Backstory on FWA first for context:

Fake World Assets (FWA) is an NFT platform by Token Works. You take an NFT and back it with ETH at whatever value you believe it’s worth. The NFT and the ETH go into a community pool, and people pay to pull a random NFT from the gacha machine. The cost per pull caries day to day. Right now its about 0.07 ETH ($160).

Every pull wins something but it might be worth more or less than you paid. That’s the gamble. The whole idea is to pull something rare and take either the NFT or the ETH backing. You can’t take both and whichever one you don’t take goes back to the person who put the NFT and ETH in the pool.

Here’s my problem with that though, the $160 a pull is expensive, least for me. There are lotteries and syndicates that lower the entry price but then I have to share the pull prizes with other people. I have tried these and I am usually at a loss after fees anyway. It’s not really worth it right now.

However, there is a world where it does make sense and also tickles my gambling itch hence not wanting to share the lottery pulls.

I built a betting game around FWA’s pulls instead. It’s called Fwaro. Based on Faro) which is an old forgotten card game that was once bigger than poker (ever watch old western films? They aren’t playing poker, they’re playing Faro). If I win I get a pull of my own which could work out at a tenth of the price and I don’t have to share with nobody.

It’s really simple:

NFTs get pulled on FWA every few seconds to a minute. My game takes two consecutive pulls and calls them a round. You pick one NFT collection and place a small fixed bet saying I think this collection will be pulled. The rules to win are:

Your collection is the first NFT revealed in a round, you lose. Your collection is the second one, you win and get 20% of your bet paid instantly. If neither reveal matches your bet rolls into the next round.

Get six wins without your collection ever being revealed first and my game spins the FWA machine for you. You keep the NFT it pulls or take its ETH backing, that’s up to you.

Basically, you could get a $160 prize off a $10 bet.

The way the game works, every collection has exactly equal odds of winning so picking a “popular” collection doesn’t help. The results come from Chainlinks VFR draws. And the obvious potential exploits like getting VRF results before I do, race conditions, etc, have all been solved for.

Here is a video of the game running in demo mode and an image of the branding. Video on X

Would love some feedback on the idea and concept now before I take it live.

submitted by /u/NoRecognition3349 [link] [comments]

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