With the cryptocurrency market having thousands of different tokens, it’s not surprising that the vast majority of them are geared towards niche audiences. If anything, we’re advancing towards a future where there’s a cryptocurrency for every ecosystem you can think of, all of them making a living – or trying to – by piggybacking on the success of larger blockchain projects. Funfair is one of the more specific types of cryptocurrency, and oddly enough, one of the projects that could see enough use given time, to justify its own existence.
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How does Funfair Coin work?Rather than having its own blockchain, Funfair leverages on the capabilities of the Ethereum blockchain. This ties its functioning and upgrades to the ETH network itself, bringing most of its benefits directly to Funfair and giving the cryptocurrency the credibility that the Ethereum network confers. The concept behind Funfair is simple: For decades, humans have used tokens symbolically as currencies on fairs, video game arcades, and casinos. The Funfair Coin is an attempt to bring this model to the blockchain, thus creating a cryptocurrency that exists for the sole purpose of driving transactions within dApps and the virtual gaming world. While it might sound like a very small goal for a cryptocurrency, this specificity, along with its direct tie to internet gaming and gambling, is what makes Funfair a relatively logical choice for a cryptocurrency. In an era where internet video games thrive and large casinos have ample virtual presence, the token is a relatively safe bet in the unpredictable crypto market.
Who created Funfair Coin?
Funfair was created by Jez San, Oliver Hopton, and Jeremy Longley. All three of them have an extensive background in gaming design and development. This alone puts the cryptocurrency in the relatively small group of tokens created by people with actual experience in their target market. FunFair Technologies is headquartered in Singapore, although it also has offices in London, Malta, Gibraltar, and Guernsey – an unusually large spread for a smaller, relatively niche crypto startup.