Fastex teams up with Olympionic Foundation to help drive sports development in Armenia

Fastex, SoftConstruct's Web3-driven ecosystem, has announced a memorandum of cooperation with the Olympionic Sports Charity Foundation. Supported by the RA Ministry of Education, Science, Culture, and Sports with a commitment to provide technical, advisory, and media assistance, this partnership aims to foster sports development and improve living conditions for athletes in the Republic of Armenia.

Under this strategic alliance, Fastex will contribute up to 5 million Fasttokens (FTN) to support athletes who secure top-three finishes in official Olympic, Paralympic, and non-Olympic sports championships, as well as other global and European sports events not featured in the Olympic program, along with their coaches.

"This initiative underscores Fastex's dedication to encouraging sports success, enhancing athlete competitiveness, and supporting both current and future generations of athletes," a press release states.

Envisioned to last until 2030, Fastex says this collaboration reflects its commitment to providing a secure, innovative, and regulatory-compliant digital finance environment for users worldwide, while also nurturing the spirit of sportsmanship and achievement within Armenia.

Fastex describes itself as "a rapidly growing force in the web3 ecosystem," renowned for its wide range of features including the Fastex Exchange platform, Fastex Pay crypto payment solutions, Fastexverse virtual 3D reality, and the ftNFT Marketplace