Fabwelt is a blockchain-based gaming ecosystem that combines gamefi, metaverse, and play-to-earn technologies to create a high-quality gaming platform. It integrates blockchain tech into various genres of games, allowing for unique gaming experiences and new ways for professional players to earn income.
Fabwelt leverages the Binance Smart Chain (BSC) for its operations, using the Proof of Staked Authority (PoSA) consensus mechanism which combines Proof of Stake and Proof of Authority. It supports various gaming genres by using smart contracts to manage its ERC-20 token (WELT) and ERC-1155 NFTs, providing in-game utilities, collectibles, and strategic assets.
Fabwelt offers several use cases, primarily in the gaming industry:
Fabwelt was founded by a team including Abhishek Pegada (CEO) and others with expertise in blockchain, gaming, and finance. The platform's first game, ARSENAL, is a 3D First-Person Shooter with blockchain integration. It has evolved by establishing a presence in the gaming and blockchain markets, offering a comprehensive ecosystem that spans various gaming genres and features.