Decentralized sportsbook Wagerr (WGR) has said it has topped 75m WGR tokens in bets over the past five months – an amount equal to around $6.2m in fiat currency.
The impressive turnover since the platform launched last year has seen the token begin to build price momentum. The total market cap of Wagerr was around $10m in mid-December, but today is up 50 percent to $15m.
Total Oracle profit on the 75.2m WGR bet so far is 825,000, according to Wagerr – a margin of around 1 percent.
For major events, Wagerr is now reporting impressive betting volumes. Some 12 hours before kick-off of the Champions League tie between Paris St-Germain and Manchester United, it reported that more than 200,000 WGR had already been bet on the event.
In a detailed blog post, FunFair discussed at length the challenges to onboard users to dApps.
“We can see plain as day where we lose people in the onboarding funnel, and much of the time it’s very early – at the start – the moment they’re asked to download a Web3 browser or wallet and to create an Ethereum account,” the team said in the post.
“We believe we could reach a lot more users for our dApp if there were far lower friction, no requirement to download or install anything new, and a UI that had a much more comfortable learning curve.”
To tackle the problem, the FunFair has spent almost a year building “an easy to use wallet that targets this significant onboarding friction”.
The result is the FunWallet, which FunFair says will run “in any web browser inside an iFrame, on any device, mobile or desktop, Safari or Chrome” and requires no plugin, download or install. In other words, users will be able to easily log into their FunWallet from their phone with an email and password.