Funarcade Docs
  • 🚀About Funarcade
  • Introduction
    • 🌈Bringing web3 into games
      • 🏡Play the house
      • đŸ˜ī¸Join the house
      • đŸšī¸Be the house
    • 🔆Our Motivation
    • đŸĢ‚Community Links
  • Product
    • đŸ•šī¸Games offered
      • Funarcade Originals
      • Providers
      • Lotteries
      • Sports
    • đŸ›Ŗī¸Road Map
  • Tokenomics
    • đŸĒ™Token information
    • 😮Why esFAT?
    • 📊Token distribution
    • 🎆Accumulating tokens
  • Guide
    • đŸŽī¸Getting started
      • 🚘Onboarding to crypto
        • Importing tokens to wallet
      • 🚗Access by wallet
      • 🚙Access by username
      • 🚍Deposit / Withdrawal
        • Page 1
    • 🎮Playing the games
    • 🤩Earning rewards
      • Reward Points and Player Incentive Pool
      • esFAT staking (coming soon)
      • Using Bankroll Vaults (coming soon)
      • Providing liquidity (coming soon)
  • ✅Trust and Transparency
    • 🧮Accounting Portal
    • đŸ•ĩī¸â€â™‚ī¸Provably Fair
      • Overview
      • Calculations
      • Using your own Client Seed
    • 📝Contracts
    • đŸ‘Žâ€â™‚ī¸Audit Reports
    • â›‘ī¸Hot Wallet Funds Protection
  • Testnet
    • 👨‍🚀Testnet
  • 🐞Bug List
    • đŸ•šī¸Games
    • 📊Accounting Portal
  • đŸ› ī¸Changelog
    • Epoch 4 (22/1/2024 - 18/2/2024)
    • Epoch 3 (25/12/2023 - 21/1/2024)
    • Epoch 2 (27/11/2023 - 24/12/2023)
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On this page
  • The shift in paradigm
  • Gaming 1.0
  • Gaming 2.0
  • Gaming 3.0
  • What if things could be different?
  • This is the web3 concept of on-boarding users onto the platform - by bypassing all middlemen and incentivising the people that actually matter - the users.
  • Our Vision
  • Team
  1. Introduction

Our Motivation

Why we built Funarcade

PreviousBe the houseNextCommunity Links

Last updated 1 year ago

The shift in paradigm

Gaming 1.0

Gaming venues and platforms have always existed in our society. Casinos are but permissioned locations to host games where others can come to play.

These casinos invest huge time, money and effort, pulling out all stops to ensure that players stay or keep coming back to them.

Gaming 2.0

With the advent of the Internet, gaming venues moved online as well, accessing a global pool of players that is unrestricted by geography.

With online gaming, gaming venues continue to spend huge amounts of money to attract users to the platform - using tools like affiliate marketing to attract marketers and content creators.

Gaming 3.0

In both examples, value does not accrue back to players. Web2 projects keep all the profits for themselves, reinvesting the lion's share of profits made on more marketing and affiliates to get more users to get even more profits.

What if things could be different?

This is the web3 concept of on-boarding users onto the platform - by bypassing all middlemen and incentivising the people that actually matter - the users.

Our aim is to ensure that all users of our platform share in its rewards. We believe the most sustainable model is one where everyone wins - particularly the players who drive Funarcade.

Our Vision

Funarcade aims to bridge the gap, combining strong expertise in gaming with an understanding of crypto/web3 to build a gaming ecosystem that succeeds with the community.

Games proposition

Players can be assured that games are designed around fun! Whether you are a big-time 'whale' or just out for some casual fun, our platform design and animation will transport you to an amusement arcade or funfair where fun awaits.

Bets come in all shapes and sizes here at Funarcade - we accept bets as low as $0.01.

We bring together the best of on and off chain technologies - no more issues with gas fees, randomisation or admin fees!

Community proposition

By eliminating middlemen, we have more profits to go around:

  • Gamers can reap rewards while playing

  • Token stakers can earn passive income

  • Vault depositors can benefit as more players come into the ecosystem

Team

Funarcade is managed by a team with a diverse combination of expertise. Some highlights of our experience include:

  • An extensive background in the gaming industry with over 50 years of collective experience.

  • 15+ years of web2 software engineering expertise.

  • Experience in building decentralised platforms.

🔆

1.0: Brick and Mortar

Scope: Geographically limited

Value accrual: Gaming venues

2.0: Online Casinos

Scope: Global

Value accrual: Gaming venues and affiliates

3.0: Web3 Casinos

Scope: Global

Value accrual: Community