equal to your original bet. At this point, you start all over again with your original bet, which you double again until your next win.

The limitation of the Martingale is that if you lose consistently in a row, a deep pocket is required to continue to cover the bets. On MintDice Daifuku notes and enhanced the opportunity to use this strategy, “The most notable is that Fiat betting may not dip below the smallest unit, for example, one penny. Meanwhile, Bitcoin or other currencies go down to the Satoshi level. This, for example, allows people to run more elaborate Martingale schemes than would otherwise be possible with fiat-based providers.”

The majority of the games available on MintDice have been custom-built for the site and new strategies have been provided by the casino’s team to advise users. The Bit.Rocket Bitcoin Crash game has its own detailed strategy guide and it is encouraging to see this level of support for punters.

Confidence to Play

A conscientious look through MintDice’s website will show any user that great effort has been taken to demystify the games, payments, and mechanisms that make the casino possible. The website features and incredibly comprehensive FAQ page which explains everything from cryptocurrency to staking and there are direct points of contact for users who still find their questions unanswered. While the reputation of the online industry may make it difficult for MintDice to attract and retain new customers in the short-term—the products on offer are exceptional, the user-interactivity is supported, development and innovation are ongoing and the bitcoin community is engaged. Above all, with the integration of blockchain and Provably Fair technology, MintDice offers something that few other online sites can—trust.

Ethereum Continues to Grow in Use and Price in 2020, But Why?

The Ethereum blockchain has been a platform enabling new tokens’ initial life in cryptocurrency. Many developers use Ethereum as the go-to chain to create their business and tokenonomy (Token economy) before launching into the markets on exchanges and other services.

Already in 2020, the price has seen significant increases, rising from $120 to over $225 in under two months. But is there any reason why?

Coingecko: Ethereum Price from December 2019 — Feb 2020

In 2019, Ethereum decentralized apps (Dapps) showed huge advancements in popular segments including gaming and sports.

Following 2019’s growth, wallet holders have seen huge further increases during the start of 2020, with over 80% of new daily active wallets in use from Dapps as well as games and marketplace users jumping up a huge 163%.

Games are the most popular category on Ethereum’s decentralized marketplace, with the segment seeing a 7% increase in titles and new launches over the past months for players to enjoy.

The continued increase and interest in gaming alone is a huge reason why Ethereum continues to expand and attract new users. This could certainly be seen as to why the price has also seen steady rises. In January 2020 we can conclude that after a 7% increase so soon in the year, Ethereum is showing signs of real promise.

If Ethereum can continue to dominate gaming spaces and build on its marketplace, fighting off other platforms in the market, then 2020 could be a significant year for the cryptocurrency. Gaming, sports, and decentralized finance will be the driving factor as well as how the latest updates to the chain affect performance. The timing comes when the long-awaited Constantinople update will finally take place as well, creating quite the momentum for blockchain’s largest and robust platform.

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Litecoin And Atari Bring the Highly Anticipated Atari Token to The Market

Litecoin Foundation has announced its partnership with the US videogame producer Atari to make Litecoin an accepted means of payment for the soon to be launched Atari token. Atari is a US-based video game producer globally known for some of the most popular video games in history, like Centipede, Breakout, Asteroids, and others. Atari is one of the original and most iconic entertainment producers and consumer brands with a great reputation among gaming enthusiasts.

Aiming to Prosper Through Partners

The partnership between Litecoin Foundation and Atari will expand into multiple areas, such as the usage of Litecoin across gaming platforms in the Atari ecosystem and other potential ventures like joint merchandising. Atari will provide Litecoin users with the ability to use their digital coins in several ways throughout the Atari ecosystem. Being accepted as a means of payment into the soon to be launched Atari token, Litecoin will, therefore, be used as a means of investment.

Atari has ambitions for own cryptocurrency recognized as Atari Token but aims to integrate Litecoin as soon as possible. According to the report, Atari has set its sights to launch the Atari token in September 2020. Consumers will use the Atari token to track digital assets and manage purchases in the ecosystem and make payments in the recently announced Atari Casino, which provides casino games with buy-ins using cryptocurrency.

Furthermore, Litecoin will be used as an option for buying the much-expected new VCS Atari game console at an attractive discount. The VCS is an all-new set-top console hybrid of Atari, which will allow users not only to play hundreds of classic and modern video games but also to allow users to create and upload their own apps and games for others to enjoy.

Charlie Lee, Litecoin founder, mentioned that he became a professional software engineer because he loved watching video games, and Atari is his first console.

