Recap of the Fabwelt AMA with Blockchain Space

On Wednesday, November 3rd, we had the pleasure to welcome to our Telegram chat:

Abhishek Pegada, The Chief Executive Officer at Fabwelt.

We asked him questions about the development of Fabwelt.

INTRODUCTION

Q~ Thanks for joining us today. Please start off by introducing yourself to the Blockchain Space community and your role in the team ?

A~ My name is Abhishek Pegada, I am a very big fan of blockchain technology and it’s essence of making the world fair and reachable to everyone. A crypto enthusiastic and love building games and DeFi. I am the Chief Executive Officer of Fabwelt. It is great pleasure to be the part of such wonderful and hungry to learn team.

Q~ Briefly enlighten us about the project. What is Fabwelt all about in detail, and what are some of the real-world problems that Fabwelt aims to proffer solution to ?

A~ The idea is to revolutionize gaming experience on blockchain. We believe GameFi has immense potential while integrating with blockchain. It has started to unleash itself with brilliant ideas and techniques to incentivize active users with surprisingly high rewards. With Fabwelt not only we try to maximize incentives but we aim to introduce high quality games over blockchain for gamers and non-gamers to enjoy the experience on our platform.

Fabwelt creates games and technology to fully integrate blockchain technology for a advance gameplay experience. High-end games will be developed for all types of genres like 3D First Person Shooters, Action-adventures games, Simulation games, Strategy games, Fantasy gaming, etc. All games Fabwelt products will be integrated with blockchain technology at its core. This means a full experience of in-game NFTs, Play to Earn and in-game DeFi.

Problem statement:

Fabwelt introduces in-game NFTs as utilities. Since the traditional NFT market focuses much on collectables. Fabwelt uses in-game NFTs to boost game strategy, which eventually can benefit in winning rewards and prizes during game play.

Product statement:

We try to improve gaming experience by developing high quality games which enhance skills and communication of users participating. Traditional blockchain gaming has become saturated and boring. Fabwelt is changing it by introducing Arsenal and Fanwelt.

Arsenal is the first 3D shooter game with in-game NFTs utilities.

Fanwelt is a never seen fantasy sports gaming platform with unique and interesting rules to maximize incentives for participants.

Fabwelt will of course introduce more products in the future with focused technology on future gaming.

Q~ Can you share with us detailed information on the $WELT tokenomics and it’s usecases ?

A~ WELT token is a utility token on Polygon network. It will be mainly used for gaming, staking and DeFi applications.

The use case of Fabwelt token is:

I would want your community to see the tokenomics and distribution visually which will provide much better understanding.

Q~ Do you have any partnership at the moment, share with us your recent partnerships and how they will affect Fabwelt positively ?

A~ Nice one.

Yes, we do have some of good partners which add value to Fabwelt in various ways:

  1. Community Development
  2. Technical Development
  3. Marketing Boost
  4. Fundraising
  5. Gaming Architecture
  6. Making DeFi ecosystem stronger
  7. Exposure to upcoming competition and also to technology.

We are not done with partnerships, you can follow our social handles to know more, we announced some today too 🙂

Cassiterite : We want to see more partnerships in the future!

Abhishek Pegada : Always in our Agenda, Thats what makes us stronger, since we also interact with their community. We believe for us, community is everything.

Q~ Can you give us an update on what the team at Fabwelt has accomplished till date and your future plans for Fabwelt ?

A~ We as a team always work towards technical and community development. Since the beginning we have never overlooked these two aspects and been our base when Fabwelt was founded. Starting with a community of 80 members and now over 27,000 is one of our success we are proud of. Again, we love community and our community is very dear to us. So, in order to keep it healthy, we focused on innovations, we introduced Arsenal (arsenal.fabwelt.com), our first product. It’s a nice game to play over blockchain. We have been good enough in attracting gaming projects and also others to trust in us and develop with us together.

In the very near future which is 2 weeks from now, we aim to launch with a successful completion of seed, private and strategic rounds. Our IDO will be conducted on several platforms. We never stop with our technical development, introduction of Arsenal to the public which will be followed by Fanwelt and many other high-end games in coming year. Also, not to lose focus with marketing. We have divided our marketing campaign into various phases. We execute each phase according to market dynamics and have been doing it since Q2 2021. We will also focus on reaching the WELT token to every corner of the world by listing in on various DEXs and CEXs. Overall the roadmap is focused on providing the best service to our community and users on the platform.

QUESTIONS FROM TELEGRAM

Q~ Can you tell us about the competitive advantages of Fabwelt, what are the features that makes you unique, what are your killer-features?

A~

Q~ How the project is going to grow Metaverse thing ? How will it work ?

A~

Since it is a multi game project. Metaverse is just perfect for Fabwelt.

Q~ Why choose Polygon among an array of choices like Ethereum, Polkadot , BSC, Solana ?

A~ Polygon is perfect for us. Faster transactions and lowest gas fees. Also it is Ethereum based, so more secure.

Q~ Which one of these aspects is important for you?

  1. Increasing Token Price & Value
  2. Burning
  3. Empowering Platform Development
  4. Building Community Trust
  5. Expanding Partnership Globally

In what order?

A~ 4,3,5,1,2

Q~ Can you please explain more on the Fantasy Gaming Platform, Fanwelt, What benefits will Fanwelt be to users ?

A~ Fanwelt – Fan means Fantasy, Welt means World. Fanwelt is a Fantasy sports platform designed with an experience of over 6 years by the fabwelt team. We believe fantasy sports is a fun way to enhance sports knowledge and blockchain provides us the right platform to incentivize with respect to the time provided to play it. We will introduce all kinds of sports eventually on Fanwelt platform to participate and relish the new kind of sports gaming experience. Users will have the chance to get rewards daily and also bag the jackpot prizes by Fabwelt.

CONCLUSION

We were very excited for today’s AMA. This group has been associated with some great projects in history. We are glad to be a part of it and very thankful to you all. Been really wonderful to answer your questions.

I would like to request the community to go through Fabwelt docs please, if you find it interesting:

Here is the deck:

Whitepaper:

It’s really nice having the Fabwelt project in here!!!

You can check out their Website for more details. You can also follow them on Telegram and Twitter to keep up to date with all things relating to Fabwelt.

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