Tag Archives: SoftConstruct

Fastex, the Web-3 driven ecosystem from SoftConstruct, has made its first steps towards expanding its presence in the Middle East after receiving initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA). The approval, SoftConstruct explained, marks another milestone for the company as it continues to pursue new opportunities in global markets. Vigen Badalyan, the Co-Founder of Fastex, said: …

SoftConstruct’s Bahamut brand has passed audits from both Hexens and Certik which the company believes will demonstrate its commitment to both transparency and security. The two audits consisted of both technical and economic assessments. The technical examination, SoftConstruct explained, took the platform’s codebase, infrastructure and security protocols into account. During the process, it also verified the robustness of the blockchain …

BetConstruct’s Bahamut platform reached a new milestone this week with the successful completion of a token swap between xFTN to FTN via the Fastex exchange. All buyers who purchased xFTN during the presale stage have gained unrestricted access to FTNs for trading and investment. The announcement was made by Fastex, the native token of the Bahamut platform. A Fastex statement …

BetConstruct has brought its igaming offering to the Metaverse with the launch of its new platform, BCverse. BetConstruct is confident that its new Metaverse platform, built in collaboration with PandaMR,  marks a “major step forward” in the development of its digital ecosystem. In a statement, BetConstruct said: “The ever growing scope of products and services of BetConstruct are integrated into …

Fastex Chain has committed to improving the efficiency and security of its blockchain product with the February 1 launch of its Testnet mechanism, featuring the latest consensus feature, Proof of Stake Autonomy (PoSA). Part of the SoftConstruct group of brands, Fastex is a Web3-driven exchange that allows developers, builders and businesses the opportunity to build and scale decentralised applications. Vigen …

SoftConstruct and Genius Sports have resolved their legal dispute, which was centred  around the latter’s ownership of sports data.  As a result of settling the litigation, SoftConstruct will recognise Genius’ ownership of said database rights, and has also signed a multi-year agreement with the firm. This will see the London-based sports technology and data company supply the igaming firm with …

The Malta Gaming Authority (MGA) has permitted BetConstruct to allow player deposits using cryptocurrency, as the firm’s engagement with blockchain continues. The Armenia-based betting technology firm’s white-label partners will be able to receive cryptocurrency deposits, seeking to widen their customer base. Specifically, the company aims to ‘grow its operation’ by targeting players that use cryptocurrencies and ‘increase their satisfaction and …

BetGames has expanded its list of supported cryptocurrencies with the addition of Fasttoken (FTN), the official cryptocurrency of the Fastex ecosystem. As of 26 January, BetGames’ partners will be able to settle all transactions using FTN. The company joins the likes of BetConstruct, Endorphina, FeedConstruct and Fugaso who will start accepting the token from the beginning of next year. The …