The Rise of Online Gaming and Blockchain Integration
The online gaming sector has experienced substantial growth, evolving from a niche market to a multi-billion dollar industry with a global player base competing in various games and genres. Recently, there has been a marked increase in interest in blockchain technology within the gaming community. One notable application of this technology is in gambling, where FUNToken aims to empower players by giving them greater control and ownership of their funds. In a recent discussion, CryptoPotato spoke with Adriaan Brink, the CEO of FUNToken, who brings over two decades of experience in betting, gambling, technology, and internet payment systems. Brink has developed numerous robust systems and was involved in launching one of the first-ever online gaming platforms.
Understanding FUNToken’s Mission
Brink elaborates on FUNToken’s mission, stating, “Our goal is to decentralize the gambling experience, ensuring that players have control over their funds. It all starts with our token and mobile-based wallets that allow users to manage their tokens easily. We aim to enhance user experience by removing gas fees and creating a seamless interface for transactions. Additionally, we are focused on expanding entertainment options for players and fostering a strong community, all while transitioning more processes onto the blockchain and away from traditional custodial operators. Essentially, we are creating a blockchain-based ecosystem for gamblers.”
Choosing Polygon for XFUN
Recently, FUNToken announced the launch of XFUN, a Layer-2 token operating on Polygon. When asked why Polygon was selected, Brink explained, “Polygon offers a fast, scalable Layer-2 solution with minimal transaction costs. We’ve implemented a system that effectively eliminates gas fees for our users, which we believe is crucial for increasing token adoption. While we have explored other chains and remain flexible, our primary focus is on usability and community engagement rather than the specific blockchain technology used.”
The Importance of the Burning Process
Brink also provided insights into FUNToken’s burning process, stating, “Incorporating a deflationary aspect into our ecosystem can lead to an increase in token value, which is appealing to investors. We have committed to burning half of our net profits from our gaming operations quarterly, starting with a 5 million FUN burn last September. The ultimate aim is to enhance value for investors by expanding our ecosystem and increasing the utility of the tokens.”
The Future of iGaming with FUNToken
Looking toward the future of iGaming, Brink expressed strong beliefs about the integration of cryptocurrency into everyday life, akin to the internet’s current presence. He noted the growth in user numbers from 80,000 to over 300,000 since February, with the trend continuing. Recently, FUNToken launched a marketing and tech initiative at Sigma in Malta, aiming to encourage online gaming operators to adopt XFUN and engage with the FUNToken community. This strategy is expected to create more opportunities for FUNToken holders and further expand the community.
Excitement Surrounding the Roadmap and XFUN Launch
Brink shared his enthusiasm about the extended roadmap leading into the fourth quarter of 2021, particularly about XFUN. He stated, “The launch of XFUN on Polygon allows us to conduct on-chain operations without the latency and gas fee issues faced by FUN and other Ethereum-based tokens. This, combined with an innovative wallet and strong operator integration, positions us to create a powerful and unique gaming ecosystem for the future.”
