DappRadar’s Q3 2023 Report Reveals Steady Growth in Web3 Gaming November 1, 2023 November 1, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 1, 2023 by Kelly Cromley

DappRadar’s Q3 2023 Report Reveals Steady Growth in Web3 Gaming

DappRadar, the largest distribution platform for Web3 decentralized applications (dapps), has recently released its comprehensive report on the growth of blockchain gaming in the Web3 ecosystem during Q3 2023. The findings from the report indicate a notable 12% increase in Web3 gaming activity compared to the previous quarter, with the number of unique players surpassing 785,000. This growth demonstrates the continued dominance of the blockchain gaming sector, even amidst fluctuations in decentralized markets. Additionally, the Fasttoken cryptocurrency, designed specifically for the Web3 gaming landscape, has celebrated its nine-month anniversary.


Fasttoken: An Integral Part of Web3 Gaming


Fasttoken, the official cryptocurrency of the Fastex ecosystem, is developed by the technology company SoftConstruct, known for its team of over 6,000 professionals. The unique blockchain ecosystem and Fasttoken cryptocurrency aspire to establish themselves as prominent entities within the Web3 gaming domain. According to Davud Güneyli, the CEO of Fastex Turkey, Fasttoken is positioned to become a universal currency for Web3-based games, created by a network of over 100 developers.


Davud Güneyli emphasized that Fasttoken’s design places a strong emphasis on providing users with a simple and secure experience. Fasttoken serves as the native currency for the Fastex exchange and ecosystem, offering a wide range of blockchain services centered around Web3 and decentralized finance. These services include NFT minting and dApp development. One of the distinguishing features of this ecosystem is its foundation on a next-generation blockchain called Bahamut, which promises users faster transactions and lower fees. The Fastex ecosystem also incorporates the Fastexverse virtual universe and the ftNFT NFT platform, ensuring user-friendly interfaces and top-tier security, thus delivering a multifaceted blockchain experience.


Fasttoken’s Remarkable Growth


Fasttoken initially had a presale price of $0.35, but it quickly surged to over $1 per unit. Currently, it boasts a market capitalization exceeding 4 billion Turkish Lira (TL). As an ERC-20 standard token, Fasttoken ensures global compatibility and widespread acceptance. The Dubai-based Fastex Exchange, equipped with a cryptocurrency license, has gained recognition as one of the most innovative platforms in the sector. This recognition stems from its comprehensive approach to crypto payment solutions, NFTs, metaverse development, and blockchain technologies.


In Conclusion


The release of DappRadar’s Q3 2023 report highlights the robust growth and resilience of Web3 gaming, with a 12% increase in activity compared to the prior quarter. This data underscores the continued appeal and potential of blockchain gaming within the Web3 ecosystem. Additionally, the Fasttoken cryptocurrency, designed for the Web3 gaming landscape, has reached a significant milestone in its journey, offering users an array of features within the Fastex ecosystem. With its focus on providing a simple, secure, and versatile experience, Fasttoken is poised to play a vital role in the evolving world of Web3 gaming.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.