Faireum rolls out new platform enhancements as blockchain and crypto popularity in iGaming Increases
Part of Faireum’s continuous improvement of user experience will see the integration of various crypto payment methods to drive adoption and increase ease-of-use. With thousands of games already featured on the beta Faireum platform, the future of iGaming has never been closer.
It is not a secret that investors have some strong feelings towards online gambling and blockchain as the two are becoming a winning combination. In the past few years, the iGaming industry has moved to the forefront of adopting new technology and providing new features to users. What is even more amazing is that online casinos are always first to recover after the financial crisis, such as the dot com crash — resilience and evolution of this industry are incredible.
With the proliferation of smartphones and improved internet speeds, online casinos introduced better games and live table features where players interact in real time. And now, blockchain technology is taking online gaming to a whole new level.
It is one thing to accept cryptocurrency as a method of payment. However, Faireum is taking it one step further by using blockchain technology to build a new online gambling solution that is the next level of evolution for iGaming. The system’s MVP is currently in beta testing mode and will soon be live and pushing the limits of what is possible. We believe this new model of a proprietary blockchain and a set of protocols for developers to create their Dapps compatible with all of the WASM blockchain contracts is rapidly gaining in popularity because it offers complete transparency and unrivaled flexibility and connectivity. And more trust equals more users.
And the set of improvements on the Faireum ecosystem doesn’t end there. By integrating a built-in wallet and exchange, Faireum presents an excellent opportunity for transparency about every aspect of the iGaming process. Players’ trust is essential for any new online casino.
In an industry as lively and as endangered as the gambling industry, it is incredibly important to stay ahead of your competition. Faireum is uniquely equipped to remain capable of avoiding violating the regulation associated with the industry. Faireum’s decentralised MVP is an important aspect of this technological development as it will showcase the much more capable random number generator algorithms that have resulted in better results than the RNG algorithms that have been available to developers up to this point. This means that the reliability, anonymity and even the randomness of the games have increased at no cost of speed to players. A great development for the gamblers worldwide.
The blockchain gambling market is enormous. DApps on TRON network alone handled over $1.6 billion in transactions in Q1 2019. 64% of those DApps are gambling related. TRON gambling DApps daily transaction activity is about $102 mln. Other networks have impressive stats as well — EOS $16 mln and ETH around $4 mln. Stats were measured on the same day.
Hundreds of new gambling projects and DApps are set to release in 2019 and beyond. It is an exciting time to be a part of the iGaming industry! And what is even more exciting is giving Faireum users and developers the tools to control their own gaming experience online.
Part of Faireum’s continuous improvement of user experience will see the integration of various crypto payment methods to drive adoption and increase ease-of-use. With thousands of games already featured on the beta Faireum platform, the future of iGaming has never been closer.
