About

FunFair is a venture capital firm focused on early-stage investments in blockchain technology. It offers strategic support, networking, mentoring, and assistance in fundraising, banking, product strategy, and user onboarding. Its services extend to smart contract development, wallet management, blockchain nodes, and token economics.

History

FunFair is being developed by FunFair Technologies, an online casino gaming technology and development platform. The project aims to build an Ethereum-based platform that allows licensed third-party operators to build blockchain based casino games. By creating games on a public blockchain the team believes they can offer transparency and prevent cheating by casino operators or players. FunFair aims to engineer a peer-to-peer casino that removes typical casino middlemen and eliminates costly server racks, providing gamers with larger payouts when they win and reducing overhead costs for casino operators. The platform plans to support standard games, such as blackjack, slots, craps, and other games that are designed by FunFair Technologies or other third parties.

Despite operating on a public network, the underlying technology is not open source, except for what is needed to make the games provably fair. FunFair plans to create value through their intellectual property, including their platform, games, and other proprietary technology while eventually making most of their project open-source without revealing the intellectual property that gives them a competitive advantage. The firm’s business model focuses on selling access to their platform through white label casino operators and licenses to affiliates that market or refer players to casinos. FunFair Technologies will not mandate third party game developers to open source their designs, except for the parts necessary to ensure provably fair gaming.

FunFair (FUN) tokens power the entire FunFair platform. Players are required to use FUN to place bets and any winnings are paid out in FUN tokens by casinos. FUN tokens will be utilized to incentivize game developers, pay affiliate license fees, white label fees, game transaction fees, and any other platform services.

While FunFair is currently testing their beta version and providing demo versions of their games on the FunFair website, some of their demo games are currently testable on the Ethereum test network.