Wunbit, a distributed ledger technology (DLT) based gaming platform that claims to be running on provably fair algorithms, is determined to give power back to game players by fostering transparency and allowing them to earn cryptos while doing what they love most, according to a press release, September 30, 2019.
Wunbit Changing the Narrative
In an effort to create a level playing field for all stakeholders in the iGaming and video gaming ecosystem and allow gamers to earn decent rewards in cryptocurrency for playing games, Wunbit has launched its blockchain-based gaming platform with provably fair algorithms.
As stated in its press release, the global gaming industry generated nearly $140 billion last year, with most of this money going to established game producers, eSports platforms and other professionals, leaving the casual players with virtually no return on their gaming investment (time and money spent playing games).
Also, some online gaming platforms have reportedly made away with gamers’ funds in recent times, while several others carry out fraudulent operations like rigging the outcome of games since players have no way of seeing their chances of winning.
Against that backdrop, Wunbit, an Estonia-based project is going all out to sanitize the world of video game and iGaming with its blockchain-powered platform that runs on provably fair algorithms based on the Ethereum smart contracts network.
Carlos Oporto, CEO of Wunbit declared:
“The video gaming market hit $134 billion in 2018and projections indicate that the iGaming industry will generate more than $74 billion in 2023. However, these two industries have inherent shortcomings that make the market favour only a small group of people and making it unfair to others,”
Rewarding Players with Cryptos
Reportedly, Wunbit rewards users and gamers with its native WUN token when they play games and the tokens can be redeemed in the real world for fiat currency.
With its secure application programming interfaces (APIs), and smart contracts, Wunbit connects games to its distributed ledger, allowing transparent and secure communication with a player’s wallet.
Interestingly, the team has hinted that the probability of winning a game is visible to players and their winnings and in-game rewards are automatically sent to their wallets through smart contracts.
Wunbit says game developers are free to leverage the robust tools available on its platform to build blockchain games and it also plans to reward best performing developers on its platform, to encourage them to do more. The team plans to launch its WUN token presale on November 1, 2019.
In related news, earlier in August 2019, BTCManager informed that nWay, a highly reputed maker of video games have integrated blockchain technology into its platform.