After completing its private and public sale of Fasttoken (FTN), a part of the Fastex web3 ecosystem developed by SoftConstruct, has raised $23.2 million. The public was given access to FTN, the official cryptocurrency of the Fastex ecosystem, on January 18 as part of a token creation event that was completely sold out in less than three days. Prior to it, FTN was strategically sold to private investors.

FTN is at the core of Fastex’s web3 economy, which will also feature a Fastex Exchange for spot trading, ftNFT, an NFT marketplace, Fastex Pay for cryptocurrency payments, and FastexVerse, a gaming metaverse. More than 100 game companies have already collaborated with Fastex, and FTN will be a key component in powering their GameFi offerings.

(By Ashfaq)