Fred Chesnais, Atari CEO, said that low transaction costs and the ease-of-use of Litecoin would make the cryptocurrency a perfect fit for use alongside other projects and the Atari token.

A subsidiary of Atari, identified as Atari Chain Limited, has been established to lead the development of ongoing blockchain and cryptocurrency projects in entertainment-based industries.

Litecoin Foundation Partners with Cred to Let Crypto-Holders Earn Interest

Litecoin Foundation’s mission is to advance Litecoin cryptocurrency for the betterment of society by promoting and creating state-of-art blockchain technologies. The non-profit organization recently partnered with California-based licensed lender Cred to offer financial services to Litecoin holders. Cred is a leading cryptocurrency-backed lending and borrowing platform that serves clients in 190 countries. Such a partnership enables crypto customers to freeze their funds with Cred and earn up to ten percent interest on their digital assets. Litecoin Foundation, therefore, remains committed to advance revolutionary blockchain technologies mainly through Litecoin, which is a top 10 global cryptocurrency with a market cap that exceeds 3 billion dollars and is one of the most popular cryptos in the world.

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Top 10 Dapps on Ethereum Network Surpass 1 Million Daily Users

In the last one month, the top 10 decentralized applications (dapps) on the Ethereum network have hit 1,017,760 daily active wallet users, according to data acquisition and analytics company DappRadar.

Most Ethereum users are on DeFi platforms

Per the report, 94% or 952,920 of the daily active wallets fall under the decentralized finance (DeFi) and exchange dapps category. This can be attributed to the fact that 6 of the top 10 are in this sector, while two belong to the high-risk category, which are dapps that don’t last for more than a few months. The remaining two are from the marketplace and gaming categories.

Compared to the mobile app market, the one million users is relatively small, but it shows a notable turning point that DeFi has made the Ethereum network a force to be reckoned with.

This report correlates with the fact that Ethereum has been making headways in recent months because its blockchain is being heavily leveraged in the booming decentralized finance (DeFi) sector, as well as for other projects like dapps and smart contracts.

For instance, $100 million worth of Tether (USDT), a leading stablecoin, was recently transferred from the Tron network, a blockchain-based decentralized operating system, to the Ethereum blockchain.

The report noted:

“Crypto.com, Compound, and Uniswap lead the charge accounting for 90% of the daily active wallets. Crypto.com is pulling out ahead with almost half a million daily active wallets in the last 30 days.”

Collectibles and gaming take a share

Not only is the Ethereum blockchain being embraced in the DeFi market, but it also plays a huge part in the digital collectible and gaming sectors. This can be alluded to because Axie Infinity, a blockchain gaming dapp, and Rarible, a non-fungible token (NFT) marketplace, made it to the top ten.

These statistics show that technological innovation is continuously taking place in this space. For instance, sports teams are leveraging the Ethereum network to enable fans to build their preferred teams and trade digital collectibles.

Earlier this month, German football giant, FC Bayern Munich, joined an Ethereum-based fantasy soccer game platform called Sorare, which leverages non-fungible tokens (NFTs). The reigning UEFA Champions League winners became the third German club playing under the Bundesliga league to join Sorare, which has at least 100 licensed teams.

In other news, Ethereum stored on crypto exchanges recently sank to a two-year low, and this was interpreted to mean that the confidence of holders was growing based on the long term value of this cryptocurrency.

Alien Worlds Takes the Helm as the Top Blockchain Game, Approximately 11 Million Daily Transactions

Alien Worlds has emerged as the leading blockchain game with nearly 11 million daily transactions undertaken by more than 700,000 monthly active users.

DappRadar, a leading portal for decentralized applications, undertook this study by tracking on-chain smart contract activity.

Max Infeld, an NFT artist, praised Alien Worlds for taking off in less than 12 months and said:

“The Alien Worlds community has successfully inspired a generation of blockchain gamers to engage in the same intense cooperation and competition – mining, fighting, playing games and participating in governance – that is found in any earthbound community.”

Alien Worlds is a blockchain-based game that involves playing non-fungible tokens (NFTs), voting in elections, staking Trillium tokens to planets, and running for planetary council.

Furthermore, this game is founded on a competitive Decentralized Autonomous Organization (DAO) structure that motivates and engages players on their virtual home called Planet DAO.

Alien Worlds has 3.6 million registered users

The blockchain-based game’s popularity has not gone unnoticed since it was launched in beta version in 2020 because it comprises around 3.6 million registered NFT enthusiasts and game players.

