Crypto, at the moment, is frozen as ice. And what every ice needs is a perfect industry cocktail that would quench the thirst of investors and users alike.

When talking about an industry that is worth $137.9 billion, a lot of guesses might come into mind. Was it food processing? Real estate? Filmmaking? Retail? Multi-level marketing? Scams? Perhaps it would come as a surprise — but believe it or not — this overwhelming amount of money was actually generated by the global gaming industry in 2018. Crazy isn’t it? To think that such revenues would come from an industry that provides something that wouldn’t be listed under Maslow’s hierarchy of needs.

It’s crazy to think that an estimated value of 2.3 billion gamers all around the world have been spending this amount of money over something that isn’t vital for our sustenance or survival. Still, it may sound crazy, but it isn’t far from the truth. We have all played games at least once in our lives, and it’s impossible for anyone to not have enjoyed it. Games have been a part of our humanity. We may not realize this, but this activity has been intertwined with us as a species, and this leaves as us with one fact — that we are bound to play sometime sooner or later.

Now Add Blockchain Into the Equation:

These days are what is called the crypto-winter brought by the bursting of the crypto bubble one year ago. Because of this, investors and coin holders alike are thinking more than twice into investing their money into their industry of choice, as all prices have gone low, and their rise is as unpredictable as dice.

Faireum is one of these ICOs that want to change the way investors and users think about the crypto winter. And this is done by fusing the most lucrative aspects of the gaming industry and the blockchain technology, with the assurance of an internal economy and machinery that would keep itself running in the midst of the frost.

Imagine this figure: $122,000,000,000 — if you think the gaming industry is crazy enough, this is the total market capital of the cryptocurrency industry, and take note that it is the crypto winter, meaning that this is far from the highest it has ever been.

The $70.3 billion gained from the global gaming industry is attributed to mobile gaming and $32.9 billion is for PC. This accounts for 75% of the overall global gaming market revenue and the rest is on consoles. If we put that 75% into consideration and we factor in the type of games that has the ability to generate such steadily increasing revenues (as most games are ad-reliant and free-to-play, and triple-A games only require single purchase to be playable), the massive revenues can be attributed to none other than online gambling. Gambling as a separate industry alone is worth $125 billion by 2018, so it should come as no surprise if this were behind the massive revenues of mobile and PC gaming.

Come to think of it, these two multibillion-dollar gargantuan industries, blockchain and gambling, merging into something greater, what difference would it be able to make on both sides of the industry? The possibilities are limitless.

Everything that Blockchain Touches…

The blockchain technology is like an industry Midas — everything it touches turn into technological gold. Faireum knows the prowess of the nascent technology when it comes with decentralization, transparency and security, and it aims to reclaim the dignity of online gambling as a reputable, trustworthy and lucrative industry.

It’s no mystery to everyone that when people hear the words ‘gambling’ or ‘casino,’ especially when the word ‘online’ comes before them, it is, more often than not, met with raised eyebrows. Paradoxically enough, it is also met with enthusiastic cheers by solid communities, which explains the overwhelming numbers. However, regardless of its reputation, most industries take the advantage of the “golden goose” nature of the gambling industry, and use unjust practices in order gain more profit at the expense of its users, killing the goose in the process.

Here’s a thought: what happens when Midas touches the dying golden goose?

Faireum utilizes the power of blockchain technology in order to revolutionize the traditional technology behind online casinos. The shady random number generators (RNGs) that some dirty casino platforms alter to tamper with player odds are out of the equation since the Faireum blockchain ensures that its own RNG, called the Zero Random Algorithm (ZRA), is completely open and accessible for all users, allowing for a provably fair gaming experience. There will be an atmosphere of mutual trust brought by the absolute transparency behind Faireum’s very own machinery.

All the transactions that will be occurring within the Faireum ecosystem is safeguarded by cryptographic methods, ensuring that everything is open-source while at the same time maintaining the absolute anonymity of all its users. And since the blockchain is absolute and requires no meddling from any centralized institutions, all the transactions will run smoothly and immediately, which means no more withheld and delayed payouts.

That being said, the sustainability of its nature as an online gambling platform provides the security of investment for those who just want to see their coins grow by means of hodling, trading and investing. Furthermore, with Faireum’s constant research and development, all its blockchain applications will not remain exclusive to online gambling since its multi-signature wallet, wireless assembly virtual machine (WASM), cross-chain swaps and horizontal scalability will also prove useful for everyone’s day-to-day cryptocurrency usage.

A vision of a Faireum-powered future.

There are countless more that Faireum has envisioned for the future of online gambling and cryptocurrency, as well as its users and investors, and they are inviting everyone to see their vision on their main website as well as Telegram, Twitter, Facebook, LinkedIn and Medium.