Fasttoken (FTN) Secures Multi-Million Dollar Investment to Advance Its Web 3 Ecosystem
28 Enero 2023 - 11:34AM
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Fastex raises $23.2 million in a token generation event
(TGE) last week. Funds will be used in accelerating development and
community growth. Fasttoken (FTN) is the utility token in Fastex’s
expansive Web 3 ecosystem. Up-and-coming Web 3 ecosystem, Fastex,
announces a successful capital raise of $23.2 million, following
the recent completion of its private and public sale of its
Fasttoken (FTN). The additional funding was raised in a token
generation (TGE) over the past few months, with two phases of
private investments running from December to mid-January and the
public sale that launched on January 18 and sold out in less than
72 hours. According to the official statement, the funding will be
used in developing new features, accelerating the innovation of its
Web 3 ecosystem, and global marketing to boost its GameFi and Web3
ecosystems. Vigen Badalyan, the co-founder of SoftConstruct, the
incubator of Fastex, believes the latest round of funding will
“bring the benefits of web3 to game players and gaming partners [on
Fastex]” as it heads towards its next growth phase. “We’re excited
for the next phase of growth for Fasttoken and the Fastex
ecosystem,” Badalyan said. “Our goal has always been to bring the
benefits of web3 to game players and our gaming partners and we’re
laser-focused to make that happen.” The FTN is the official utility
token of Fastex and helps power its comprehensive crypto ecosystem
including ftNFT (Fastex’s NFT marketplace), Fastex Pay for crypto
payments, FastexVerse, a gaming metaverse, and the Fastex exchange.
So far, over 100 gaming platforms and developers have collaborated
with Fastex to incorporate the FTN token in powering their GameFi
projects, the statement further confirmed. “We are also immensely
grateful to the more than 100 gaming partners who have chosen to
adopt Fasttoken as their in-game token,” Vigen Badalyan said. Many
developers choose FTN as it is built on a scalable and secure
Fastex chain, a Proof of Staked Activity blockchain solution, which
uses staking and user activity to secure the chain. As a utility
token, FTN provides game developers with a highly scalable and low
transaction fee token to power their Web3 games and run in-game
marketplaces. The token also provides an onramp for gamers and
crypto aficionados who find it hard to join the world of Web 3
gaming. Fastex aims at building a comprehensive Web 3 ecosystem, in
response to the fragmented and complicated onboarding process
currently hampering the adoption of Web 3 services and products,
specifically Web 3 gaming. The platform is introducing new concepts
of diversification by building an impressive ecosystem of services,
not limited to gaming or trading. FTN will support other DeFi
utilities such as staking, block creation, validation mechanisms
and rewards to build out a fully comprehensive Web3 ecosystem for
its gamers. In addition, unified wallet accounts will allow users
to submit KYC details only once to access the full spectrum of
on-chain applications. Finally, FTN will be the umbrella token for
all the web3 products and services within the Fastex ecosystem,
including its B2C and P2P payment solutions.
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