Kevin Wang, a partner at Longling Capital, noted:

“Alien Worlds started with a vision to make the most of NFTs and blockchain technology by building a social and economic structure that gamers could explore and enjoy in many different ways.”

NFTs have been taking different sectors by storm, including the gaming world.

For instance, World Wrestling Entertainment (WWE), an American integrated media and entertainment company mainly known for professional wrestling, announced in August the gracing of pay-per-view event SummerSlam with NFTs inspired by 16-time world champion John Cena.

NFTs are blockchain-based ownership digital assets, and their value is pegged on their uniqueness, given that the tokens are non-divisible and have to be bought in their entirety. As a result, these traits create intrinsic value for NFTs because of their limited supply.

Hong Kong-based Startup Animoca Brands Increases Shares in Kikitrade to Deepen Partnership

Following the social investment platform, Kikitrade’s plan to widen its participation in the blockchain gaming (GameFi) and non-fungible token (NFT) market, a Hong Kong-based startup company Animoca Brands has increased its shareholding in the firm to become the second-largest shareholder.

GameFi, also known as play-to-earn (P2E) games, has seen a recent upsurge enough to dominate the blockchain market for the past several quarters.

With comprehensive financial infrastructure, Kikitrade and Animoca Brands plan to promote new and upcoming GameFi projects with mutual cooperation.

Sean Tao, Co-founder and CEO of Kikitrade, said:

“The Kikitrade and Animoca Brands partnership is a turning point for enabling mass adoption of GameFi. With its social capabilities, Kikitrade will create an educational platform that connects GameFi players and CeFi users – on one hand streamlining GameFi players’ ability to monetize their gaming experience, while on the other hand introducing CeFi users to the GameFi ecosystem.”

Kikitrade started in 2020 with an aim to re-invent the crypto investing experience to allow professional traders, everyday investors and crypto-beginners to learn and invest in cryptocurrency. Currently, the company is serving in Hong Kong, Taiwan, SEA and Australia.

Animoca Brands is a digital entertainment, blockchain, and gamification provider. Their portfolio of products includes the REVV token and SAND token; games, including The Sandbox, Crazy Kings, and Crazy Defense Heroes.

Animoca Brands aims to deliver digital property rights to the world’s gamers and Internet users.

Many blockchain games like Animoca Brands’ The Sandbox have quickly become top applications of blockchain technology.

With a top-notch in-app community, Kikitrade provides a comprehensive platform for GameFi players, investors and traders to connect.

Also, Kikitrade plans to establish GameFi Studio in the near future to accelerate the development of GameFi and the NFT market.

Top Indonesian Football Club Enters the Blockchain Gaming Arena, Partnering with LGG

To offer its fans new experiences in the blockchain gaming sphere, two-time Indonesian football league champion Persib Bandung has partnered with Liberty Gaming Guild (LGG).

Gabriella Witdarmono, the vice president of partnership and activation at Persib, acknowledged that intertwining football and innovations like blockchain gaming is a step forward in the digital era.

She noted:

“Persib, as one of the football clubs that have the largest fan base in Indonesia, must keep up with technological developments, one of which is the development of the gaming industry, which is now favoured by loyal Persib fans, known as Bobotoh.”

Playing in the largest league on Indonesian soil called Liga 1, Persib intends to offer its fans an ecosystem to learn and thrive in the new gaming era through blockchain gaming platform Liberty.

Fans will also have the chance to monetize their efforts through non-fungible tokens (NFTs), which continue taking the world by storm based on the proof of ownership concept.

Based on the huge blockchain gaming community in South East Asia (SEA), Maurizio Barbieri believes that the partnership will open new doors to what blockchain technology and the metaverse can offer.

The chief community officer at Liberty stated:

“I am sure we’ll be able to accelerate our growth in SEA and in Indonesia specifically. We just can’t wait to start working with the amazing Persib team and take this not only to the next level, but to the moon.”

The blockchain gaming sector continues to gain steam, given that it attracted investments worth $1.1 billion last month, according to a recent Blockchain Game Alliance and DappRadar report.

Virtual worlds, decentralized applications (dapps), and play-to-earn platforms attracted the lion’s share of these investments.

With 2.4 billion active gamers worldwide, blockchain-based games are gaining traction because they accelerate the metaverse narrative.

Furthermore, the gaming transparency rendered by blockchain technology is also making them tick.