HashFair marks a distinctive departure from the ‘provably fair’ concept that is prevalent in the online games space.
The Internet has come a long way since its “read-only” version, born in the late eighties. Web2, or the internet as we know it today, allows us to read, write, create and communicate with anyone around the world. While Web2 has provided tools for user-generated content (UGC), it still relies on managed sites and servers. Powerful servers like AWS, host large amounts of website data, including everything that happens on the internet, which can prove invaluable. Companies like Facebook and Google use the power of your data for their own personal gain. As the saying goes, “If you don’t pay for the product, you are the product” – This is where Web3 comes into play. Web3 will remove control by decentralizing the internet, so that changed servers are no longer needed. Web3 is built on ownership and transparency, and because of the blockchain acts as a large distributed ledger (or decentralized database where, anyone can add to the ledger), users can make transactions securely and share...