By
Mayowa Adebajo
March 12th, 2024
Fair.Game is aimed at adding more transparency and openness to online games bringing the blockchain technology and smart contracts to the world of gaming.
The first cryptocurrency called Bitcoin was introduced more than 9 years ago. Since that time thousands of other tokens have been issued with an aim to help their owners conquer the market. But today to wow cryptocurrency world it is necessary to offer something really innovative. As Fair.Game team has done.
The first fully visualized gaming platform on blockchain Fair.Game has attracted a widely ranged audience due to its idea to connect game developers and gamers worldwide. During its Pre-ICO and three-day ICO that ended on December 31, 2017, the company raised a total of 28,940 ETH.
With a view to fight against black box operations, non-transparent algorithms for calculation and general inequality among the players, Fair.Game has developed a new strategy with three key focuses: Fair Games, Fair SDK and Fair Game Assets Marketplace.
The concept of its independently developed ecosystem is already being tested with Fair Slots and Fair Texas Hold’em Poker that are considered to be among the most successful prototypes based on blockchain. The fair operating mechanisms tested with these prototypes will be applied to other blockchain-based games in the future.
Moreover, during these testing procedures Fair.Game team is also gathering feedbacks from users which help to understand what should be enhanced. But it is also important to say that the team doesn’t work with cutting-edge games only, it is also developing ways for integration of blockchain technology into “traditional” games.
The total revenue of the global game market in 2017 is said to achieve $108.4 billion. And it is believed to grow to $230 billion until 2022. Nevertheless, current gaming environment is not an ideal place for gamers. Online games lack transparency. But fortunately, it can be improved with the blockchain technology and smart contract. With the blockchain, all the rules will be set initially from the very beginning with no opportunity to change the algorithm.
If we take Fair Texas Hold’em Poker as an example, we will see that all core random numbers are public, including random accesses to the game, the game reward probability, etc. Fairness is ensured thanks to complete openness and transparency of core data that is transmitted through the encrypted channels and not manipulated by the server. On April 18th, 2018, Fair.Game team will be also ready to present its new game called Fair City that is believed to become another successful blockchain-based game based on similar fairness algorithm.
The implementation of the blockchain technology into mainstream games will be a good solution for game developers. Today, SDK is an essential foundation for cooperation of the game platform and the game developers. And Fair.Game has created a way to facilitate the process of the blockchain technology implementation. The Fair SDK will be launched to bring more benefits to traditional game developers who will have an opportunity to enjoy fairness and work with game assets, safe digital wallets and digital currency payments.
Fair Game Assets Marketplace is one more breathe-taking concept for gamers and developers. It represents itself a fair and open game asset trading platform. Players will receive a chance to freely trade the game asset on the chain. The blockchain technology will ensure the trust mechanisms and security.
Fair Games, Fair SDK, and Fair Game Assets Marketplace seem to be relatively independent business models. But each of them supports one another and fully follows Fair.Game’s goal to connect marketplace, gamers and developers through a blockchain-based ecosystem.