Blockchain
SoftConstruct-Incubated Fastex Raises $23.2M in Record-Breaking Fasttoken Sale
Tortola, British Virgin Islands–(Newsfile Corp. – February 1, 2023) – Fasttoken, part of the Fastex web3 ecosystem incubated by SoftConstruct, has raised $23.2 million after completing its private and public sale of Fasttoken (FTN). The official cryptocurrency of the Fastex ecosystem, FTN was made available to the public on January 18 in a token generation event that sold out within 3 days. It was preceded by a strategic sale of FTN to private investors.
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FTN is at the heart of Fastex’s web3 economy which will include ftNFT, an NFT marketplace; Fastex Pay for crypto payments; FastexVerse, a gaming metaverse; and aFastex Exchange for spot trading. More than 100 gaming providers have partnered with Fastex already, with FTN set to play a pivotal role in powering their GameFi titles.
SoftConstruct Co-Founder Vigen Badalyan said, “We’re excited for the next phase of growth for Fasttoken and the Fastex ecosystem. 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. We are also immensely grateful to the more than 100 gaming partners who have chosen to adopt Fasttoken as their in-game token.”
An all-in-one gaming ecosystem, Fastex incorporates an EVM public chain with a suite of DeFi primitives that support everything from trading to saving. Unified wallet accounts ensure users only need to submit KYC details once to access the full spectrum of on-chain applications.
FTN will serve as the utility token for all of the web3 products and services operating under the Fastex banner, including B2C and P2P payment solutions. The launch of Fastex Chain will enable FTN to be deployed for staking and block validation, securing the entire network using a novel Proof-of-Staked-Activity (POSA) consensus.
About Fasttoken
Fasttoken is the utility token of the Fastex ecosystem. FTN can be utilized by game developers to power an array of original web3 games. Over 100 developers have already partnered with Fastex, giving FTN instant utility as the native token within their games and metaverse applications. FTN will form the onramp that introduces players to the world of web3.
As the native token of Fastex Chain, a Proof of Staked Activity blockchain solution, FTN will also support staking, block creation, validation mechanisms and rewards to create a highly secure environment for web3 innovation.
Learn more: https://www.fasttoken.com/
Contact name: Nareg Chaghlassian
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153178
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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