SoftConstruct-created Fastex raises $23.2M in record Fasttoken sale

After completion of private and public saleFasttoken (FTN),part of an ecosystemfastex web3, developed by the companySoftConstruct, raised $23.2 million.

The public has access to the FTN, the officialcryptocurrency ecosystem Fastex on January 18 as part of a token creation event that sold out completely in less than three days. Prior to this, FTN was strategically sold to private investors.

FTN is the backbone of the Fastex web3 economy,which will also include Fastex Exchange for spot trading, ftNFT, an NFT marketplace, Fastex Pay for cryptocurrency payments, and FastexVerse, the gaming metaverse. Over 100 gaming companies are already partnering with Fastex, and FTN will be a key component in powering their GameFi offerings.

SoftConstruct co-founder Vigen Badalyan said:“We are excited about the next stage of growth for Fasttoken and the Fastex ecosystem. Our goal has always been to bring the benefits of web3 to players and our gaming partners, and we are committed to achieving this goal. We are also immensely grateful to the more than 100 gaming partners who have chosen Fasttoken as their in-game token. Fastex combines the EVM public blockchain with a set of DeFi primitives to create a comprehensive gaming ecosystem that supports everything – from trading to accumulation.

Users can access everythinga range of applications on the chain using unified wallet accounts, since they only need to provide information about the KYC system once. All web3 services and products offered by Fastex, including B2C and P2P payments, will use FTN as a utility token. The implementation of Fastex Chain will allow FTN to be used for block validation and staking, while securing the entire network with the advanced Proof-of-Staked-Activity (POSA) consensus.