CryptoFights, as the name would suggest, is a peer-to-peer fighting game where players use strategy, logic, and probability to win crypto rewards. In recent months a huge surge in both users (over 50,000 to date) and transactions (peaking, so far, at over 1.2 million transactions in a single day) led the company to seek out a solution to handle its ever-increasing turnover.
Fabriik Weave allows end-users to perform all actions of a crypto-to-crypto exchange including onboarding, trade quotes, execution, and settlement, with confirmations fully managed.
CryptoFights has integrated the Weave API into its platform so players can trade seamlessly, in real-time, without needing to leave the game – a key benefit for gaming sites. With low minimum trades of just US$5 in crypto, and players don’t need to use or install a new crypto wallet as the Weave app will work with players’ existing wallet(s).
Crypto-to-crypto: Initially supporting seven cryptocurrencies including BSV, this will be expanded to 19, with fiat on/off-ramps coming soon in the new year.
Glen Broomfield, General Manager of Fabriik Weave said: “To have a client like FYX Gaming so early in our journey is the best proof of concept we could have hoped for. It validates that Weave is able to handle large volumes of transactions – a service we can offer to any type of organization that requires the ability to exchange digital assets.”
Adam Kling, CEO of CryptoFights, added: “Now that we have a scalable transaction system the sky is the limit for how much we can expand on our already popular gaming platform.”
Risk Warning: Trading in cryptocurrencies carries a high level of risk and may not be suitable for everyone. You should consider whether you understand how cryptocurrencies work and whether you can afford to take the high risk of losing your money.
Notes to editors
The Weave API allows businesses to integrate a simple, configurable, crypto-to-crypto exchange with the front-end design of their existing site, so their customers can trade crypto in just three steps without leaving their site. Alternatively, businesses can host the Weave widget for free on their sites by simply copying and pasting a snippet of code.
More from Fabriik:
Money Button is a simple way to make or accept payments over the internet. Payments cost less than one cent and are almost instant. You can pay, tip, and buy BSV with its unique swipe feature. And now you can also trade crypto directly from your wallet too – with Fabriik Weave – a quick and effortless way to trade up to US$1000 in crypto per day.
FabriikX – coming soon! – is the first expertly-curated NFT marketplace that bridges the world of digital collectibles with real world experiences.
Tokenization services for enterprises and application developers, looking to create and issue tokens and to support token earning and redemption programs.
Trading Desk, Trading API, and Market Making for investors looking to trade, grow, and convert large orders in a secure and compliant environment.
Visit Fabriik.com for more information.
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